Energy Assets, Net (Tables)
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12 Months Ended |
Dec. 31, 2021 |
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| Other Assets [Abstract] |
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| Summary of Energy Assets |
Energy assets, net consisted of the following:
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December 31, |
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2021 |
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2020 |
Energy assets (1)
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$ |
1,120,712 |
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|
$ |
954,426 |
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| Less: accumulated depreciation and amortization |
(264,181) |
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|
(225,048) |
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| Energy assets, net |
$ |
856,531 |
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|
$ |
729,378 |
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(1) Includes financing lease assets (see Note 8), capitalized interest and ARO assets (see tables below). |
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| 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:
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Year Ended December 31, |
| Location |
2021 |
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2020 |
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2019 |
Cost of revenues (1)
|
$ |
43,113 |
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$ |
38,039 |
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$ |
35,543 |
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(1) Includes depreciation and amortization expense on financing lease assets. See Note 8. |
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| 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:
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Year Ended December 31, |
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2021 |
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2020 |
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2019 |
| Capitalized interest |
$ |
2,814 |
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$ |
4,341 |
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$ |
2,966 |
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| Schedule of Energy Liabilities |
The liabilities recognized in association with these ESPC assets were as follows:
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December 31, |
| Location |
2021 |
|
2020 |
| Accrued expenses and other current liabilities |
$ |
245 |
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$ |
229 |
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| Other liabilities |
12,827 |
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|
10,794 |
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| Total ESPC projects liability |
$ |
13,072 |
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$ |
11,023 |
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| Schedule of Asset Acquisitions |
We acquired and closed on the following energy projects:
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December 31, |
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2021 |
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2020 |
| Number of projects |
1 |
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1 |
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Purchase price (1)
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$ |
3,461 |
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$ |
1,251 |
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Remaining deferred purchase consideration on previously closed projects (2)
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$ |
303 |
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$ |
1,446 |
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(1) The 2020 purchase price included cash we paid in the amount of $1,031, issuance of a promissory note payable to the sellers of $204, detailed further in Note 9, and $16 of rollover equity in connection with shares of one of our subsidiaries issued to the sellers. |
| (2) Included in accrued expenses and other current liabilities. |
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| Schedule Of Asset And Liabilities Retirement Obligations |
The following tables sets forth information related to our ARO assets and ARO liabilities:
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December 31, |
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Location |
2021 |
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2020 |
| ARO assets, net |
Energy assets, net |
$ |
1,939 |
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$ |
1,468 |
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| ARO liabilities, current |
Accrued expenses and other current liabilities |
$ |
6 |
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$ |
86 |
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| ARO liabilities, non-current |
Other liabilities |
2,342 |
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|
1,561 |
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$ |
2,348 |
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$ |
1,647 |
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Year Ended December 31, |
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2021 |
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2020 |
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2019 |
| Depreciation expense of ARO assets |
$ |
113 |
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$ |
78 |
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$ |
45 |
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| Accretion expense of ARO liabilities |
$ |
123 |
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$ |
93 |
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$ |
44 |
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