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Amendment #4 Page 203 of 868 Tater . . cctattiril, Access to anti experience in mature capital markets Asa publicly listed company in the Unted States, we we have access to a broad investor base well a compettrve settee of capita We Ce'ieve access to this rrerket will accelerate our longterm growth and acquisition strategy and provide us with a oompettme advantage over regional renewable energy developers in our target marketsvihere we may be competes; to acquire assets or development rights We believe that both as Sponsor and TerraForm Power have benefited from trier status as puitecly listed companies in the United States To date. our Sponsor and TermForrn Power have raised an aggregate d 59 4 bean since January 1. 2014, proving them wth the caplet necessary to acquire projects and development platforms to grow TerraForm Powers patrol° of operational renewable energy crowds in mature rrerkets In addition we believe that a public using in the Unted States wet provide transparency to masters regarding our operations that wit help us at arc 'titan caplet Long-lean contracted portfolio. We benefit from a portfolio d relatively newly constructed assets, wth most of the projects in as noel portfolio having achieved COO worn the past five years or expected to reach COO try the end of 2015 The PPAs for projects raided in as Intel portfolio have a wegled average remanng Med 19 years as of March 31, 20t5 The projects in at mbar portfolio and the call nght projects utaze proven and reloads technologes provided by leading equipper! rrankfacturers and as a result, we expect to achieve high project availability and predictable maintenance caplet expenditues eqxvienced management team. Under the Management Services Agreement our Sponsor has committed to provide us with a team of experienced potessonals to serve as cur executive officers and other ley officers. lib expect that certain of these professionals wit provide such services to us on a dedicated tears Our

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