Description of Business (Tables)

3 Months Ended

Feb. 28, 2017

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Summary of Assets Comprise the Portfolio

The following table provides an overview of the assets that comprise the Portfolio as of February 28, 2017:

Project	Location	Commercial Operation Date(1)	MW(ac) (2)		Counterparty	Remaining Term of Offtake Agreement (in years)(3)
Utility
Maryland Solar	Maryland	February 2014		20	FirstEnergy Solutions		16.1
Solar Gen 2	California	November 2014		150	San Diego Gas & Electric		22.7
Lost Hills Blackwell	California	April 2015		32	City of Roseville/Pacific Gas and Electric	26.8(4)
North Star	California	June 2015		60	Pacific Gas and Electric		18.3
RPU	California	September 2015		7	City of Riverside		23.6
Quinto	California	November 2015		108	Southern California Edison		18.8
Hooper	Colorado	December 2015		50	Public Service Company of Colorado		18.8
Kingbird	California	April 2016		40	Southern California Public Power Authority(5)		19.2
Henrietta	California	October 2016		102	Pacific Gas and Electric		19.6
Stateline	California	August 2016		300	Southern California Edison		19.5
Commercial & Industrial
UC Davis	California	September 2015		13	University of California		18.5
Macy's California	California	October 2015		3	Macy's Corporate Services		18.7
Macy’s Maryland	Maryland	December 2016		5	Macy's Corporate Services		19.8
Kern(6)	California	June 2017		16	Kern High School District	19.8(7)
Residential Portfolio	U.S. – Various	June 2014		39	Approx. 5,900 homeowners(8)	15.5(9)
Total				945

(1) For the Macy’s California Project, the Macy’s Maryland Project, and the Kern Project, COD represents the first date on which all of the solar generation systems within each of the Macy’s California Project, the Macy’s Maryland Project and the Kern Project, respectively, have achieved or are expected to 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 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. Please read Part I, Item 1. “Business—Tax Equity Financing” of our 2016 10-K for a description of our tax equity structures, which such description reflects the Partnership’s ownership on a net basis.

(3) Remaining term of offtake agreement is measured from the later of February 28, 2017 or the expected COD of the applicable project.

(4) Remaining term comprised of 1.8 years on a PPA with the City of Roseville, California, followed by a 25-year PPA with PG&E starting in 2019.

(5) The Kingbird Project is subject to two separate PPAs with member cities of the Southern California Public Power Authority.

(6) OpCo’s acquisition of the Kern Project is being effectuated in five phases, with the closing of the first phase, reflecting a nameplate capacity of approximately 3 MW, having occurred on January 26, 2016, the closing of the second phase, reflecting a nameplate capacity of approximately 5 MW, having occurred on September 9, 2016, the closing of the third phase, reflecting a nameplate capacity of approximately 5 MW, having occurred on November 30, 2016, the closing of the fourth phase, reflecting a nameplate capacity of approximately 3 MW, having closed on February 24, 2017, and the closing of the Kern Phase 2(c) Assets to occur in the future.

(7) Remaining term is the weighted average duration of the first four phases of the Kern Project.

(8) 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 are held by the Residential Portfolio Project Entity and have an aggregate nameplate capacity of 39 MW.

(9) Remaining term is the weighted average duration of all of the residential leases, in each case measured from February 28, 2017.