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,