The facilities all have long-term contracts with an average remaining life of 20 years. The assets will increase annual cash available for distribution (CAFD) by $5m on an unlevered basis, according to TerraForm.
It says it funded purchase of the projects with cash on hand.
“By providing clean electricity directly to end users, customers save on energy, while TerraForm benefits in the form of attractive project returns,” the company says.
For
