EFTA01370118.pdf

Portfolio Investment: Wind Portfolio Utility scale, contracted wind power portfolio financing Transaction Summary • The 521 MW wind portfolio is comprised of 5 different wind generation projects (one of which holds 11 separate projects) in Idaho and Oklahoma • The Portfolio benefits from varied turbine technology with contracted off-takers • The Portfolio sells power under long-term contracts with credit worthy ()Makers with a weighted average credit rating of BBB+ that provides fixed, stable cash flows • Cash flows are generated from six different offtakers, dramatically reducing counterparty risk Financing Opportunity Investment Rationale • Acquisition financing to provide sponsor certain funds to purchase the • 100% of revenue is contracted through 2030, providing stable current assets and help crystallize a return. Due to the deal team's strong and future cash flows relationship with the sponsor and expertise, the deal team received an • The Portfolio's PPAs have a weighted average remaining life of over outsized allocation 18 years on a MW basis • Attractive lender protections including a) first lien security over • All projects have been operating for at least three years with very high borrower's assets and shares; b) 100% excess cash flow sweep; and availability factors c) project finance enhancements such as a debt service reserve account • The projects use multiple proven turbine platforms developed by established wind turbine manufacturers including GE, Vestas. Senvion, • The borrower is capitalized —61% debt / 39% equity and Mitsubishi Source: Deutsche AM_ As of July 21. 2016. The photographs depicted above and on subsequent pages are not intended to be representative of all assets in the portfolio. For more information on all assets. including those not shown herein. please contact us. Past performance is not indicative of future results. Deutsche Asset Management Infrastructure Debt Presentation: RIN II Equity March 2018 50 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0062728 CONFIDENTIAL SDNY_GM_00208912 EFTA01370118