| Asset type | Transportation infrastructure |
| Status | Operational (COD in 1972) |
| Asset Description | Metropistas is the toll road concessionaire operating Highway 22 (PR-22) and Highway 5 (PR-5) in Puerto Rico under a 50-year concession that commenced in 2011 with the Puerto Rico Highways & Transportation Authority (PRHTA). PR-22 and PR-5 are essential commuter highways that provide critical transportation links to residents and businesses in the island’s northern corridor. |
| Asset Revenues | ~96% toll-based revenue (all-electronic tolling) / ~3% from Dynamic Toll Lanes (DTL) revenue / ~1% from non-toll revenue sources |
| Asset Type | Energy Infrastructure |
| Status | Under construction (commercial operations in Q2/Q3 2024) |
| Asset Description | Equity interest in a shovel-ready 900 MW combined-cycle power plant to be located approximately 200 km west of Edmonton, AB. |
| Asset Revenues | Market energy sales with ~80% of the gas supply sourced via three 14 years average gas netback agreements (gas prices indexed to electricity prices). |
| Counterparties | Peyto Exploration & Development Corp. – Pacific Canbriam Energy Ltd. – Cutbank Dawson Gas Resources Ltd. |
| 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 | Greenfield |
| Asset Description | BlueWave is a development company focused on distributed generation (DG) solar and utility-scale storage, specifically focused on community solar, in the US Northeast and Mid-Atlantic. The development pipeline consists of over 1.3 GW of capacity across over 140 projects and 5 states. |
| Asset Revenues | Community solar projects will generate revenue by state community solar bill credits earning retail rates for 20–25 year initial periods depending on market. Beyond the initial program, projects will be able to sell electricity on a merchant basis. Storage projects will generate revenue through capacity revenues and energy arbitrage. |
