Property, Plant and Equipment

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

10. Property, Plant and Equipment

Property, plant and equipment consist of the following:

	March 31, 2015			December 31, 2014
Photovoltaic (“PV”) solar systems	$	113,189		$	110,553
Plant and machinery		110			33
Furniture, fixtures and equipment		454			269
Automobile		75			75
Computers and software		1,463			1,296
Leasehold improvements		4			4
		115,295			112,230
Less: accumulated depreciation		(6,403	)		(5,792	)
	$	108,892		$	106,438

The cost of PV solar system include costs of acquiring permits, construction fees of PV solar system, costs of items installed in the PV solar system including solar panels, and other costs incurred that are directly attributable to getting the PV solar system ready for its intended use of grid connection with customer for supply of electricity.

In 2009, Solar Power, Inc. capitalized a PV solar system relating to the Aerojet 1 solar development project along with the associated financing obligation, recorded under financing and capital lease obligations, net of current portion, in the Condensed Consolidated Balance Sheets. Due to certain guarantee arrangements as disclosed in Note 19— Commitments and Contingencies, the Company will continue to record this PV solar system in property, plant and equipment with its associated financing obligation in Financing and capital lease obligations as long as it maintains its continuing involvement with this project. The income and expenses relating to the underlying operation of the Aerojet 1 solar development project are recorded in the Condensed Consolidated Statement of Operations.

In addition, in connection with the acquisitions of Sinsin, Xinte and CECEP (see Note 4) in 2014 and 2015, eight, one and four completed photovoltaic plants located in Greece, China and Italy, respectively, were acquired by the Company, and recorded in the PV solar systems under Property, Plant and Equipment.