Nature of the business (Tables)

3 Months Ended

Mar. 31, 2019

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, 2019:

Assets	Type	Ownership	Location	Currency(8)	Capacity (Gross)	Counterparty Credit Ratings(9)	COD*		Contract Years Left (13)
Solana	Renewable (Solar)	100% Class B(1)	Arizona (USA)	USD	280 MW	A-/A2/A-	2013			25
Mojave	Renewable (Solar)	100%	California (USA)	USD	280 MW	D/WR/WD		2014		21
Solaben 2 & 3	Renewable (Solar)	70%(2)	Spain	Euro	2x50 MW	A-/Baa1/A-		2012		19/18
Solacor 1 & 2	Renewable (Solar)	87%(3)	Spain	Euro	2x50 MW	A-/Baa1/A-		2012		18/18
PS10/PS20	Renewable (Solar)	100%	Spain	Euro	31 MW	A-/Baa1/A-		2007&2009		13/15
Helioenergy 1 & 2	Renewable (Solar)	100%	Spain	Euro	2x50 MW	A-/Baa1/A-		2011		18/18
Helios 1 & 2	Renewable (Solar)	100%	Spain	Euro	2x50 MW	A-/Baa1/A-		2012		19/19
Solnova 1, 3 & 4	Renewable (Solar)	100%	Spain	Euro	3x50 MW	A-/Baa1/A-		2010	16/16/17
Solaben 1 & 6	Renewable (Solar)	100%	Spain	Euro	2x50 MW	A-/Baa1/A-		2013		20/20
Kaxu	Renewable (Solar)	51%(4)	South Africa	Rand	100 MW	BB/Baa3/ BB+(10)		2015		16
Palmatir	Renewable (Wind)	100%	Uruguay	USD	50 MW	BBB/Baa2/BBB-(11)		2014		15
Cadonal	Renewable (Wind)	100%	Uruguay	USD	50 MW	BBB/Baa2/BBB-(11)		2014		16
Melowind	Renewable (Wind)	100%	Uruguay	USD	50MW	BBB/Baa2/BBB-		2015		17
Mini-Hydro	Renewable (Hydraulic)	100%	Peru	USD	4 MW	BBB+/A3/ BBB+		2012		14
ACT	Efficient natural gas	100%	Mexico	USD	300 MW	BBB+/ Baa3/BBB-		2013		14
ATN (12)	Transmission line	100%	Peru	USD	365 miles	BBB+/A3/BBB+		2011		22
ATS	Transmission line	100	Peru	USD	569 miles	BBB+/A3/BBB+		2014		25
ATN 2	Transmission line	100	Peru	USD	81 miles	Not rated		2015		14
Quadra 1	Transmission line	100%	Chile	USD	49 miles	Not rated		2014		16
Quadra 2	Transmission line	100%	Chile	USD	32 miles	Not rated		2014		16
Palmucho	Transmission line	100%	Chile	USD	6 miles	BBB+/Baa1/ BBB+		2007		19
Chile TL3	Transmission line	100%	Chile	USD	50 miles	A+/A1/A+		1993	Regulated
Skikda	Water	34.2%(5)	Algeria	USD	3.5 M ft3/day	Not rated		2009		15
Honaine	Water	25.5%(6)	Algeria	USD	7 M ft3/ day	Not rated		2012		19
Seville PV	Renewable (Solar)	80%(7)	Spain	Euro	1 MW	A-/Baa1/A-		2006		17

 (1) On September 30, 2013, Liberty Interactive Corporation agreed to invest $300 million in Class A shares of ASO Holdings Company LLC, the holding company of Solana, in exchange for a share of the dividends and the taxable losses generated by Solana.

(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 Sacyr Agua, S.L. owns the remaining 16.83%.

(6) Algerian Energy Company, SPA owns 49% of Honaine and Sacyr Agua, S.L. 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) Including the acquisition of ATN expansion 1.

(13) As of December 31, 2018.

(*)      Commercial Operation Date.