HA Sustainable Infrastructure Capital, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Equity Method Investments (Tables)

Equity Method Investments (Tables)

12 Months Ended

Dec. 31, 2017

The following is a summary of the consolidated financial position and results of operations of our investments accounted for using the equity method. As discussed in Note 2, we have elected to recognize earnings from these investments one quarter in arrears to allow for the receipt of financial information. We have included below the latest information that is available.


	Buckeye Wind Energy Class B Holdings, LLC			MM Solar Parent, LLC		Helix Fund I, LLC		Other investments ⁽¹⁾		Total
	(in millions)
Balance Sheet
As of September 30, 2017
Current assets	$	4		$	4	$	1	$	116	$	125
Total assets		287			87		28		2,775		3,177
Current liabilities		1			5		—		61		67
Total liabilities		8			37		—		274		319
Members’ equity		279			50		28		2,501		2,858
As of December 31, 2016
Current assets		5			3		—		138		146
Total assets		297			88		11		2,785		3,181
Current liabilities		1			4		—		40		45
Total liabilities		7			39		—		256		302
Members’ equity		290			49		11		2,529		2,879
Income Statement
For the nine months ended September 30, 2017
Revenue		9			9		2		264		284
Income from continuing operations		(5	)		4		1		31		31
Net income		(5	)		4		1		31		31
For the year ended December 31, 2016
Revenue		13			12		—		282		307
Income from continuing operations		(6	)		5		—		26		25
Net income		(6	)		5		—		26		25
For the year ended December 31, 2015
Revenue		5			13		—		292		310
Income from continuing operations		(9	)		6		—		63		60
Net income		(9	)		6		—		63		60

⁽¹⁾	Represents aggregated financial statement information for investments not separately presented.

Renewable Energy Projects [Member]

Schedule of Equity Method Investments

As of December 31, 2017, we held the following equity method investments:


Investment Date	Investee	Carrying Value
		(in millions)
Various	Northern Frontier, LLC	$	127
Various	Vento I, LLC		119
December 2015	Buckeye Wind Energy Class B Holdings, LLC		68
October 2016	Invenergy Gunsight Mountain Holdings, LLC		37
June 2016	MM Solar Parent, LLC		29
Various	Helix Fund I, LLC		25
Various	Other transactions		118

	Total equity method investments	$	523