Atlantica Yield - Developer
Atlantica Yield owns, manages and acquires a diversified portfolio of contracted assets in the power and environment sectors.
We operate high-quality facilities recently constructed, with long useful lives. Our long-term contracts with creditworthy counterparties permit us to generate stable and long-term cash-flows. We currently own 20 assets, comprising 1,441 MW of renewable energy generation, 300 MW of conventional power generation, 1,099 miles of electric transmission lines and 10.5 Mft3 per day of water assets.
All of our assets have contracted revenues (regulated revenues in the case of our Spanish assets) with high-quality off-takers. Over 95% of our cash available for distribution is generated from assets with off-takers with an investment-grade rating, the remaining being unrated. Our assets have a weighted average remaining contract life of approximately 22 years as of December 31 2015. Our portfolio is diversified both by business segment and geography. By geography, we are present in North & South America, and certain markets in EMEA.
Our objective is to pay a consistent and growing cash dividend to our shareholders. We target to distribute a very high percentage of our cash available for distribution and will seek to increase such cash dividends over time through the acquisition of additional contracted assets.
