EFTA Document EFTA01366579

Amendment #4 Page 150 of 868 1 Mk of control. Management's discussion and analysis of financial condition and results of operations The tocce.ing ciscuss.on canteens rowardlookvx2 statements that . , • . • • •. are staisments- and otter, matte,' ncruded elsewhere in the prospectus The ro'Lowno dscusson (Ara" arena' candlon and roans O1 °potations snow/ bo road in coryunctros win air prodmessols MfarCaloombricid franca' statements and axe notes Motto vicarial elsewhere in the prospectus and our tnaucfrted protons* Ponta( dela as weft as the stfameion presented under 'Summary—Summary hslorice0 and prorates (M00% data.— Selected hate-net °attained Mantua' data- and llnaudtel pro lama OcodenSed loniat datanland Overview We are a highgroveth, gctelly diversified renewable energy company Wet owns lortteim contracted wed, solar and hydro-electric power parts Oa business objects* is to increase our dvidend to stockholders by cortnung to acquire. rpm Sur£dscn and inaftliated third parries, clean power generation assets that produce nigh- quality. long-term contracted cash flows, primarily by serving utility and commercial custcrrers with strong credit prof eies Our Intel target markets will be Owe. Braze, inda. South Afnca, Honduras. Costa PICA Peru, Urug-ey, Malaysia and Thailand. Several of these nerkets, including China, Brazil and Inas, are expected to be among are fastest growirg solar and wind energy markets worIchinde from 2015 to 2020 in terms of amisal netallatcns and capital investment n renewable energy protects. Cur Mat portfolio comets d soar projects located in China, India, South Afnca. Honduras. Uruguay. Malaysm and Thailand wind projects located in China, Braze, India, South Alma, Honduras, Costa Rica and Nicaragua and hydroelectric projects bcafed n Braze and Peru These protects have a total comas-ed capacity of 1,461 MW. and we forecast that they wdl generate an aggregate of 5231 5 million of cash available for distribution for the year ending December 31 2016 Cur inital portfolio inckides 921 7 MIN of projects met we expect to aequre from third parties concurrently wan the completion of this ceenrg or, in certain cases, dining the rerresxler of 2015. All d these projects are supported by PPM with aeditworthy counterpane. The PPM for crofters included in Our initial portfolio have a weighted average remaining Ile of 19 years as of March 31, 2015 We have a well diversified project portfolio. across both geographies and renewable energy tednologes. which we below, enables us to generale consistent quarter!), cash (lows For ex.arroe, projects in our intel portfolio located in any snore ccurtry are not expected to represent more than 30% cS our projected cash available for dignbutOn for the year ending December 31. 2016. Vat intend to rapdy expand and *delay our in portfolio by acquiring ublay-scole solar and common:Tar and industrial dsmouted soar, wind and hydroelectnc power generation ants located in out initial target markets, whch we expect will also have long-term PPM wth crew...only counterparties Wile expect to pursue opnodunt es in other high-growAh emerging markets that NM< cttracterlstcs sinter to (rose of our niter target markets, with a locus on iverkels located n Asa (except Japan), Africa Latin Amenca and Ire Middle East Over time, we rrey selectrrety acqure other clean power generation assets. including natural gas txomass and hybrid energy and storage solutions. as well as trariStiltbOrilines. that (made is to pro.nde power on a 247 basis. as well as to add scam generation assets serves; residential and commercial balding customers 142 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-0058107 CONFIDENTIAL SDNY_GM_00204291 EFTA01366579