| Energy Assets, Net |
ENERGY ASSETS, NET Energy assets, net consisted of the following:
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March 31, 2021 |
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December 31, 2020 |
Energy assets (1)
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$ |
1,000,085 |
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$ |
954,426 |
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| Less - accumulated depreciation and amortization |
(234,963) |
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|
(225,048) |
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| Energy assets, net |
$ |
765,122 |
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|
$ |
729,378 |
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(1) Includes financing lease assets (see Note 6), capitalized interest and ARO assets (see tables below). |
The following table sets forth our depreciation and amortization expense on energy assets, net of deferred grant amortization:
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Three Months Ended March 31, |
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| Location |
2021 |
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2020 |
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Cost of revenues (2)
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$ |
9,686 |
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$ |
9,299 |
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(2) Includes depreciation and amortization on financing lease assets (see Note 6). |
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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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Three Months Ended March 31, |
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2021 |
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2020 |
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| Capitalized interest |
$ |
2,238 |
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$ |
862 |
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The following tables sets forth information related to our ARO assets and ARO liabilities:
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Location |
March 31, 2021 |
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December 31, 2020 |
| ARO assets, net |
Energy assets, net |
$ |
2,032 |
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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 |
2,251 |
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|
1,561 |
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| Total ARO liabilities |
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$ |
2,257 |
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$ |
1,647 |
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Three Months Ended March 31, |
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2021 |
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2020 |
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| Depreciation expense of ARO assets |
$ |
23 |
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$ |
19 |
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| Accretion expense of ARO liabilities |
$ |
24 |
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$ |
21 |
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