Skyline Clean Energy Fund Acquires Four Solar Assets in Guelph, Ontario

On August 6^th 2025, Skyline Clean Energy Fund (“SCEF” or “Fund”) expanded its solar asset footprint in Canada with the purchase of four rooftop solar assets located in Guelph, Ontario. The accretive acquisition adds 908 kilowatts (kW/DC)¹ of total generation capacity to the portfolio and is expected to generate over $627,000 in annual revenue for the Fund.

The assets operate under a fixed-price government backed Feed-In Tariff (FIT 1) contract. These contracts provide the Fund with a fixed rate of revenue per kilowatt-hour (kWh) of electricity generated, with approximately eight years remaining on the contract as of the closing date. This structure supports a stable and continual source of long-term cash flow.

“This acquisition meaningfully strengthens the Fund’s solar energy portfolio and supports our mandate of investing in revenue-generating renewable infrastructure backed by long-term offtake contracts with creditworthy counterparties,” said Rob Stein, President, SCEF. “We’re continuing to identify solar projects with strong potential returns like these rooftop solar assets that align with our long-term growth strategy.”

Post-acquisition, SCEF now hosts 84 active individual solar projects and 2 biogas assets with a total generation capacity across the portfolio of 94,716 kW/DC². Since each project in the recently acquired portfolio benefits from a FIT 1 contract, they are eligible for the Fund’s repowering strategy. This process is designed to extend asset life and significantly enhance long-term returns.

According to the latest statistics provided by Canadian Renewable Energy Association (CanREA), Canada’s solar energy capacity grew 92% in the past five years.³ This growth was roughly 163% greater than wind, which expanded by 35% over the same period. The gap underscores solar’s advantages in all-weather energy generation, its lower capital requirements for commercial-scale deployment, and its minimal environmental impact.

¹ KW/DC: Kilowatt of direct current energy; a unit measurement of the output of power.
² Total generation capacity includes the Fund’s biogas assets, which comprise approximately 31% of aggregate portfolio assets.
³ Canadian Renewable Energy Association, CanREA marks fifth anniversary with special industry data report

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About Skyline

Skyline is a capital management company that acquires, develops, and manages real estate properties and renewable infrastructure assets, and offers them as private alternative investment products.

Skyline currently manages more than $9 billion* in assets across its real estate and renewable infrastructure platforms.

With approximately 1,000 employees across Canada, Skyline works to provide safe, clean, and comfortable places for tenants to call home, great places to do business, sustainable solutions for a greener future, and an engaging experience for its investors.

For more information about Skyline, please visit SkylineGroupOfCompanies.ca.

*As at June 30, 2025

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