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Nature of the business (Tables)
9 Months Ended
Sep. 30, 2020
Nature of the business [Abstract]  
Overview of main assets
The following table provides an overview of the main assets the Company owned or had an interest in as of September 30, 2020:

Assets
Type
Ownership
Location
Currency(9)
Capacity
(Gross)
Counterparty
Credit Ratings(10)
COD*
Contract
Years
Left(14)
         
Solana
Renewable
(Solar)
100%
Arizona
(USA)
USD
280 MW
A-/A2/A-
2013
24
         
Mojave
Renewable
(Solar)
100%
California
(USA)
USD
280 MW
BB-/WR/BB
2014
20
         
Chile PV I
Renewable
(Solar)
35%(8)
Chile
USD
55 MW
N/A
2016
N/A
         
Solaben 2 & 3
Renewable
(Solar)
70%(1)
Spain
Euro
2x50 MW
A/Baa1/A-
2012
18/17
         
Solacor 1 & 2
Renewable
(Solar)
87%(2)
Spain
Euro
2x50 MW
A/Baa1/A-
2012
17/17
         
PS10/PS20
Renewable
(Solar)
100%
Spain
Euro
31 MW
A/Baa1/A-
2007&
2009
12/14

Helioenergy 1 & 2
Renewable
(Solar)
100%
Spain
Euro
2x50 MW
A/Baa1/A-
2011
17/17
         
Helios 1 & 2
Renewable
(Solar)
100%
Spain
Euro
2x50 MW
A/Baa1/A-
2012
18/18
         
Solnova 1, 3 & 4
Renewable
(Solar)
100%
Spain
Euro
3x50 MW
A/Baa1/A-
2010
15/15/16
         
Solaben 1 & 6
Renewable
(Solar)
100%
Spain
Euro
2x50 MW
A/Baa1/A-
2013
19/19
         
Seville PV
Renewable
(Solar)
80%(6)
Spain
Euro
1 MW
A/Baa1/A-
2006
16
         
Kaxu
Renewable
(Solar)
51%(3)
South
Africa
Rand
100 MW
BB-/Ba1/
BB(11)
2015
15
         
Palmatir
Renewable
(Wind)
100%
Uruguay
USD
50 MW
BBB/Baa2/BBB-(12)
2014
14
         
Cadonal
Renewable
(Wind)
100%
Uruguay
USD
50 MW
BBB/Baa2/BBB-(12)
2014
15
         
Melowind
Renewable
(Wind)
100%
Uruguay
USD
50 MW
BBB/Baa2/BBB-
2015
16
         
Mini-Hydro
Renewable
(Hydraulic)
100%
Peru
USD
4 MW
BBB+/A3/BBB+
2012
13
         
ACT
Efficient
natural gas
100%
Mexico
USD
300 MW
BBB/ Ba2/
BB-
2013
13
         
Monterrey
Efficient
natural gas
30%
Mexico
USD
142 MW
Not rated
2018
19
         
ATN (13)
Transmission
line
100%
Peru
USD
379 miles
BBB+/A3/BBB+
2011
21
         
ATS
Transmission
line
100%
Peru
USD
569 miles
BBB+/A3/BBB+
2014
24
         
ATN 2
Transmission
line
100%
Peru
USD
81 miles
Not rated
2015
13
         
Quadra 1/2
Transmission
line
100%
Chile
USD
49 miles/
32 miles
Not rated
2014
15/15
         
Palmucho
Transmission
line
100%
Chile
USD
6 miles
BBB+/Baa1/
A-
2007
18
         
Chile TL3
Transmission
line
100%
Chile
USD
50 miles
A+/A1/A
1993
Regulated
         
Skikda
Water
34.2%(4)
Algeria
USD
3.5 M
ft3/day
Not rated
2009
14
         
Honaine
Water
25.5%(5)
Algeria
USD
7 M ft3/
day
Not rated
2012
18
         
Tenes
Water
51%(7)
Algeria
USD
7 M ft3/
day
Not rated
2015
20

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

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

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

(4)          Algerian Energy Company, SPA owns 49% of Skikda and Sacyr Agua, S.L. owns the remaining 16.83%.

(5)          Algerian Energy Company, SPA owns 49% of Honaine and Sacyr Agua, S.L. owns the remaining 25.5%.

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

(7)          Algerian Energy Company, SPA owns 49% of Tenes.

(8)           65% of the shares in Chile PV I is held by a renewable energy platform in Chile.

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

(10)        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.

(11)        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.

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

(13)        Including the acquisition of ATN Expansion 1 & 2.

(14)        As of December 31, 2019.

(*)          Commercial Operation Date.