Capstone Infrastructure Corporation is a

Toronto Toronto ( ; or ) is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the most populous city in Canada and the fourth most populous city in North America. The city is the ancho ...

Ontario Ontario ( ; ) is one of the thirteen provinces and territories of Canada.Ontario is located in the geographic eastern half of Canada, but it has historically and politically been considered to be part of Central Canada. Located in Central Ca ...

-based open-ended trust that invests in the following types of power generation assets: Natural Gas cogeneration, Wind, Hydro, Biomass and Solar. It was formerly known as Macquarie Power & Infrastructure Income Fund.

Corporate History

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. 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.

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."

Subsidiaries & Related Firms

Regional Power

Regional Power In international relations, since the late 20thcentury, the term "regional power" has been used for a sovereign state that exercises significant power within a given geographical region.Joachim Betz, Ian Taylor"The Rise of (New) Regional Powe ...

, a subsidiary of

Manulife Financial Manulife Financial Corporation (also known as Financière Manuvie in Quebec) is a Canadian multinational insurance company and financial services provider headquartered in Toronto, Ontario. The company operates in Canada and Asia as "Manulife" an ...

, 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. 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.

Projects

Operational Power Projects

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 The Ontario Power Authority (OPA) was an independent, non-profit corporation established through the Electricity Restructuring Act, 2004 (Bill 100). Licensed by the Ontario Energy Board, it reported to the Ontario legislature through the Ministry ...

References and footnotes

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External links

Official website
Electric power companies of Canada Companies listed on the Toronto Stock Exchange