Exhibit 12.1
Abengoa Yield plc
Earnings to Fixed Charges Ratio
Amounts in thousands of U.S. dollars
| Three Months Ended | Year Ended December 31, | |||||||||||||||
| March 31, 2015 | 2014 | 2013 | 2012 | |||||||||||||
| Earnings | ||||||||||||||||
| Pre-tax income from continuing operations before adjustment for income or loss from equity investees; | (17.9 | ) | (24.1 | ) | (13.6 | ) | 4.6 | |||||||||
| Add: | ||||||||||||||||
| Fixed charges | 63.2 | 238.3 | 200.8 | 140.4 | ||||||||||||
| Amortization of capitalized interest | 3.8 | 12.8 | 9.5 | 5.5 | ||||||||||||
| Less | ||||||||||||||||
| Interest capitalized | — | (28.0 | ) | (77.0 | ) | (76.3 | ) | |||||||||
| Earnings-pretax with applicable adjustments | 49.1 | 199.0 | 119.7 | 74.2 | ||||||||||||
| Fixed charges | ||||||||||||||||
| Interest expensed and capitalized | 63.2 | 238.3 | 200.8 | 140.4 | ||||||||||||
| Total fixed charges | 63.2 | 238.3 | 200.8 | 140.4 | ||||||||||||
| Earnings to fixed charges ratio | 0.8 | 0.8 | 0.6 | 0.5 | ||||||||||||
| Deficit | 14.1 | 39.3 | 81.1 | 66.2 | ||||||||||||
