Capstone Infrastructure Corporation, formerly known as Macquarie Power & Infrastructure Income Fund (MP&I), is a

Toronto Toronto ( , locally pronounced or ) is the List of the largest municipalities in Canada by population, most populous city in Canada. It is the capital city of the Provinces and territories of Canada, Canadian province of Ontario. With a p ...

Ontario Ontario is the southernmost Provinces and territories of Canada, province of Canada. Located in Central Canada, Ontario is the Population of Canada by province and territory, country's most populous province. As of the 2021 Canadian census, it ...

-based open-ended trust that invests in the following types of power generation such as natural gas cogeneration, wind, hydro, biomass and solar.

Corporate history

Macquarie Power & Infrastructure Income Fund (MP&I) first listed on the

Toronto Stock Exchange The Toronto Stock Exchange (TSX; ) is a stock exchange located in Toronto, Ontario, Canada. It is the List of stock exchanges, 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in th ...

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 and related firms

Regional Power

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

, a subsidiary of

Manulife Financial Manulife Financial Corporation ( French: Financière Manuvie) is a Canadian multinational insurance company and financial services provider headquartered in Toronto, Ontario. The company operates in Canada and Asia as "Manulife" and in the Unite ...

, 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 SunPower Corporation is an American provider of photovoltaic solar energy generation systems and battery energy storage products, primarily for residential customers. The company, headquartered in San Jose, California, was founded in 1985 b ...

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

External links

*{{Official, http://www.capstoneinfrastructure.com/ Electric power companies of Ontario Electric power companies of Canada Companies listed on the Toronto Stock Exchange Companies based in Toronto