| Asset Type | Energy Infrastructure (Natural gas power generation) |
| Status | Operational (COD in 1996) |
| Asset Description | Brooklyn Navy Yard (BNY) is a 286 MW nominally rated natural gas combined cycle cogeneration facility located in Brooklyn, New York City which sells steam and electricity output to the Consolidated Edison Company of New York (ConEd). BNY has steam output capacity of 1,000,000 lbs per hour. |
| Asset Type | Energy Infrastructure (Solar + Battery Storage) |
| Status | EdSan1A in operation (full COD Q3 2022) and EdSan1B closed at full COD in Q4 2023) |
| Asset Description | 346 MW solar + 1,505 MWh battery storage (EdSan1A) and 410 MW solar + 1,786 MWh battery storage (EdSan1B), the two projects are located in southern California and are expected to be the largest solar + storage project in the U.S. on a combined basis. EdSan1A reached COD from Aug. 2021 – Sept. 2022 and EdSan1B reached COD in late 2023. The projects benefit from a diverse set of revenue contracts, in addition to a partner who is the O&M provider and asset manager, creating alignment of interests. |
| Asset Revenues | The project has a diverse set of 15+ revenue contracts, including for solar electricity and RECs, as well as capacity contracts. Offtakers include investor-owned utilities, corporations, and community choice aggregators. |
| Contract Expiry | Project offtake agreements terminate in 7-15 years, with the projects earning revenue on a merchant basis thereafter. |
| Asset Type | Energy Infrastructure (natural gas power generation) |
| Status | Under construction (commercial operations in 2023) |
| Asset Description | CPV Three Rivers is a 1,258 MW combined cycle power generation project located in northeastern Illinois, within the ComEd load zone of PJM. The project issued NTP in late August 2020, with commercial operations anticipated in Q2 2023. |
| Asset Revenues | Project will generate revenue by participating in PJM’s energy and capacity markets. Roughly 90% of the Project’s gross energy margin is secured for the first five years of operations through Power Price-Based Gas Supply Agreements whereby the project purchases gas at a fixed percentage of day ahead electricity prices. |
| Counterparties | Capacity & Energy Revenue – PJM ISO, Power Price-Based Gas Supply – Morgan Stanley and Advantage Oil & Gas |
