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SEC Filings
10-K
TERRAFORM POWER, INC. filed this Form 10-K on 03/15/2019
Entire Document
 

Changes within Our Portfolio

The following table provides an overview of the changes within our portfolio from December 31, 2017 through December 31, 2018:
 
 
 
 
Nameplate Capacity (MW)
 
 
 
 
 
 
Facility Type
 
 
 Number of Sites
 
Weighted Average Remaining Duration of PPA (Years)1
Description
 
 
Total Portfolio as of December 31, 2017
 
 
 
2,698

 
533

 
14

Acquisition of Saeta
 
Solar and Wind
 
1,027

 
32

 
14

Acquisition of TEG assets
 
Solar
 
6

 
6

 
11

Acquisition of Tinkham Hill Expansion assets2
 
Solar
 
3

 
1

 
20

Acquisition of IFM assets
 
Solar
 
4

 
3

 
19

Total Portfolio as of December 31, 2018
 
 
 
3,738

 
575

 
13

———
(1)
Represents weighted-average remaining term of power purchase agreements (“PPAs”) and calculated as of December 31, 2017 and December 31, 2018, respectively.
(2)
This asset is expected to achieve its commercial operation date during the second quarter of 2019.

Our Portfolio

Our current portfolio consists of renewable energy facilities located in the United States (including Puerto Rico), Canada, Spain, Chile, Portugal, the United Kingdom and Uruguay with a combined nameplate capacity of 3,738 MW as of December 31, 2018. These renewable energy facilities generally have long-term PPAs with creditworthy counterparties. As of December 31, 2018, on a weighted average basis (based on MW), our PPAs had a remaining life of 13 years and our counterparties to our PPAs had, on average, an investment grade credit rating.

The following table lists the renewable energy facilities that comprise our portfolio as of December 31, 2018:
Facility Category / Portfolio
 
Location
 
Nameplate Capacity (MW)
 
Number of Sites
 
Weighted Average Remaining Duration of PPA (Years)1
Solar Distributed Generation:
 
 
 
 
 
CD DG Portfolio
 
U.S.2
 
77.8

 
42

 
14

DG 2015 Portfolio 2
 
U.S.2
 
48.1

 
30

 
17

U.S. Projects 2014
 
U.S.2
 
45.4

 
41

 
16

DG 2014 Portfolio 1
 
U.S.2
 
44.0

 
46

 
16

TEG
 
U.S.2
 
39.9

 
62

 
10

Hudson Energy Solar
 
U.S.2
 
25.2

 
67

 
11

MA Solar
 
Massachusetts
 
21.1

 
4

 
25

Summit Solar Projects
 
U.S.2
 
19.6

 
50

 
8

U.S. Projects 2009-2013
 
U.S.2
 
15.2

 
73

 
17

SUNE XVIII
 
U.S.2
 
16.1

 
21

 
11

California Public Institutions
 
California
 
13.5

 
5

 
14

Enfinity
 
U.S.2
 
13.2

 
15

 
15

MA Operating
 
Massachusetts
 
12.2

 
4

 
12

Duke Operating
 
North Carolina
 
10.0

 
3

 
13

SunE Solar Fund X
 
U.S.2
 
8.8

 
12

 
15

Summit Solar Projects
 
Ontario
 
3.8

 
7

 
15

MPI
 
Ontario
 
4.7

 
13

 
13

Tinkham Hill Expansion
 
Massachusetts
 
2.5

 
1

 
20



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