Energy Assets, Net (Tables)
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9 Months Ended |
Sep. 30, 2023 |
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| Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
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| Schedule of Energy Assets |
Energy assets, net consisted of the following:
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September 30, 2023 |
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December 31, 2022 |
Energy assets (1)
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$ |
2,012,528 |
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$ |
1,493,913 |
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| Less - accumulated depreciation and amortization |
(355,943) |
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(312,388) |
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| Energy assets, net |
$ |
1,656,585 |
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$ |
1,181,525 |
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(1) Includes financing lease assets (see Note 7), capitalized interest and asset retirement obligations (“ARO”) assets (see tables below). Also includes the energy asset project acquired in August 2023. See section below for additional information. |
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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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Three Months Ended September 30, |
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Nine Months Ended September 30, |
| Location |
2023 |
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2022 |
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2023 |
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2022 |
Cost of revenues (2)
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$ |
15,122 |
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$ |
12,933 |
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$ |
42,847 |
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$ |
36,911 |
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(2) Includes depreciation and amortization on financing lease assets (see Note 7). |
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| 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:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2023 |
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2022 |
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2023 |
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2022 |
| Capitalized interest |
$ |
12,824 |
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$ |
3,877 |
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$ |
28,842 |
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$ |
7,785 |
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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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Location |
September 30, 2023 |
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December 31, 2022 |
| ARO assets, net |
Energy assets, net |
$ |
3,499 |
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$ |
2,359 |
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| ARO liabilities, non-current |
Other liabilities |
$ |
4,541 |
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$ |
3,052 |
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2023 |
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2022 |
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2023 |
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2022 |
| Depreciation expense of ARO assets |
$ |
53 |
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$ |
37 |
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$ |
161 |
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$ |
110 |
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| Accretion expense of ARO liabilities |
$ |
64 |
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$ |
36 |
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$ |
194 |
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$ |
108 |
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