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 | In construction |
Project Description | Two solar PV facilities (Brockville and Beckwith) with 24.4 MWdc of aggregate generation capacity located near Brockville and Ottawa, Ontario. |
Project Revenues | 100% of power produced is sold to the OPA under 20-year Power Purchase Agreements (PPAs) |
Conterparty | Ontario Power Authority |
PPA Expiry | 2033 - 2034 (PPA term: 20 years following COD) |
Asset Type | Energy Infrastructure |
Status | Operational (COD in December 2010 and December 2011) |
Assets Description | Four operational solar PV facilities (Elmsley East, Elmsley West, St.Isidore A and St.Isidore B) with 47.1 MWdc of aggregate generation capacity located in the townships of Rideau Lakes and St. Isidore near Ottawa, Ontario. The installations were developed under the IESO’s RESOP Program |
Assets Revenues | 100% of power produced is sold to the IESO under 20-year Power Purchase Agreements (PPAs) |
Counterparty | IESO |
PPA Expiry | 2030 / 2031 (20 years following COD) |
Asset type | Social Infrastructure (long-term care facilities) |
Status | Operational |
Asset Description | 92.5% equity interest in a portfolio of 16 long-term care facilities in operation, representing 2,418 beds located in Ontario. AgeCare is the operator and owns the balance of the equity ownership interest in the portfolio. |
Asset Revenues | LTC facilities are licensed, regulated and funded by the provincial governments. The provincial governments subsidize the care, programs, supplies and accommodation costs of the residents, who are also typically subject to a co-payment. The funding rates paid by the government and the residents to the operators are set on an annual basis by the Ontario Ministry of Long-Term Care. |
Counterparty | Regulator: Ontario Ministry of Long-Term Care |
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