Quarterly report pursuant to Section 13 or 15(d)

Energy Assets, Net (Tables)

v3.21.1
Energy Assets, Net (Tables)
 3 Months Ended
Mar. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Energy Assets
Energy assets, net consisted of the following:
  March 31, 2021 December 31, 2020
Energy assets (1)
$ 1,000,085  $ 954,426 
Less - accumulated depreciation and amortization (234,963) (225,048)
Energy assets, net $ 765,122  $ 729,378 
(1) Includes financing lease assets (see Note 6), capitalized interest and ARO assets (see tables below).
Schedule of Depreciation and Amortization Expense of Energy Assets
The following table sets forth our depreciation and amortization expense on energy assets, net of deferred grant amortization:
Three Months Ended March 31,
Location 2021 2020
Cost of revenues (2)
$ 9,686  $ 9,299 
(2) Includes depreciation and amortization on financing lease assets (see Note 6).
Schedule of Capitalized Interest
The following table presents the interest costs relating to construction financing during the period of construction, which were capitalized as part of energy assets, net:
Three Months Ended March 31,
2021 2020
Capitalized interest $ 2,238  $ 862 
Schedule Of Asset And Liabilities Retirement Obligations
The following tables sets forth information related to our ARO assets and ARO liabilities:
Location March 31, 2021 December 31, 2020
ARO assets, net Energy assets, net $ 2,032  $ 1,468 
ARO liabilities, current Accrued expenses and other current liabilities $ 6  $ 86 
ARO liabilities, non-current Other liabilities 2,251  1,561 
Total ARO liabilities $ 2,257  $ 1,647 


Three Months Ended March 31,
2021 2020
Depreciation expense of ARO assets $ 23  $ 19 
Accretion expense of ARO liabilities $ 24  $ 21