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Description of Business (Tables)
12 Months Ended
Nov. 30, 2017
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 Portfolio as of November 30, 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
 
15.3
 
Solar Gen 2
 
California
 
November 2014
 
150

 
San Diego Gas &
Electric
 
22.0
 
Lost Hills Blackwell
 
California
 
April 2015
 
32

 
City of
Roseville/Pacific
Gas and Electric
 
26.1
(4)
North Star
 
California
 
June 2015
 
60

 
Pacific Gas and
Electric
 
17.6
 
RPU
 
California
 
September 2015
 
7

 
City of Riverside
 
22.8
 
Quinto
 
California
 
November 2015
 
108

 
Southern California
Edison
 
18.0
 
Hooper
 
Colorado
 
December 2015
 
50

 
Public Service
Company of Colorado
 
18.1
 
Kingbird
 
California
 
April 2016
 
40

 
Southern California
Public Power Authority(5)
 
18.4
 
Henrietta
 
California
 
October 2016
 
102

 
Pacific Gas and
Electric
 
18.8
 
Stateline
 
California
 
August 2016
 
300

 
Southern California
Edison
 
18.8
 
Commercial & Industrial
 
 
 
 
 
 
 
 
 
 
 
UC Davis
 
California
 
September 2015
 
13

 
University of
California
 
17.8
 
Macy's California
 
California
 
October 2015
 
3

 
Macy's Corporate
Services
 
17.9
 
Macy’s Maryland
 
Maryland
 
December 2016
 
5

 
Macy's Corporate
Services
 
19.1
 
Kern(6)
 
California
 
September 2017
 
18

 
Kern High School District
 
19.2
(7)
Residential Portfolio
 
U.S. – Various
 
June 2014
 
38

 
Approx. 5,800
homeowners(8)
 
14.8
(9)
Total
 
 
 
 
 
946

 
 
 
 
 

(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, achieved COD. For the Residential Portfolio, COD represents the first date on which all of the residential systems within the Residential Portfolio 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.
(3)
Remaining term of offtake agreement is measured from November 30, 2017.
(4)
Remaining term comprised of 1.1 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 was effectuated in 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 fifth phase, reflecting a nameplate capacity of approximately 2 MW, having closed on June 9, 2017.
(7)
Remaining term is the weighted average duration of the five phases of the Kern Project.
(8)
Comprised of the approximately 5,800 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 38 MW.
(9)
Remaining term is the weighted average duration of all of the residential leases, in each case measured from November 30, 2017.