| Asset Type | Energy and Social Infrastructure |
| Status | Operational |
| Asset Description | 50-year concession to operate and maintain The Ohio State University’s campus district energy system, including the production and/or distribution of steam, chilled water, natural gas, and electricity across the 485-building Columbus campus and implementation of a comprehensive energy conservation program designed to increase system efficiency by 25% or greater. |
| Asset Revenues | In exchange for an upfront payment, the Concessionaire receives three revenue streams: (i) a fixed $45 million per year (escalating at 1.5% per annum); (ii) a return on investment for capital improvements made to the system over the term of the concession; and (iii) payment of operating costs on a pass-through basis. |
| Counterparty | The Ohio State University (S&P: AA; Moody’s: Aa1) |
| Concession Expiry | 2067 |
| Asset Type | Energy Infrastructure |
| Status | Operational (COD between February 2012 and November 2014) |
| Asset Description | Four wind facilities and two solar facilities totalling 396 MW of aggregate generation capacity located in Ontario in the counties of Lambton, Middlesex, Haldimand, Huron, and Wellington. The wind facilities were developed under Ontario’s Feed-in-Tariff (FiT) program and the solar facilities were developed under Ontario’s Renewable Energy Standard Offer Programme (RESOP) |
| Asset Revenues | 100% of power produced is sold to the IESO under 20-year Power Purchase Agreements (PPAs). |
| Counterparty | IESO (rated Aa3 by Moody’s, A (high) by DBRS) |
| Asset type | Social Infrastructure (long-term care facilities) |
| Status | Operational |
| Asset Description | 90-95% interest in 25 facilities representing 2,935 beds located in Alberta and BC. Optima Living is the operator and owns the balance of the equity ownership interest in the portfolio. |
| Asset Revenues | Continuing care facilities in Alberta and British Columbia are licensed, regulated and funded by the provincial government. The provincial government subsidizes the care, programs, supplies and accommodation costs of the residents, who are also subject to a co-payment. The funding rates paid by the government and the residents to the operators are set on an annual basis. |
| Counterparty | Alberta Health Services and various B.C. Regional Health Authorities |
