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Nature of the business (Tables)
3 Months Ended
Mar. 31, 2018
Nature of the business [Abstract]  
Overview of concessional assets
The following table provides an overview of the concessional assets the Company owned as of March 31, 2018:
 
Assets
Type
Ownership
Location
Currency(8)
Capacity
(Gross)
Counterparty
Credit Ratings(9)
COD
Contract
Years
Left (12)
         
Solana
Renewable
(Solar)
100%
Class B(1)
Arizona (USA)
USD
280 MW
A-/A3/A-
4Q 2013
26
         
Mojave
Renewable
(Solar)
100%
California
(USA)
USD
280 MW
BBB+/Baa1/BBB+
4Q 2014
22
         
Solaben 2 & 3
Renewable
(Solar)
70%(2)
Spain
Euro
2x50 MW
A-/Baa1/A-
3Q 2012 &
2Q 2012
20&19
         
Solacor 1 & 2
Renewable
(Solar)
87%(3)
Spain
Euro
2x50 MW
A-/Baa1/A-
1Q 2012 &
1Q 2012
19
         
PS10/PS20
Renewable
(Solar)
100%
Spain
Euro
31 MW
A-/Baa1/A-
1Q 2007 &
2Q 2009
14&16
         
Helioenergy 1 & 2
Renewable
(Solar)
100%
Spain
Euro
2x50 MW
A-/Baa1/A-
3Q 2011&
4Q 2011
19
         
Helios 1 & 2
Renewable
(Solar)
100%
Spain
Euro
2x50 MW
A-/Baa1/A-
3Q 2012&
3Q 2012
20
         
Solnova 1, 3 & 4
Renewable
(Solar)
100%
Spain
Euro
3x50 MW
A-/Baa1/A-
2Q 2010 &
2Q 2010&
3Q 2010
17&17&18
         
Solaben 1 & 6
Renewable
(Solar)
100%
Spain
Euro
2x50 MW
A-/Baa1/A-
3Q 2013
21
         
Seville PV
Renewable
(Solar)
80%(7)
Spain
Euro
1 MW
A-/Baa1/A-
3Q 2006
18
         
Kaxu
Renewable
(Solar)
51%(4)
South Africa
Rand
100 MW
BB/Baa3/BB+(10)
1Q 2015
17
         
Palmatir
Renewable
(Wind)
100%
Uruguay
USD
50 MW
BBB/Baa2/BBB-(11)
2Q 2014
16
         
Cadonal
Renewable
(Wind)
100%
Uruguay
USD
50 MW
BBB/Baa2/BBB-(11)
4Q 2014
17
 
Mini-Hydro
Renewable
(Hydraulic)
100%
Peru
USD
4 MW
BBB+/A3/BBB+
2Q 2012
15
         
ACT
Efficient natural gas
100%
Mexico
USD
300 MW
BBB+/Baa3/BBB+
2Q 2013
15
         
ATN
Transmission
line
100%
Peru
USD
362 miles
BBB+/A3/BBB+
1Q 2011
23
         
ATS
Transmission
line
100%
Peru
USD
569 miles
BBB+/A3/BBB+
1Q 2014
26
         
ATN 2
Transmission
line
100%
Peru
USD
81 miles
Not rated
2Q 2015
15
         
Quadra 1
Transmission
line
100%
Chile
USD
49 miles
Not rated
2Q 2014
17
         
Quadra 2
Transmission
line
100%
Chile
USD
32 miles
Not rated
1Q 2014
17
         
Palmucho
Transmission
line
100%
Chile
USD
6 miles
BBB+/Baa2/BBB+
4Q 2007
20
         
Skikda
Water
34.2%(5)
Algeria
USD
3.5 M
ft3/day
Not rated
1Q 2009
16
         
Honaine
Water
25.5%(6)
Algeria
USD
7 M ft3/
day
Not rated
3Q 2012
20
 
(1)
On September 30, 2013, Liberty Interactive Corporation invested $300,000 thousand in Class A membership interests in exchange for the right to receive between 54.06% and 61.20% of taxable losses and distributions until such time as Liberty reaches a certain rate of return, or the “Flip Date”, and 22.60% of taxable losses and distributions thereafter once certain conditions are met.

(2)
Itochu Corporation, a Japanese trading company, holds 30% of the shares in each of Solaben 2 and Solaben 3.

(3)
JGC, a Japanese engineering company, holds 13% of the shares in each of Solacor 1 and Solacor 2.

(4)
Kaxu is owned by the Company (51%), Industrial Development Corporation of South Africa (29%) and Kaxu Community Trust (20%).

(5)
Algerian Energy Company, SPA owns 49% of Skikda and Sadyt (Sociedad Anónima Depuración y Tratamientos) owns the remaining 16.83%.

(6)
Algerian Energy Company, SPA owns 49% of Honaine and Sadyt (Sociedad Anónima Depuración y Tratamientos) owns the remaining 25.5%.

(7)
Instituto para la Diversificación y Ahorro de la Energía (“IDAE”), a Spanish state owned company, holds 20% of the shares in Seville PV.

(8)
Certain contracts denominated in U.S. dollars are payable in local currency.

(9)
Reflects the counterparty’s credit ratings issued by Standard & Poor’s Ratings Services, or S&P, Moody’s Investors Service Inc., or Moody’s, and Fitch Ratings Ltd, or Fitch.

(10)
Refers to the credit rating of the Republic of South Africa. The offtaker is Eskom, which is a state-owned utility company in South Africa.

(11)
Refers to the credit rating of Uruguay, as UTE (Administración Nacional de Usinas y Transmisoras Eléctricas) is unrated.

(12)
As of December 31, 2017.