Macquarie_Power_&_Infrastructure_Income_Fund
Capstone Infrastructure Corporation is a Toronto, Ontario-based open-ended trust that invests in the following types of power generation assets: Natural Gas cogeneration, Wind, Hydro, Biomass and Solar.[1] It was formerly known as Macquarie Power & Infrastructure Income Fund.
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| 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 |
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]
Leisureworld Acquisition and Divestiture
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
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).
Clean Energy Income Fund
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.
Operational Power Projects
| 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] |
Projects Under Construction
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]
- "Macquarie Group Limited | Global Financial Services". www.macquarie.com.
- Macquarie Power Income Fund Media Release, 30 April 2004
- Macquarie Power Income Fund Press Release, 14 April 2005
- MP&I Annual Report, 2009
- MP&I Annual Report, 2007
- "Macquarie Power & Infrastructure Income Fund - Portfolio - Cardinal". Archived from the original on 2010-12-28. Retrieved 2010-12-03.
- "Power Portfolio". capstoneinfrastructure.com. Retrieved 2024-01-20.
- "Power Portfolio". www.capstoneinfrastructure.com. Retrieved 2024-01-21.
- "Macquarie Power & Infrastructure Income Fund - Portfolio - Sechelt". Archived from the original on 2010-12-28. Retrieved 2010-12-03.
- "At-a-glance | Capstone Infrastructure's mission is to build and responsibly manage a high quality portfolio of core infrastructure businesses in Canada and internationally in order to deliver a superior total return to our investors through stable dividends and capital appreciation. Our portfolio currently includes power infrastructure and utilities businesses in Canada and Sweden, respectively". 2011-09-23. Archived from the original on 2011-09-23. Retrieved July 6, 2023.
- "Macquarie Power & Infrastructure Income Fund - Portfolio - Wawatay". Archived from the original on 2010-12-28. Retrieved 2010-12-03.
- "Macquarie Power & Infrastructure Income Fund - Portfolio - Dryden". Archived from the original on 2010-12-28. Retrieved 2010-12-03.
- "Macquarie Power & Infrastructure Income Fund - Portfolio - Whitecourt". Archived from the original on 2010-10-04. Retrieved 2010-12-03.
- "Macquarie Power & Infrastructure Income Fund - Portfolio - Chapais". Archived from the original on 2010-12-28. Retrieved 2010-12-03.
- "Macquarie Power & Infrastructure Income Fund - Portfolio - Amherstburg Solar Park". Archived from the original on 2010-12-28. Retrieved 2010-12-03.