| Asset Type | Energy and Social Infrastructure |
| Status | Operational |
| Asset Description | 50-year concession to operate, maintain and upgrade the Georgetown University utility system, which is all of the electric, steam and condensate, natural gas, chilled water and associated central assets serving the Main and Downtown campuses, and includes utility and energy services to the Jesuit Community, the Georgetown University Medical Center and MedStar Georgetown Hospital. The concessionaire will also implement energy conservation measures to achieve a 35% reduction in energy use intensity |
| Asset Revenues | In exchange for an upfront payment, the Concessionaire receives three revenues steams: (i) a starting fixed fee of $21.1 million that grows by ~$2.2 million per year until 2031, then growing at 1.5% per year; (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 | Georgetown University (S&P: A-; Moody’s: A3) |
| Concession Expiry | 2071 |
| 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 (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 |
| Status | Operational |
| Asset Description | Quality Wind: a 142.2 MW wind facility located near Tumbler Ridge in northeastern British Columbia PDN Wind: a 104.4 MW wind facility located in Haldimand and Norfolk Counties in southern Ontario |
| Asset Revenues | 100% of the power produced is sold to BC Hydro and the IESO under long-term Power Purchase Agreements (PPA), with a capacity-weighted remaining term of approximately 11 years. |
| Counterparty | BC Hydro and IESO |
