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Profile: Atlantica Yield PLC (AY.OQ)

AY.OQ on NASDAQ Stock Exchange Global Select Market

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Atlantica Yield plc, formerly Abengoa Yield plc, incorporated on December 17, 2013, is a total return company. The Company owns, manages, and acquires renewable energy, conventional power, electric transmission lines and water assets, focused on North America (the United States and Mexico), South America (Peru, Chile, Brazil and Uruguay) and Europe, Middle East and Africa (Spain, Algeria and South Africa). The Company's segments include North America, South America and EMEA. The Company operates in business sectors, including renewable energy, conventional power, electric transmission lines and water. As of December 31, 2016, the Company owned or had interests in 21 assets, comprising 1,442 megawatt (MW) of renewable energy generation, 300 MW of conventional power generation, 1,099 miles of electric transmission lines, as well as an exchangeable preferred equity investment in Abengoa Concessoes Brasil Holding S.A. (ACBH).

The renewable energy sector includes the Company's activities related to the production electricity from solar power and wind plants. As of December 31, 2016, the Company's renewable energy assets included two solar plants in the United States, Solana and Mojave, each with a gross capacity of 280 MW and located in Arizona and California, respectively. As of December 31, 2016, the Company owned eight solar platforms in Spain, including Solacor 1 and 2 with a gross capacity of 100 MW; PS10 and PS20 with a gross capacity of 31 MW; Solaben 2 and 3 with a gross capacity of 100 MW; Helioenergy 1 and 2 with a gross capacity of 100 MW; Solnova 1, 3 and 4 with a gross capacity of 150 MW; Solaben 1 and 6 with a gross capacity of 100 MW, and Seville PV with a gross capacity of 1 MW. As of December 31, 2016, the Company also owned a solar plant in South Africa, Kaxu with a gross capacity of 100 MW. As of December 31, 2016, additionally, the Company owned two wind farms in Uruguay, Palmatir and Cadonal, with a gross capacity of 50 MW each.

Solana is a 250 MW solar electric generation facility located in Maricopa County, Arizona, approximately 70 miles southwest of Phoenix. Arizona Solar One LLC owns the Solana project. As of December 31, 2016, Solana included a 22-mile 230 kilo volt (kV) transmission line and a molten salt thermal energy storage system. Mojave is a 250 MW solar electric generation facility located in San Bernardino County, California, approximately 100 miles northeast of Los Angeles. As of December 31, 2016, Palmatir is an on-shore wind farm facility in Uruguay with installed capacity of 50 MW, it had 25 wind turbines and each turbine had a capacity of 2 MW. As of December 31, 2016, Cadonal is an on-shore wind farm facility in Uruguay with installed capacity of 50 MW, it had 25 wind turbines and each turbine had a capacity of 2 MW each.

The Solaben 2 and Solaben 3 are two 50 MW concentrating solar power facilities and are part of its Extremadura Solar Complex. The Solacor 1 and Solacor 2 are two 50 MW concentrating solar power facilities and are part of its El Carpio Solar Complex, located in the municipality of El Carpio, Spain. The Helioenergy 1/2 project is located in Ecija, Spain. Helioenergy evacuates its electricity through an aerial underground line 220 KV from the substation of the plant to a 220 kV line that ends in SET Villanueva Del Rey (owned by Red Electrica de Espana), where the connection point of the plant is located. The Solnova 1/3/4 project is a 150 MW Concentrating Solar Power facility, part of the Sanlucar Solar Platform, located in the municipality of Sanlucar la Mayor, Spain.

The conventional power sector includes its activities related to the production of electricity and steam from natural gas. As of December 31, 2016, the Company's Conventional power asset consisted of ACT, which is a 300 MW cogeneration plant in Mexico and is party to a 20-year take-or-pay contract with Petroleos Mexicanos S.A. de C.V. (Pemex) for the sale of electric power and steam. The electric transmission lines sector consists of the Company's activities related to the operation of electric transmission lines. As of December 31, 2016, the Company's electric transmission assets include three lines in Peru, ATN, ATS and ATN2, spanning a total of 1,012 miles and three lines in Chile, Quadra 1, Quadra 2 and Palmucho, spanning a total of 87 miles.

As of December 31, 2016, the ACT plant was a gas-fired cogeneration facility with a rated capacity of approximately 300 MW and between 550 and 800 metric tons per hour of steam and it also included a substation and an approximately 52 mile and 115-kilowatt transmission line. ATN, or the ATN Project, in Peru is part of the SGT (Sistema Garantizado de Transmision), which includes all transmission line concessions allocated by a bidding process by the government. ABY Transmision Sur, or ATS Project, in Peru is part of the Guaranteed Transmission System, or (Sistema Garantizado de Transmision), which includes all transmission line concessions allocated by a bidding process by the government.

Transmisora Mejillones, or Quadra 1, is a 49-miles transmission line project and Tranmisora Baquedano, or Quadra 2, is a 32-miles transmission line project, each connected to the Sierra Gorda substations. ATN 2, in Peru, is part of the Complementary Transmission System, or Sistema Complementario de Transmision (SCT). Kaxu Solar One, or Kaxu, is a 100MW solar Conventional Parabolic Trough Project located in Paulputs in the Nothern Cape Province of South Africa, approximately 30 kilometers (km) north east of the small town of Pofadder. The Solaben 1&6 is a 100 MW Concetrated Solar Power facility part of the Extremadura Solar Platform, located in the municipality of Logrosan, Spain.

In addition, the Company owns a preferred equity investment in ACBH that is engaged in the development, construction, investment and management of contracted concessions in Brazil, consisting mostly of electric transmission lines. The water sector includes the Company's activities related to desalination plants. As of December 31, 2016, the Company's water assets included a minority interest in two desalination plants in Algeria, Honaine and Skikda with an aggregate capacity of approximately 10.5-meter cubic feet (M ft3) per day. The Honaine project is a water desalination plant located in Taffsout, Algeria, near three cities: Oran, to the northeast, and Sidi Bel Abbes and Tlemcen, to the southeast. The Skikda project is a water desalination plant located in Skikda, Algeria. Skikda is located 510 km east of Alger.

Company Address

Atlantica Yield PLC

Great West House
Gw1, 17Th Floor, Great West Road
BRENTFORD     TW8 9DF
P: +4420.70984384

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