Description of Business and Basis of Presentation (Tables)

8 Months Ended

Aug. 31, 2015

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Summary of Assets Comprise the Partnership's Initial Portfolio

The following table provides an overview of the assets that comprise the Partnership’s initial portfolio (the “Initial Portfolio”):

					Remaining
					Term of
	Commercial				Offtake Agreement
Project	Operation Date(1)	MW(ac)(2)		Counterparty	(in years)(3)
Utility
Maryland Solar	February  2014		20	First Energy Solutions		17.6
Solar Gen 2	November  2014		150	San Diego Gas & Electric		24.3
Lost Hills Blackwell	April  2015		32	City of Roseville/Pacific Gas and Electric	28.3(4)
North Star	June  2015		60	Pacific Gas and Electric		19.8
RPU	October  2015		7	City of Riverside		25.0
Quinto	October  2015		108	Southern California Edison		20.0
Commercial & Industrial
UC Davis	September  2015		13	University of California		20.0
Macy's	October  2015		3	Macy's Corporate Services		20.0
Residential Portfolio	June  2014		39	Approx. 5,900 homeowners(5)	17.1(6)
Total			432

(1) For each utility project that has yet to reach its commercial operation date (“COD”) and for the UC Davis project, COD is the expected COD. For the Macy’s Project, COD represents the expected first date on which all of the solar generation systems within the Macy’s Project will achieve COD. For the Residential Portfolio, COD represents the first date on which all of the residential systems within the Residential Portfolio have achieved COD.

(2) The megawatts (“MW”) for the projects in which the Partnership owns less than a 100% interest or in which the Partnership is the lessor under any sale-leaseback financing are shown on a gross basis. For a description of these ownership arrangements, please read the description under “Business—Tax Equity” in the Prospectus.

(3) Remaining term of offtake agreement is measured from the later of August 31, 2015 or the COD of the applicable project.

(4) Remaining term comprised of 3.3 years on a power purchase agreement (“PPA”) with the City of Roseville, California, followed by a 25-year PPA with Pacific Gas and Electric starting in 2019.

(5) Comprised of the approximately 5,900 solar installations located at homes in Arizona, California, Colorado, Hawaii, Massachusetts, New Jersey, New York, Pennsylvania and Vermont, that is held by SunPower Residential I, LLC and has an aggregate nameplate capacity of 39 MW.

(6) Remaining term is the weighted average duration of all of the residential leases.