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SEC Filings
10-K
TERRAFORM POWER, INC. filed this Form 10-K on 07/21/2017
Entire Document
 

The following tables summarize the renewable energy facilities acquired by the Company from SunEdison through a series of transactions during the years ended December 31, 2016, 2015 and 2014:
 
 
 
 
 
 
Year Ended December 31, 2016
 
As of December 31, 2016
Facility Category
 
Type
 
Location
 
Nameplate Capacity (MW)
 
Number of Sites
 
Cash Paid1
 
Cash Due to SunEdison2
 
Debt Assumed
 
Debt Transferred3
Distributed Generation
 
Solar
 
U.S.
 
1.2

 
3

 
$
2,750

 
$

 
$

 
$

Utility
 
Solar
 
U.S.
 
18.0

 
1

 
36,231

 

 

 

Total
 
 
 
 
 
19.2

 
4

 
$
38,981

 
$

 
$

 
$

————
(1)
Represents the total amount paid to SunEdison. Excludes aggregated tax equity partner payments of $1.6 million to SunEdison.
(2)
All amounts have been paid to SunEdison for these renewable energy facilities as of December 31, 2016.
(3)
$16.7 million of construction debt existed for one of the renewable energy facilities as of the acquisition date. This debt was fully repaid by SunEdison during the third quarter of 2016 using cash proceeds paid by the Company to SunEdison for the acquisition of the facility.

 
 
 
 
 
 
Year Ended December 31, 2015
 
As of December 31, 2015
Facility Category
 
Type
 
Location
 
Nameplate Capacity (MW)
 
Number of Sites
 
Cash Paid1
 
Cash Due to SunEdison2
 
Debt Assumed3
 
Debt Transferred4
Distributed Generation
 
Solar
 
U.S.
 
91.5

 
74

 
$
155,573

 
$
2,600

 
$

 
$

Residential
 
Solar
 
U.S.
 
12.9

 
1,806

 
25,053

 

 

 

Utility
 
Solar
 
U.S.
 
54.8

 
9

 
69,868

 
14,341

 

 
14,475

Utility
 
Solar
 
U.K.
 
214.3

 
14

 
150,595

 

 
205,587

 

Utility
 
Wind
 
U.S.
 
200.0

 
1

 
127,000

 

 

 

Total
 
 
 
 
 
573.5

 
1,904

 
$
528,089

 
$
16,941

 
$
205,587

 
$
14,475

————
(1)
Represents the amount paid to SunEdison as of December 31, 2015. Excludes aggregated tax equity partner payments of $363.6 million to SunEdison, of which $0.7 million was refunded to the respective tax equity partner for one of the acquired projects in 2016.
(2)
Represents commitments by the Company to SunEdison for the amount required for SunEdison to complete the construction of renewable energy facilities acquired from SunEdison, which was paid to SunEdison during the first quarter of 2016. Excludes tax equity partner payments of $9.2 million due to SunEdison, which were paid during the first quarter of 2016.
(3)
Represents debt that was assumed by the Company as of the acquisition date of these facilities which was subsequently refinanced on November 6, 2015 (see Note 11. Long-term Debt).
(4)
Represents debt recorded on the Company's balance sheet as of December 31, 2015. This debt was repaid by SunEdison during the first quarter of 2016 using cash proceeds paid by the Company and the tax equity partner to SunEdison for the acquisition of these facilities.

 
 
 
 
 
 
Year Ended December 31, 2014
 
As of December 31, 2014
Facility Category
 
Type
 
Location
 
Nameplate Capacity (MW)
 
Number of Sites
 
Cash Paid1
 
Cash Due to SunEdison2
 
Debt Assumed3
 
Debt Transferred
Distributed Generation
 
Solar
 
U.S.
 
25.7

 
21

 
$
33,386

 
$
11,854

 
$

 
$

Utility
 
Solar
 
U.K.
 
50.0

 
2

 
32,181

 

 
61,982

 

Total
 
 
 
 
 
75.7

 
23

 
$
65,567

 
$
11,854

 
$
61,982

 
$

————
(1)
Represents the amount paid to SunEdison as of December 31, 2014. Excludes aggregated tax equity partner payments of $17.2 million to SunEdison.
(2)
Represents commitments by the Company to SunEdison for the amount required for SunEdison to complete the construction of renewable energy facilities acquired from SunEdison. $8.0 million was paid to SunEdison during 2015 and $3.9 million was paid to SunEdison during the first quarter of 2016. Excludes tax equity partner payments of $2.1 million due to SunEdison and subsequently paid.
(3)
Represents debt that was assumed by the Company as of the acquisition date of these facilities which was subsequently refinanced on November 6, 2015 (see Note 11. Long-term Debt).


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