Project Assets

12 Months Ended

Dec. 31, 2021

Project Assets

Project Assets

8. Project Assets

Project assets as of December 31, 2021 and 2020 consist of the following: 

	December 31,		December 31,
	2021		2020
Project assets completed for sale	$	10,353	$	1,554
Project assets under development		14,562		18,186
Total project assets	$	24,915	$	19,740
Current *	$	8,946	$	–
Noncurrent	$	15,969	$	19,740

* The current portion of the project assets represents the carrying value of projects that are expected to be sold within 1 year.

During the years ended December 31, 2021, 2020 and 2019, impairment losses of nil, nil and $2,455 were recorded for certain project assets held for development and sale, respectively. The impairment provided for the year ended December 31, 2019 is mainly for the project assets located in Japan.

During the years ended December 31, 2021, 2020 and 2019, the Group recognized total revenue from sales of PV project assets and sales of pre-development solar projects of $894, $19,901 and $6,728, respectively, and cost of