Capstone Infrastructure Corporation Announces the Acquisition of a Portfolio of Wind Projects in Ontario
Capstone Infrastructure Corporation Announces the Acquisition of a Portfolio of Wind Projects in Ontario
TORONTO, Jan. 08, 2021 — Capstone Infrastructure Corporation (TSX: CSE.PR.A) (the “Corporation” or “Capstone”) is pleased to announce its acquisition of 29 MW of operating wind projects, known as the Springwood, Whittington, Napier and Sumac Ridge wind facilities from wpd Europe GmbH (“wpd”).
Capstone acquired the projects with a combination of equity and non-recourse project debt with MUFG Bank, Ltd., Canada Branch and Associated Bank, N.A. The four facilities average 14 years remaining on their power purchase agreements and will be operated and maintained by Capstone’s in-house operations and maintenance team.