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SEC Filings

10-K
TERRAFORM GLOBAL, INC. filed this Form 10-K on 12/21/2016
Entire Document
 

Power Plant Name
Country
Power Plant Type
Gross Nameplate Capacity (MW) (1)
Net Capacity based on share of Economic Ownership (MW)(2)
Net Capacity based on share of Equity Ownership
(MW)
(2)
# of Sites
Weighted Average Remaining Duration of PPA (Years)(3)
Portfolio as of December 31, 2015
 
 
 
 
 
Salvador
Brazil
Wind
203.2
203.2
203.2
9
16
Bahia
Brazil
Wind
103.5
103.5
103.5
5
16
Dunhuang
China
Solar
18.0
18.0
18.0
1
16
Honiton
China
Wind
148.5
148.5
148.5
3
13
SE 25(4)
India
Solar
25.0
25.0
1
20
NSM 24
India
Solar
24.0
24.0
24.0
1
21
Focal
India
Solar
23.0
23.0
11.3
2
24
NSM Suryalabh
India
Solar
39.0
39.0
19.1
1
23
NSM Sitara
India
Solar
31.0
31.0
15.2
1
23
NSM L’Volta
India
Solar
26.0
26.0
12.7
1
23
Millenium(4)
India
Solar
9.3
9.3
5.9
1
20
Brakes
India
Solar
7.7
7.7
5.4
1
13
Raj 5
India
Solar
5.0
5.0
5.0
1
20
ESP Urja(4)
India
Solar
5.0
3.7
3.7
1
20
Azure(4) 
India
Solar
5.0
3.7
3.7
1
20
Hanumanhatti
India
Wind
50.4
50.4
50.4
1
15
Gadag
India
Wind
31.2
31.2
31.2
1
12
Bhakrani
India
Wind
20.0
20.0
20.0
1
22
Silverstar Pavilion
Malaysia
Solar
10.0
5.1
4.8
2
18
Fortune 11
Malaysia
Solar
5.1
4.8
2.4
1
18
Corporate Season
Malaysia
Solar
4.0
2.5
1.9
1
18
Boshof
South Africa
Solar
65.9
33.6
33.6
1
18
Witkop
South Africa
Solar
32.9
16.8
16.8
1
17
Soutpan
South Africa
Solar
31.0
15.8
15.8
1
17
PP Solar
Thailand
Solar
3.6
3.6
3.6
3
28
Total Portfolio as of December 31, 2015
927.3
854.4
759.8
43
17
 
 
 
 
 
 
Subsequent Additions
 
 
 
 
 
NPS Star
Thailand
Solar
18.0
17.8
8.7
3
24
WXA
Thailand
Solar
17.8
17.8
8.7
3
24
Alto Cielo
Uruguay
Solar
26.4
26.4
26.4
1
27
Add'l 51% equity of NSM Suryalabh(5)
India
Solar
 
 
19.9
N/A
N/A
Add'l 51% equity of NSM Sitara(5)
India
Solar
 
 
15.8
N/A
N/A
Add'l 51% equity of NSM L'Volta(5)
India
Solar
 
 
13.3
N/A
N/A
Add'l 11% equity of Millenium (6)
India
Solar
 
 
1.0
 
 
Add'l 51% equity of Focal (6)
India
Solar
 
 
11.8
 
 
Total Subsequent Additions
62.2
62.0
105.6
7
29
Total Portfolio as of October 31, 2016
989.5
916.4
865.4
50
17
(1) Nameplate capacity represents the maximum generating capacity at standard test conditions of a facility. Revenue in the financial statements is based on nameplate capacity with the exception of unconsolidated businesses.
(2) Net capacity represents the maximum generating capacity at standard test conditions of a power plant multiplied by either the Company’s percentage of economic ownership of that power plant after taking into account any redeemable preference shares and shareholder loans held by the Company or percentage of equity ownership of that power plant, as applicable. In our Form 10-Q for the period ended September 30, 2015, net capacity reflected a combination of equity and economic ownership. Net capacity as of December 31, 2015 has been updated to reflect net capacity based on economic ownership and net capacity based on equity ownership separately.
(3) Calculated as of October 31, 2016. The number represents a weighted average (based on net capacity based on share of economic ownership) of remaining duration.
(4) The PPAs for these power plants prohibit the transfer of a portion (or, in the case of SE 25, any) of the equity interests in the applicable project companies for a specified period of time after the achievement of commercial operation. The remaining equity interests in these project companies are expected to be transferred to the Company following the expiration of the equity lock up period in the applicable PPAs (ranging from November 2016 to March 2017). In the case of SE 25, despite not owning the equity interests in the project company, the Company receives approximately 100% of the economic value of the power plant through the payment to the Company of interest and principal on bonds issued by the project company to the Company.


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