Asset Type | Energy Infrastructure |
Status | Operational |
Asset Description | Nine solar PV facilities in Ontario totalling 101.5 MWdc of aggregate generation capacity located in the municipalities of Smiths Falls, Perth, Coldwater, and Wyebridge. The installations were developed under the government's Feed-in-Tariff (FiT) program. |
Asset Revenues | 100% of power produced is sold under 20-year Power Purchase Agreements (PPAs) |
Counterparty | IESO |
PPA Expiry | 2033 and onward (20 years following COD) |
Asset Type | Energy Infrastructure |
Status | Operational (COD in August 2011 for Copper Crossing and November 2010 for Dry Lake II) |
Asset Description | 50% interest in a portfolio of two operating renewable projects, one 65.1 MW wind farm (Dry Lake II) and one 23 MWdc solar farm (Copper Crossing), both located in Arizona and fully contracted under long- term PPAs. |
Asset type | Energy Infrastructure (transmission line) |
Status | Operational (COD between Sept. 2013 and Jan. 2014) |
Asset description | Wind Energy Transmission Texas, LLC (WETT) is a regulated electric transmission provider in West Texas that owns and operates 500 circuit miles of transmission lines and six switching stations across eleven West Texas counties. |
Asset revenues | Rate base revenue mechanism paid from the pooled revenues collected by the ERCOT from ~80 electric distribution service providers in Texas. |
Conterparties | ERCOT - Electric Reliability Council of Texas and PUCT - Public Utility Commission of Texas |
Asset Type | Social Infrastructure (graduate student housing) |
Status | Under construction (commercial operations in 2023) |
Asset Description | Swiftsure Housing Partners is a partnership between Axium and Balfour Beatty to construct a graduate student housing facility located at Vanderbilt University in Nashville, Tennessee. The facility will be the only on-campus graduate student housing facility at Vanderbilt University and consists of 529 apartments with a total of 616 beds. The facility will be operated pursuant to a ground lease and cooperation agreement with Vanderbilt University under a 65-year term. Rental rates are set collaboratively with the University on an annual basis and are subject to a cap that ensures rental rates will stay at a specified discount to market rates in the Nashville area. Balfour Beatty Campus Solutions has been retained as property manager and is responsible for maintenance of the property as well as unit leasing and rent collection, for which the University also provides support. |
Asset Revenues | Rental revenue is collected from students every month. Revenues earned above a 95% occupancy rate are split 75% to Swiftsure Housing Partners and 25% to Vanderbilt University long-term. |
Counterparty | Balfour Beatty Campus Solutions (property manager)Vanderbilt University (S&P: AA+ / Moody’s: Aa1 / Fitch AAA) |
Contract Expiry | Ground lease with the Vanderbilt University expires in 2086 |