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EFTA01366584

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Amendment #4 Page 155 of 868 style of toi osrency options, to mirunue our net exposure to currency fluctuations Specifical/y. we intend to utilize these instrurnercs to mitigate ea nsk exposure to currency fluctuations on a rceirg three-year bass with regard to our protectedCAM To the extern trot sigulcant debt is denominated in currencies other than local currency, we have lasted our currency risk with respect loos project-level longterm debt by erterirg rto (wed currency rate swap agreements trot imit our foreign exchange exposure Interest rates As of March 31, 2015, our long-term debt was borrowed at variable interest rates In the future. we expect a substantial amount of our corporate and proect-level capital struckre win also be financed with vanatte rate debt or similar arrangements We also expect that we will refinance Our debt from brae to time. if we nets variable rate debt or refsnarce our fixed rate debt. changes in nterest rates could have an adverse effect on ott cost of capital. To limit our interest rate risk with respect to our protect- lever long-term varoble rate debt. we teve entered into interest rate swap agreements Gov. nment Ncendisa Each of the markets in which we expect to operate has established venous incentwes and f nancial mecharssms to stppdt rernbursemertscfre cost of and accelerate the adopt on a renewable energy These incentwes help cata yze private sector invesorm es min renewable energy and efficiency measures arid are described n further detail under 'Bus ness—Gover rrnent incentives' in this prospectus. Such incentives are generally in the form el feed-n tariffs and other pagans designed to facilitate the devercpmere trancing and operation of renewable energy projects, inciuding solar arid wind energy The incentives are aimed at reducrig the development costs of renewable energy projects or providing favorable contract prices for such renewable energy Our operations bereft from these governrvent incentives and a

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