POWER AND RENEWABLES OVERVIEW

Significant commitment to growth

Forum is committed to providing growth capital to advance the next generation of power and renewable developers and companies in North America. As global citizens, Forum believes that renewable power will play an ever-increasing role in the future development of our communities and infrastructure. Since our first investment in this market in 2013, we have actively expanded our in-house expertise and committed capital to solar, wind, and transmission projects across North America.

Today, Forum has approximately $250 million of capital committed to power and renewables investments and is actively looking to increase the number of investments in this rapidly growing sector. We seek experienced developers with pipelines of projects requiring capital to advance projects to construction and through to operations. As a developers, we are very comfortable with development projects and work closely to tailor investment solutions to support and advance the project pipeline and unlock growth.

Forum’s renewable power investment platform includes:

  • National Energy Partners: Forum has committed to provide up to USD$15 million in growth financing for National Energy Partners (NEP). Based in New Jersey, NEP is an experienced developer that focuses on rooftop and ground mount distributed solar projects that deliver savings and efficiencies to businesses, schools, and communities across the United States. Forum’s commitment provides development capital and construction equity to fund NEP’s rapidly growing development pipeline.
  • United Wind: Forum has committed USD$200 million of sponsor equity to United Wind, a Brooklyn-based developer of distributed wind projects throughout the United States. Through its unique WindLease structure, United Wind provides homeowners, farms, and businesses with opportunities to install small-scale wind turbines on site, producing clean power and significant electricity savings. In addition to the sponsor equity investment, Forum invested in the corporate equity of United Wind and currently sits on the comany’s board.
  • Empire State Connector: Forum is advancing the Empire State Connector project in New York through a development partnership with a proven high-voltage, direct current (HVDC) transmission development team, oneGRID Corporation. The 1000MW HVDC project allows upstate generators to physically deliver their renewable, “zero emission” power and capacity along a 419 km route directly into New York City.
  • Residential Rooftop Solar: Forum is a leader in residential rooftop solar generation in Ontario. Forum’s residential rooftop portfolio consists of operating solar systems backed by Ontario’s Independent Electricity System Operator 20-year, fixed-rate microFIT contracts.