EFTA01366584.pdf

Amendment #4 Page 155 of 868 style of toi osrency options, to mirunue our net exposure to currency fluctuations Specifical/y. we intend to utilize these instrurnercs to mitigate ea nsk exposure to currency fluctuations on a rceirg three-year bass with regard to our protectedCAM To the extern trot sigulcant debt is denominated in currencies other than local currency, we have lasted our currency risk with respect loos project-level longterm debt by erterirg rto (wed currency rate swap agreements trot imit our foreign exchange exposure Interest rates As of March 31, 2015, our long-term debt was borrowed at variable interest rates In the future. we expect a substantial amount of our corporate and proect-level capital struckre win also be financed with vanatte rate debt or similar arrangements We also expect that we will refinance Our debt from brae to time. if we nets variable rate debt or refsnarce our fixed rate debt. changes in nterest rates could have an adverse effect on ott cost of capital. To limit our interest rate risk with respect to our protect- lever long-term varoble rate debt. we teve entered into interest rate swap agreements Gov.nment Ncendisa Each of the markets in which we expect to operate has established venous incentwes and fnancial mecharssms to stppdt rernbursemertscfre cost of and accelerate the adopt on a renewable energy These incentwes help cata yze private sector invesorm es min renewable energy and efficiency measures arid are described n further detail under 'Bus ness—Gover rrnent incentives' in this prospectus. Such incentives are generally in the form el feed-n tariffs and other pagans designed to facilitate the devercpmere trancing and operation of renewable energy projects, inciuding solar arid wind energy The incentives are aimed at reducrig the development costs of renewable energy projects or providing favorable contract prices for such renewable energy Our operations bereft from these governrvent incentives and arty adverse change or terminator of these incentwes *dad have a material adverse effect on our baness. financial cordibdi results of operations and cash flows. In additon a loss or reducton in such incentives may decrease the attractmmess of rerewable energy protects to developers. Inc ludng SunEdiscn, wench could reduce our acquisition opporkrolies Key metrics Operating metrics Megawatt capenty We measure the electncity.generabng production capacity of our power generat on assets in net megawatt capacity (measured in direct current, or 'DC; with respect to solar generation assets, and atterndrog osrent. or 'AC.' with respect to wird and hydro-electnc generation assets) Net megawatt capacity, or net capacity. represents vie rated generation capacity at Stiridard test conditions CS a protect mafioso by our percentage of eC0rOMC OvenerShip Of such ',meet as of the relevant date Rated capacity a me expected maximum output a power generation system can produce wile out exceeding its design hot The size of our power generation assets vanes ugnicanny wrong the assets composing our portfolio We believe the aggregate nee megawatt caprice/ of our portfolio is incicauve of our veered production capacity and period-to-period comparisons of out net megawatt apache are indicative of the growth rate d our business Prqect avanabety Project available/ refers to the actual amount of time a power generabn asset is available to produce Mee:dicey dmded by the amours of time during the deft red measurement period, after excluding the dation of events, such as anticipated maintenance and interconnection weerrupeons We track project availability as a measure of the operational dfcency of our business 147 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-0058112 CONFIDENTIAL SDNY_GM_00204296 EFTA01366584