Content
Strategy
The objective of Green Power is to produce reliable, cost effective electricity via alternative energy sources to ensure stable, relatively predictable cash flow streams for the Fund. Power production by the Green Power segment is supported by long-term PPAs and power swap agreements which serve to mitigate the risk of fluctuating power prices and to stabilize cash flows.
In 2008, Green Power will focus on completing construction of the three new waste heat facilities which are expected to commence operations mid-2008. The Fund's 50% share of the remaining cost of these projects in 2008 is expected to be $4.8 million, which will be funded through the credit facility.