Description of Business and Basis of Presentation (Tables)

3 Months Ended

Feb. 29, 2016

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Summary of Assets Comprise the Partnership's Portfolio

The following table provides an overview of the assets that comprise the Partnership’s portfolio (the “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		17.1
Solar Gen 2	November 2014		150	San Diego Gas & Electric		23.7
Lost Hills Blackwell	April 2015		32	City of Roseville/Pacific Gas and Electric	27.8(4)
North Star	June 2015		60	Pacific Gas and Electric		19.3
RPU	September 2015		7	City of Riverside		24.6
Quinto	November 2015		108	Southern California Edison		19.8
Commercial & Industrial
UC Davis	September 2015		13	University of California		19.5
Macy's	October 2015		3	Macy's Corporate Services		19.7
Kern Phase 1(a) Assets	August 2016		3	Kern High School District		20.0
Residential Portfolio	June 2014		39	Approx. 5,900 homeowners(5)	16.5(6)
Total			435

(1) For the Macy’s Project and the Kern Phase 1(a) Assets (as defined below), commercial operation date (“COD”) represents the first date on which all of the solar generation systems within each of the Macy’s Project and the Kern Phase 1(a) Assets, respectively, have achieved COD. Please read “—Note 2—Business Combinations—2016 Acquisitions” for further details on the Kern Phase 1(a) Assets. 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.

(3) Remaining term of offtake agreement is measured from the later of February 29, 2016 or the COD of the applicable project.

(4) Remaining term comprised of 2.8 years on a power purchase agreement (“PPA”) with the City of Roseville, California, followed by a 25-year PPA with Pacific Gas and Electric Company (“PG&E”) 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 (the “Residential Portfolio Project Entity”) and has an aggregate nameplate capacity of 39 MW.

(6) Remaining term is the weighted average duration of all of the residential leases, in each case measured from February 29, 2016.