EFTA01366452.pdf

Amendment #4 Page 23 of 868 able Coppan Stab14 high-quality Posh Mows Our Intel portfolio of pro acts, together with the cal ogle projects that we accaare, veil pone* us with a stable, predictable cash kw male We sell the electricity generated Isi ea projects under PPAs or similar °Make arrangements, such as feedin tarn oroge n:. with credtworow courterpanes As of March 31. 2015 the weighted average (based on megawatts) raranng We of otY PPAs was 19 years Molar projects have navy predictable operating costs. in large part die to solar, wind and hydro electnc facribes having no fuel cost and Wang reliable technology. We intend to ublize foreign exchange and foreign tax strateges ri an effort to mitigate the impact of cross.border costs Finally. based on our Mal portfolio of projects, we do not expect to pay slattern u S federal income taxes in the near term. Relationship Mgt StmEdison. We believe our relationship win our Sponsor ponces is with sauteed benefits, includrg the following. Soong asset development track word Our Sponsor has demonstated a sigh/cart track record in developing both radar and. as a resift of its acquisition id First Wind. wind energy generation facilites. Over the last thee calendar years. our Sponsor h36 constructed solar paver generation assets wed an aggregate capacity of 2.0 GW and, as of March 31. 2015. was constructng adatonal solar power generaton assets expected to have an aggregate capacity of approximately 773.7 MW Our Sponsor has been one of the top three developers and installers of solar energy facilities in the world in each of the past two years based on megawatts instated Our Sponsor has developed over 1.30) solar and wind projects and has completed al of to projects an when it has oorrrnensed corstrucbon, unsexing over 140 protects in our instal target markets In addlon. our Sponsor had a 7 5 GW pipeline d development stage solar and wind projects as of March 31. 2015. including 1.7 GW in as halal and fUure target markets. As of the sans date, our Sponsor employed 3,41:0 people globally. of which over 1,900 were serving as developers and operators of renewable energy dards. Our Spcnsor's operatrg history demonstrates its organic project developmert capabilthes in as initial target markets. We telene our Sponsors relationships, knowledge and employees will facilitate or easy to rapidly Bowe operating projects from of Sponsor in our neat target markets • Waldo, expanence Our Sponsors subsidiary, TerraFonn Power, which owns and operates clean power assets located in the United States and seer select turiSdiCbCre, completed its meal pile offering n Jdy 2014 it‘Mh at Sponsors support, TerraFam Power has raised approximate/ 53.9 billion in acquisition and permanent financing to pursue acquisitions d renewable energy woods tstairg 1.7030 MW as of May 1. 2015 • Proven acouestron everts& In 201a, our Sponsor completed 32 corporate and protect accordions worlderiCe. which included operating projects with an aggregate nameplate capacity of 1.5 GW in 30011CCI, our Sponsor. trough TerraFarn Power, completed the acclimation on January 29.2015 of First Wind's 503 0 MW of operating wind generation assets and 21 1 MW of operabng solar generation assets and 1.66 GW d wind and soar generation assets under develcpmert These acqtniticas include two wholly owned sutsdones of I.-torsion. which provdes our Sponsor with an operating and maintenance platform in China Addlonalty. our Ssonsor's prong acquisition of LAP wilt provide it with a hydro-eledrio development pears in Peru and an operations and nom ere patforrn in Latin Arrenca. We believe our Sponsors wand tarn acquist on expererce and expense web enable us to expand or portfolio through additional acquistions of operating projects from unaffiliated turd partes in our initial target markets. Our ritial portfolio includes two projects tat we have at-cured from third parties Concurrent/9 with this offenng or. in carton cases, dunng the remainder of 2015. we expect to complete seven separate transactions to acquire projects included in as Wel ported*. expanding our geographic footprint and *versifying ow renewable energy technologies 15 http://cfdocs.btogo.com:27638/cf/drv7/pub/edgar/2015/07/20/0001193125-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0057980 CONFIDENTIAL SDNY_GM_00204164 EFTA01366452