Asset Type | Energy Infrastructure |
Status | Operational (construction completed in December 2014) |
Project Description | 101.2 MW wind farm located in the Québec municipalities of Ste-Marguerite-Marie and Causapscal which was developed by Axium Infrastructure under Hydro-Québec’s 2005 call for power. |
Asset Revenues | 100% of power produced is sold under a 20-year Power Purchase Agreement (PPA) |
Counterparty | Hydro-Québec |
PPA expiry | December 2034 (20 years following COD) |
Asset Type | Energy Infrastructure |
Status | Operational (COD in August 2016) |
Asset Description | Run-of-river hydro facility located 10km downstream of East Toba River with a total capacity of 62 MW. |
Asset Revenues | 100% of power produced is sold under a 40-year Power Purchase Agreement (PPA). |
Counterparty | BC Hydro |
PPA Expiry | July 2056 (40 years following COD) |
Asset Type | Social Infrastructure (Student Housing) |
Status | Under Construction (Commercial Operations in 2023) |
Asset Description | Mass Ave Housing Partners is a concession from the University of Massachusetts Amherst to construct and operate on-campus undergraduate and graduate student housing facility . The undergraduate facility will feature 253 apartments with a total of 623 beds and the graduate facility will feature 140 apartments with a total of 201 beds. Construction of the undergraduate and graduate facilities is expected to be completed by the ends of August 2023 and November 2023, respectively. The facility will be operated pursuant to a concession agreement with the University for a 65-year term. The Project Company has the authority to set rental rate and operating budgets, and will retain a third-party property manager responsible for maintenance of the property as well as unit leasing and rent collection. |
Asset Revenues | Rental revenue is collected from students every month. Approximately 3% of rental revenues will be paid to the property manager as a management fee. |
Counterparty | University of Massachusetts (S&P: AA- / Moody’s: Aa2 / Fitch AA) |
Contract Expiry | Concession with the University expires after 65 years. |
Asset Type | Energy Infrastructure (Natural gas power generation) |
Status | Middletown : Operational (COD in May 2018) Kings Mountain : Operational (COD reached in December 2018) |
Asset Description | The portfolio consists of two conventional generation assets that will utilize state-of-the-art Mitsubishi Hitachi Power Systems combined-cycle technology. Middletown Energy Center (MEC) is a 478 MW CCGT located in Western PJM (Ohio). Kings Mountain Energy Center (KMEC) is a 470 MW CCGT located in North Carolina. |