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SEC Filings
10-K
TERRAFORM POWER, INC. filed this Form 10-K on 03/07/2018
Entire Document
 

Merger and Sponsorship Transaction provide for Brookfield to appoint our Chief Executive Officer, Chief Financial Officer and General Counsel. These three executive officers are not employees of the Company and their services are provided pursuant to the Brookfield MSA.

Our Board has established an Audit Committee and a Conflicts Committee, consisting of our independent directors. The Conflicts Committee will consider, among other things, matters in which a conflict of interest exists between our company and Brookfield. Our Board has also established a Nominating and Governance Committee, which consists of three directors, one of whom is a director designated by Brookfield and two of whom are independent directors. See Item 10. Directors, Executive Officers and Corporate Governance for further discussion regarding our executive officers, directors and corporate governance.

Changes within Our Portfolio

The following table provides an overview of the changes within our portfolio from December 31, 2016 through December 31, 2017:
 
 
 
 
Net Nameplate Capacity (MW)¹
 
 
 
 
Facility Type
 
 
 Number of Sites
Description
 
 
Total Portfolio as of December 31, 2016
 
 
 
2,983.1

 
2,503

Sale of U.K. Utility Solar Portfolio
 
Solar
 
(208.4
)
 
(14
)
Sale of Fairwinds & Crundale
 
Solar
 
(55.9
)
 
(2
)
Sale of Stonehenge Q1
 
Solar
 
(41.2
)
 
(3
)
Sale of Stonehenge Operating
 
Solar
 
(23.6
)
 
(3
)
Sale of Says Court
 
Solar
 
(19.8
)
 
(1
)
Sale of Crucis Farm
 
Solar
 
(16.1
)
 
(1
)
Sale of Resi 2015 Portfolio 1
 
Solar
 
(8.9
)
 
(1,246
)
Sale of Resi 2014 Portfolio 1
 
Solar
 
(2.8
)
 
(700
)
Total Portfolio as of December 31, 2017
 
 
 
2,606.4

 
533

——————
(1)
Net nameplate capacity represents the maximum generating capacity at standard test conditions of a facility multiplied by the Company's percentage of economic ownership of that facility after taking into account any redeemable preference shares and stockholder loans the Company holds. Our percentage of economic ownership is subject to change in future periods for certain facilities.




























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