"During the first quarter, the team continued our exceptional record of balancing operational execution while accomplishing our strategic initiatives. On the operations front, the team delivered 273 MW, a first quarter record, while also achieving new records in our pipeline, backlog, and projects under construction," said Ahmad Chatila, Chief Executive Officer. "Our asset ownership platform, TerraForm Power, increased its CAFD and dividend guidance as it reached 1.7 GW of operating assets. In addition, we closed the First Wind acquisition, while making significant progress on our strategic emerging market initiatives."

Quarterly Review:

• All-Time MW Records for Q1
  • 273 MW Total; up 123 MW Y/Y
  • 2.9 GW of backlog additions net of losses; 2.7 GW of gross pipeline additions; 774 MW under construction at quarter end
• Execution on M&A; Successful Launch of Wind Platform
  • Closed First Wind in January
  • Announced the Atlantic Power acquisition on April 1
  • Multiple announcements today supporting Emerging Markets initiatives
• TerraForm Power Continues to Deliver
  • $225 million 2015 CAFD guidance; up from $214 million
  • $1.35 dividend per share guidance for 2015; up from $1.30
  • 1,675 MW of operating assets as of quarter end; up 70% Q/Q
  • 167 MW of drop downs from SUNE in Q1

Renewable Energy Development - Operating Metrics