Capstone Infrastructure Company Announces the Acquisition of a Portfolio of Wind Projects in Ontario

Catrina P. Smith

TORONTO, Jan. 08, 2021 — Capstone Infrastructure Company (TSX: CSE.PR.A) (the “Corporation” or “Capstone”) is pleased to announce its acquisition of 29 MW of functioning wind tasks, recognised as the Springwood, Whittington, Napier and Sumac Ridge wind amenities from wpd Europe GmbH (“wpd”).

Capstone obtained the initiatives with a mixture of fairness and non-recourse challenge financial debt with MUFG Lender, Ltd., Canada Department and Related Financial institution, N.A. The four services regular 14 several years remaining on their electric power purchase agreements and will be operated and preserved by Capstone’s in-home operations and upkeep staff.

“These assignments are an excellent addition to Capstone’s portfolio, with very long-existence contracts, positioned in close proximity to various of our existing wind farms which benefit from the exact Senvion MM92 wind turbines. This acquisition furthers our method of leveraging Capstone’s operational and financing abilities to responsibly develop the organization,” David Eva, Main Government Officer, Capstone.

About Capstone Infrastructure Company

Capstone’s mission is to ability society, defend the setting, contribute to communities, and develop value for its shareholders. Capstone owns and operates close to 570 MW internet of mounted capability across 28 facilities in Canada, including wind, hydro, solar, biomass, and pure fuel power plants. Please check out for far more details.

Discover to Audience Particular of the statements contained within just this doc are ahead-hunting and mirror management’s expectations relating to the upcoming development, effects of operations, functionality and enterprise of the Company primarily based on information at the moment available to the Corporation. Forward-looking statements are provided for the objective of presenting facts about management’s latest anticipations and programs relating to the long term and visitors are cautioned that this sort of statements might not be appropriate for other reasons. These statements use forward-wanting text, these kinds of as “anticipate”, “continue”, “could”, “expect”, “may”, “will”, “intend”, “estimate”, “plan”, “believe” or other identical words. These statements are subject to recognised and unknown hazards and uncertainties that may well cause actual benefits or events to differ materially from people expressed or implied by these kinds of statements and, appropriately, should not be read through as ensures of upcoming efficiency or benefits. The ahead-searching statements inside of this document are dependent on data at this time obtainable and what the Corporation presently believes are realistic assumptions.

The forward-searching statements in this document replicate current anticipations of the Corporation as at the date of this doc and speak only as at the date of this doc. Apart from as might be essential by applicable regulation, the Corporation does not undertake any obligation to publicly update or revise any forward-hunting statements.

This doc is not an give or invitation for the membership or buy of or a suggestion of securities. It does not get into account the financial commitment goals, fiscal circumstance and certain wants of any traders. Ahead of producing an investment in the Company, an investor or potential investor should think about irrespective of whether such an investment is ideal to their individual financial commitment needs, targets and economical situation and consult with an expenditure adviser if vital.

Get hold of Data: Capstone Infrastructure Company Andrew Kennedy Chief Fiscal Officer (416) 649-1300 [email protected]


Primary Logo

Next Post

Glatfelter to Obtain Georgia-Pacific’s U.S. Nonwovens Small business for $175 Million

CHARLOTTE, N.C., Jan. 06, 2021 — Glatfelter Corporation (NYSE: GLT), a leading international supplier of engineered elements, these days announced the signing of a definitive agreement to acquire Georgia-Pacific’s U.S. nonwovens company for $175 million, issue to customary put up-closing invest in rate adjustments. Glatfelter will acquire Ga-Pacific’s Mount Holly, […]