Rooftop solar portfolio offers attractive CAFD profile and predictable drop down flow
The 523 MW of residential solar projects are expected to provide a 10 year average unlevered CAFD of $81 million, and provide a ten-year average levered cash-on-cash yield of 9.
The examples can be found in numerous cases worldwide presenting developed CAFD
systems and software with various intents for automated task solving in the field of fixture design (Bi & Zhang, 2001).
TerraForm Power's ability to exclusively call these operating assets for drop down will support our intention to provide predictable CAFD
and dividend growth for our shareholders for years to come.
Cash purchase price represents a 10-11x multiple on run-rate CAFD
contribution from the project
Such forward-looking statements are subject to certain risks, uncertainties and assumptions, including with respect to the expected increase in annual run-rate CAFD
and the cash-on-cash return from the acquired projects, and typically can be identified by the use of words such as "expect," "estimate," "anticipate," "forecast," "intend," "project," "target," "plan," "believe" and similar terms and expressions.
3 billion of Gross Annualized Unlevered CAFD
from completed projects.
We are adding significant CAFD
through a transaction with a greater than 9% levered cash-on-cash yield, increasing our dividend by 44% and expanding the potential drivers of our long-term growth.
Our existing asset base will also continue to produce increased CAFD
through next year compared to 2015, without any further capital requirements," said Mike Garland, President and CEO of Pattern Energy.
NextEra Energy Partners expects the NET Midstream acquisition to contribute adjusted EBITDA and CAFD
of approximately $145 million to $155 million and $110 million to $120 million, respectively, on an annual run rate basis as of Dec.
Our solid results reflect the strong performance of our high quality solar projects as we achieved our initial expected CAFD
and financial goals for the quarter," said Chuck Boynton, 8point3 Energy Partners CEO.
These assets from Renova, and the associated CAFD
, are part of the original TerraForm Global IPO portfolio described in our IPO prospectus