| Asset Type | Social Infrastructure (Personal Care Home Portfolio) |
| Status | Operational |
| Asset Description | 90% interest in a portfolio comprised of seven personal care facilities representing 449 rooms. Kirby Group, the largest operator in Newfoundland & Labrador, is the operator and owns the balance of the ownership interests in the portfolio. |
| Asset Revenues | Personal care facilities 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 as determined by a Regional Health Authority conducted financial assessment of incoming residents. |
| Counterparty | Regional Health Authorities (agencies of the provincial government) |
| Asset type | Energy Infrastructure |
| Status | Operational (COD in October 2015) |
| Asset Description | 100 MW operating wind facility located in Lambton County, Ontario. The wind facility was developed under Ontario’s Feed-in-Tariff (FiT) program. |
| Asset Revenues | 100% of power produced is sold to the IESO under a 20-year Power Purchase Agreement (PPA). |
| Counterparty | IESO (rated Aa3 by Moody’s) |
| 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 |
| 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. |
