|
The following table provides an overview of the main operating assets the
Company owned or had an interest in as of March 31, 2024:
|
Assets
|
Type
|
Ownership
|
Location
|
Currency(9)
|
Capacity
(Gross)
|
Counterparty
Credit Ratings(10)
|
COD*
|
Contract
Years
Remaining(17)
|
|
|
|
|
|
|
|
|
|
|
|
Solana
|
|
100%
|
Arizona (USA)
|
USD
|
280 MW
|
BBB+/Baa1/BBB+
|
2013
|
20
|
| Mojave |
Renewable (Solar)
|
100%
|
California (USA)
|
USD
|
|
BB/ Ba1/BB+
|
2014
|
16
|
|
Coso
|
Renewable (Geothermal)
|
100%
|
California (USA)
|
USD
|
135 MW
|
Investment Grade(11)
|
1987-1989
|
18
|
| Elkhorn Valley(16) |
Renewable (Wind) |
49% |
Oregon (USA) |
USD |
101 MW |
BBB/Baa1/-- |
2007 |
4 |
|
Prairie Star(16)
|
Renewable (Wind)
|
49%
|
Minnesota (USA)
|
USD
|
101 MW
|
--/A3/A-
|
2007
|
4
|
|
Twin Groves II(16)
|
Renewable (Wind)
|
49%
|
Illinois (USA)
|
USD
|
198 MW
|
BBB+/Baa1/--
|
2008
|
2
|
|
Lone Star II(16)
|
Renewable (Wind)
|
49%
|
Texas (USA)
|
USD
|
196 MW
|
N/A
|
2008
|
N/A
|
|
Chile PV 1
|
Renewable (Solar)
|
35%(1)
|
Chile
|
USD
|
55 MW
|
N/A
|
2016
|
N/A
|
|
Chile PV 2
|
Renewable (Solar)
|
35%(1)
|
Chile
|
USD
|
40 MW
|
Not rated
|
2017
|
7
|
|
Chile PV 3
|
Renewable (Solar)
|
35%(1)
|
Chile
|
USD
|
73 MW
|
N/A
|
2014
|
N/A
|
|
La Sierpe
|
Renewable (Solar)
|
100%
|
Colombia
|
COP
|
20 MW
|
Not rated
|
2021
|
12
|
La Tolua
|
Renewable (Solar) |
100% |
Colombia |
COP |
20 MW |
Not rated |
2023 |
9 |
Tierra Linda
|
Renewable (Solar) |
100% |
Colombia |
COP |
10 MW |
Not rated |
2023 |
9 |
Honda 1
|
Renewable (Solar) |
50% |
Colombia |
COP
|
10 MW
|
BBB-/-/BBB
|
2023
|
7 |
Albisu
|
Renewable (Solar) |
100% |
Uruguay |
UYU |
10 MW |
Not rated |
2023 |
14 |
|
Palmatir
|
Renewable (Wind)
|
100%
|
Uruguay
|
USD
|
50 MW
|
BBB+/Baa1/BBB(12)
|
2014
|
10
|
|
Cadonal
|
Renewable (Wind)
|
100%
|
Uruguay
|
USD
|
50 MW
|
BBB+/Baa1/BBB(12)
|
2014
|
11
|
|
Melowind
|
Renewable (Wind)
|
100%
|
Uruguay
|
USD
|
50 MW
|
BBB+/Baa1/BBB(12)
|
2015
|
12
|
|
Mini-Hydro
|
Renewable (Hydraulic)
|
100%
|
Peru
|
USD
|
4 MW
|
BBB-/Baa1/BBB
|
2012
|
9
|
|
Solaben 2 & 3
|
Renewable (Solar)
|
70%(2)
|
Spain
|
Euro
|
2x50 MW
|
A/Baa1/A-
|
2012
|
13/14
|
|
Solacor 1 & 2
|
Renewable (Solar)
|
87%(3)
|
Spain
|
Euro
|
2x50 MW
|
A/Baa1/A-
|
2012
|
13/13
|
|
PS10 & PS20
|
Renewable (Solar)
|
100%
|
Spain
|
Euro
|
31 MW
|
A/Baa1/A-
|
2007&2009
|
8/10
|
|
Helioenergy 1 & 2
|
Renewable (Solar)
|
100%
|
Spain
|
Euro
|
2x50 MW
|
A/Baa1/A-
|
2011
|
13/13
|
|
Helios 1 & 2
|
Renewable (Solar)
|
100%
|
Spain
|
Euro
|
2x50 MW
|
A/Baa1/A-
|
2012
|
13/13
|
|
Solnova 1, 3 & 4
|
Renewable (Solar)
|
100%
|
Spain
|
Euro
|
3x50 MW
|
A/Baa1/A-
|
2010
|
11/11/11
|
|
Solaben 1 & 6
|
Renewable (Solar)
|
100%
|
Spain
|
Euro
|
2x50 MW
|
A/Baa1/A-
|
2013
|
14/14
|
|
Seville PV
|
Renewable (Solar)
|
80%(4)
|
Spain
|
Euro
|
1 MW
|
A/Baa1/A-
|
2006
|
12
|
|
Italy PV 1
|
Renewable (Solar)
|
100%
|
Italy
|
Euro
|
1.6 MW
|
BBB/Baa3/BBB
|
2010
|
7
|
|
Italy PV 2
|
Renewable (Solar)
|
100%
|
Italy
|
Euro
|
2.1 MW
|
BBB/Baa3/BBB
|
2011
|
7
|
|
Italy PV 3
|
Renewable (Solar)
|
100%
|
Italy
|
Euro
|
2.5 MW
|
BBB/Baa3/BBB
|
2012
|
8
|
|
Italy PV 4
|
Renewable (Solar)
|
100%
|
Italy
|
Euro
|
3.6 MW
|
BBB/Baa3/BBB
|
2011
|
7
|
UK Wind 1
|
Renewable (Wind) |
100% |
United Kingdom |
GBP |
25 MW |
AA/Aa3/AA- |
2012 |
9 |
UK Wind 2
|
Renewable (Wind) |
100% |
United Kingdom |
GBP |
8 MW |
AA/Aa3/AA- |
2003 |
4 |
| Kaxu |
Renewable (Solar)
|
51%(5)
|
South Africa
|
Rand
|
100 MW
|
BB-/Ba2/BB-(13) |
2015
|
11
|
| Calgary |
Efficient natural gas &heat
|
100%
|
Canada
|
CAD
|
55 MWt
|
~60% AA- or higher(14) |
2010
|
12
|
| ACT |
Efficient natural gas & heat
|
100%
|
Mexico
|
USD
|
300 MW
|
BBB/B3/B+
|
2013
|
9
|
|
Monterrey (18)
|
Efficient natural gas &heat
|
30%
|
Mexico
|
USD
|
142 MW
|
Not rated
|
2018
|
22
|
|
ATN (15)
|
Transmission line
|
100%
|
Peru
|
USD
|
379 miles
|
BBB-/Baa1/BBB
|
2011
|
17
|
|
ATS
|
Transmission line
|
100%
|
Peru
|
USD
|
569 miles
|
BBB-/Baa1/BBB
|
2014
|
20
|
|
ATN 2
|
Transmission line
|
100%
|
Peru
|
USD
|
81 miles
|
Not rated
|
2015
|
9
|
|
Quadra 1 & 2
|
Transmission line
|
100%
|
Chile
|
USD
|
49 miles/32 miles
|
Not rated
|
2014
|
11/11
|
|
Palmucho
|
Transmission line
|
100%
|
Chile
|
USD
|
6 miles
|
BBB/ -- /BBB+
|
2007
|
14
|
|
Chile TL3
|
Transmission line
|
100%
|
Chile
|
USD
|
50 miles
|
A/A2/A-
|
1993
|
N/A
|
|
Chile TL4
|
Transmission line
|
100%
|
Chile
|
USD
|
63 miles
|
Not rated
|
2016
|
48
|
|
Skikda
|
Water
|
34.20%(6)
|
Algeria
|
USD
|
3.5 M ft3/day
|
Not rated
|
2009
|
10
|
|
Honaine
|
Water
|
25.50%(7)
|
Algeria
|
USD
|
7 M ft3/day
|
Not rated
|
2012
|
13
|
|
Tenes
|
Water
|
51%(8)
|
Algeria
|
USD
|
7 M ft3/day
|
Not rated
|
2015
|
16
|
| (1) |
65%
of the shares in Chile PV 1, Chile PV 2 and Chile PV 3 are indirectly held by financial partners through the renewable energy platform of the Company in Chile.
|
| (2) |
Itochu Corporation holds 30% of the shares in each of Solaben 2 and Solaben 3.
|
| (3) |
JGC holds 13% of the shares in each of
Solacor 1 and Solacor 2.
|
| (4) |
Instituto para la Diversificación y Ahorro de la Energía (“Idae”) holds 20% of the
shares in Seville PV.
|
| (5) |
Kaxu is owned by the Company (51%), Industrial Development Corporation of South Africa (“IDC”, 29%) and Kaxu Community Trust (20%).
|
| (6) |
Algerian Energy Company, SPA owns 49% of Skikda and Sacyr Agua, S.L. owns the remaining 16.8%.
|
| (7) |
Algerian Energy Company, SPA owns 49% of Honaine and Sacyr Agua, S.L. owns the remaining 25.5%.
|
| (8) |
Algerian Energy Company, SPA owns 49% of Tenes. The Company has an investment in Tenes through a secured loan to Befesa Agua Tenes (the holding company of Tenes) and the right to appoint a majority at the board of
directors of the project company. Therefore, the Company controls Tenes since May 31, 2020, and fully consolidates the asset from that date.
|
| (9) |
Certain contracts denominated in U.S. dollars are payable in local currency.
|
| (10) |
Reflects the counterparty’s credit ratings issued by Standard & Poor’s Ratings
Services, or S&P, Moody’s Investors Service Inc., or Moody’s, and Fitch Ratings Ltd, or Fitch. Not applicable (“N/A”) when the asset has no PPA.
|
| (11) |
Refers to the credit rating of two Community Choice Aggregators:
Silicon Valley Clean Energy and Monterrey Bar Community Power, both with A Rating from S&P and Southern California Public Power Authority. The third off-taker is not rated.
|
| (12) |
Refers to the credit rating of Uruguay, as UTE (Administración Nacional de Usinas y Transmisoras Eléctricas) is unrated.
|
| (13) |
Refers to the credit rating of the Republic of South Africa. The
off-taker is Eskom, which is a state-owned utility company in South Africa.
|
|
(14)
|
Refers to the credit rating of a diversified mix of 22 high credit quality clients (~60% AA- rating or
higher, the rest is unrated).
|
|
(15)
|
Including ATN Expansion 1 & 2.
|
|
(16)
|
Part of Vento II Portfolio.
|
| (17) |
As of March 31, 2024.
|
(18)
|
Accounted for as held for sale as of March 31, 2024.
|
| (*) |
Commercial Operation Date. |
|