Company type | Public |
---|---|
TSX: CSE.PR.A | |
Industry | Electricity Generation |
Headquarters | , |
Key people | Michael Bernstein, President & CEO |
Revenue | C$138.48m |
C$20.91m | |
C$11.26m | |
Subsidiaries | Clean Power Operating Trust |
Website | https://capstoneinfrastructure.com/ |
Capstone Infrastructure Corporation, formerly known as Macquarie Power & Infrastructure Income Fund (MP&I), is a Toronto, Ontario-based open-ended trust that invests in the following types of power generation such as natural gas cogeneration, wind, hydro, biomass and solar. [1]
Macquarie Power & Infrastructure Income Fund (MP&I) first listed on the Toronto Stock Exchange in April 2004 as Macquarie Power Income Fund with the 156MW Cardinal natural gas plant as its sole asset. [2] In April 2005, the fund's founding President & CEO Bob Rollison announced a broader acquisition strategy that would include infrastructure assets beyond the energy sector. [3]
This broader mandate allowed MP&I to acquire 45% of Leisureworld, an operator of Long-Term care facilities in Ontario, in 2005. However, management opted to divest this asset in 2009 - arguing that they wanted to focus more on "core infrastructure categories, such as power generation, electricity transmission or distribution, and utilities and transportation." [4]
Regional Power, a subsidiary of Manulife Financial, oversees the day-to-day operations at MP&I's four hydro facilities (Sechelt, Hluey Lakes, Dryden and Wawatay).
In June 2007, MP&I completed the purchase of Clean Power Income Fund, which roughly doubled its assets. [5] This transaction marked MP&I's entry into the renewable energy market, as it acquired one wind farm (Erie Shores), four hydro projects (Sechelt, Hluey Lakes, Wawatay and Dryden), the Whitecourt biomass plant, and a 31.3% interest in the Chapais biomass plant.
Name | Location | Fuel Source | Capacity (MW) | Ref |
---|---|---|---|---|
Cardinal | Ontario | Natural Gas | 156 | [6] |
Erie Shores | Ontario | Wind | 99 | [7] |
Ganaraska | Ontario | Wind | 17 | [8] |
Sechelt | British Columbia | Hydro | 16 | [9] |
Hluey Lakes | British Columbia | Hydro | 3 | [10] |
Wawatay | Ontario | Hydro | 14 | [11] |
Dryden | Ontario | Hydro | 3 | [12] |
Whitecourt | Alberta | Biomass | 25 | [13] |
Chapais | Québec | Biomass | 28 | [14] |
MP&I is developing a 20MW solar park in Amherstburg, Ontario. SunPower has been contracted to design, build and operate the facility, which has been awarded a 30-year Power Purchase Agreement by the Ontario Power Authority. [15]
Fortum Oyj is a Finnish state-owned energy company located in Espoo, Finland. It mainly focuses on the Nordic region. Fortum operates power plants, including co-generation plants, and generates and sells electricity and heat. The company also sells waste services such as recycling, reutilisation, final disposal solutions and soil remediation and environmental constructions services, and other energy-related services and products e.g. consultancy services for power plants and electric vehicle charging. Fortum is listed on the Nasdaq Helsinki stock exchange.
The Ontario Teachers' Pension Plan Board is an independent organization responsible for administering defined-benefit pensions for school teachers of the Canadian province of Ontario. Ontario Teachers' also invests the plan's pension fund and it is one of the world's largest institutional investors, acting as a partner organization of the World Economic Forum. The plan is a multi-employer pension plan, jointly sponsored by the Government of Ontario and the Ontario Teachers' Federation.
In Honduras, there is an important potential of untapped indigenous renewable energy resources. Due to the variability of high oil prices and declining renewable infrastructure costs, such resources could be developed at competitive prices.
An independent power producer (IPP) or non-utility generator (NUG) is an entity that is not a public utility but owns facilities to generate electric power for sale to utilities and end users. NUGs may be privately held facilities, corporations, cooperatives such as rural solar or wind energy producers, and non-energy industrial concerns capable of feeding excess energy into the system.
According to the International Hydropower Association, Canada is the fourth largest producer of hydroelectricity in the world in 2021 after the United States, Brazil, and China. In 2019, Canada produced 632.2 TWh of electricity with 60% of energy coming from Hydroelectric and Tidal Energy Sources).
Renewable energy in Canada represented 17.3% of the Total Energy Supply (TES) in 2020, following natural gas at 39.1% and oil at 32.7% of the TES.
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Veresen Inc. was a Calgary, Alberta-based energy infrastructure company with three main lines of business: pipelines, natural gas and power generation. It was a publicly-traded company on the Toronto Stock Exchange, and was known as Fort Chicago Energy Partners L.P. In 2017, it was acquired by Pembina Pipeline for $9.7 billion.
Alterra Power Corp. a subsidiary of Innergex Renewable Energy Inc., is a diversified renewable power generation company based in Vancouver, British Columbia, Canada. It was formed in 2011 through the merger of Magma Energy Corp. and Plutonic Power Corp. It develops, owns, acquires and operates hydroelectric, wind, solar energy and geothermal projects. On February 6, 2018, Innergex Renewable Energy Inc. completed the acquisition of Alterra including all its assets.
Brookfield Renewable Partners L.P. is a publicly traded limited partnership that owns and operates renewable power assets, with corporate headquarters in Toronto, Ontario, Canada. It is 60% owned by Brookfield Asset Management.
Innergex Renewable Energy is a developer, owner and operator of run-of-river hydroelectric facilities, wind energy, and solar farms in North America, France and South America. While many of the firm's operational assets are located in its home province of Québec, it has expanded into Ontario, British Columbia, and Idaho, as well as Chile and France
Atlantic Power Corporation headquartered in Dedham, Massachusetts, is a power generation and infrastructure company with a portfolio of assets in the United States and Canada. The company is engaged in power generation through hydro, natural gas, biomass, and coal fired power plants. The company was acquired by private equity firm I Squared Capital in 2021 and delisted from the New York and Toronto stock exchanges.
I Squared Capital is a private equity firm focusing on global infrastructure investments. The company invests in energy, utilities, transport and telecom projects in North America, Europe and select high growth economies, such as India and China.
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