D.E. Shaw Renewable Investments (DESRI) is part of a global investment and technology development firm. The investment was structured as a disproportionate-allocation flip partnership in which Bank of America holds the tax equity interest and DESRI holds the sponsor equity interest. The partnership financed North Star Solar, a 100 MW utility scale solar facility in Minnesota. The project achieved commercial operation December 2016 and captures the sun’s energy using over 400,000 PV modules. All of the electricity generated is being purchased pursuant to a long term power purchase agreement. The power generation from the project was enough for approximately 20,000 local homes in its first year of operation.

Estimated annual environmental benefits:

• Global warming metric tons CO2e avoided: 26,000
• Water use avoided (thousands of gallons): 523,000
• Waste avoided (metric tons): 53

Engie is an independent power producer in the U.S. and Canada. The investment was structured as a disproportionate-allocation flip partnership in which Bank of America and two other investors hold the tax equity portion, while Engie holds the sponsor equity interest. The partnership financed Solomon Forks Wind, a 276 MW wind energy project located in Thomas County, Kansas. A majority of the electricity generated by the facility is being sold pursuant to multiple long-term power purchase agreements. The facility will provide decades of clean power to tens of thousands of households and bring economic benefits to the region.

Estimated annual environmental benefits*:

• Global warming metric tons CO2e avoided: 516,000
• Water use avoided (thousands of gallons): 10,502,000
• Waste avoided (metric tons): 1,100

NextEra Energy Resources is the largest owner and operator of wind farms in the U.S. The investment was structured as a disproportionate-allocation flip partnership in which Bank of America and another investor hold the tax equity interest and NextEra holds the sponsor equity interest. The partnership financed Emmons-Logan Wind, a 216.1 MW clean power generation facility composed of 102 wind turbines located in Emmons and Logan counties, North Dakota. The facility achieved commercial operation in December 2019, and all of the electricity generated is being purchased pursuant to a long term power purchase agreement. The facility will provide decades of clean power to tens of thousands of households as well as economic benefits to the region.

Estimated annual environmental benefits*:

• Global warming metric tons CO2e avoided: 187,000
• Water use avoided (thousands of gallons): 3,799,000
• Waste avoided (metric tons): 400

Clearway Energy Group, LLC (Clearway) is a leading developer, owner, operator and servicer of renewable energy assets in the U.S. The investment was structured as a disproportionate-allocation flip partnership in which Bank of America holds the tax equity interest, while Clearway holds the sponsor equity interest. The partnership financed three utility scale solar facilities located on the island of Oahu, Hawaii: Kawailoa, a 49 MWac facility; Waipio, a 45.9 MWac facility; and Mililani, a 14.7 MWac facility. All of the electricity generated by the facilities is being sold pursuant to a long-term power purchase agreement with Hawaiian Electric Company. The power generation from the three facilities is enough for approximately 18,000 Oahu homes per year.

Estimated annual environmental benefits*:

• Global warming metric tons CO2e avoided: 24,000
• Water use avoided (thousands of gallons): 488,000
• Waste avoided (metric tons): 50

Vivint Solar, Inc. is a leading provider of residential solar energy systems in the U.S. The investment was structured as a disproportionate-allocation leveraged flip partnership in which Bank of America holds the tax equity portion while Vivint and another investor hold the sponsor equity portion. The partnership invests exclusively in the purchase of up to 100 MWs of future residential solar systems located on the rooftops of private citizens’ residences across sixteen states. The project will provide decades of clean power to tens of thousands of households.

Estimated annual environmental benefits*:

• Global warming metric tons CO2e avoided: 20,000
• Water use avoided (thousands of gallons): 401,000
• Waste avoided (metric tons): 41