Size of capital investment program being completed at Bristol Water between 2010 and 2015, which will increase the utility’s regulated capital value.
Net megawatts of installed wind capacity gained through acquisition of Renewable Energy Developers Inc. Number of consecutive years at Cardinal without a lost-time injury.
Number of consecutive years at Cardinal without a lost-time injury.
Our portfolio is increasingly diversified by asset category, fuel source and geographic location. See how Capstone has evolved at: capstoneinfrastructure.com/
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Includes a 50% interest in Bristol Water, a growing, regulated water utility in the United Kingdom, and a 33% interest in Värmevärden, an established district heating business in Sweden. Future investments could include electricity transmission or distribution, or gas utilities. There are currently fewer near-term opportunities in this segment in Canada, shifting Capstone’s emphasis to potential investments in the United States, the United Kingdom, and Northern and Western Europe.
Litres of water supplied daily by Bristol Water
Length of Värmevärden’s distribution network
Growth in Bristol Water’s regulated capital value, or rate base, over the regulatory period from 2010 to 2015
Includes operating gas-fired, wind, biomass, hydro and solar power generation facilities and a pipeline of contracted wind power projects in Canada. Capstone will continue to seek traditional and renewable power investment opportunities. In Canada, the market is slowing following several years of significant activity. Other markets of interest for operating and development-stage projects include the United States, the United Kingdom and Australia.
Net installed capacity
Expected net capacity of wind development projects
Employees directly engaged in the operation and development of our power portfolio
Wind | |
ON | • Erie Shores |
• 3 other facilities | |
NS | • Glace Bay |
• Amherst | |
• Glen Dhu | |
• 4 other facilities | |
Solar | |
ON | • Amherstburg |
Biomass | |
AB | • Whitecourt |
QC | • Chapais |
Gas Cogeneration | |
ON | • Cardinal |
Hydro | |
BC | • Sechelt |
• Hluey Lakes | |
ON | • Wawatay |
• Dryden |
Wind | |
ON | • Skyway 8 |
• Goulais | |
• 4 other projects | |
PQ | • Saint-Philémon |
SK | • Riverhurst |
P3s, a partnership between the private sector and federal, regional or local governments, are an innovative approach to infrastructure development and service delivery, including for transportation, bridges and government buildings such as courthouses or schools. Opportunities for Capstone exist mostly in P3 markets in jurisdictions where the P3 model is well established, such as Canada, the United Kingdom, Western Europe and Australia. In addition, the P3 market is continuing to grow in the United States.
For taxpayers, P3s typically deliver higher long-term infrastructure quality and value for money. For investors, P3s with a strong project rationale offer predictable, government-backed cash flow with limited volatility.
The transportation segment of the infrastructure market, which includes roads, rails and public transportation, offers considerable potential for investment. Over the next four decades, it is estimated that global passenger and freight travel will double over 2010 levels, reflecting increasing urbanization and requiring significant infrastructure renewal and expansion.
In most jurisdictions, more innovative funding and financing approaches are required given government fiscal constraints and competing demands on limited budget resources. Any of Capstone’s targeted geographic regions offer various transportation opportunities.