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Leases
12 Months Ended
Dec. 31, 2021
Leases  
Leases

 

22.Leases

 

The Group has operating leases for its PV stations and office facilities. The Group's leases have remaining terms of less than one year to approximately twenty years. Leases with an initial term of 12 months or less are not recorded on the balance sheet; the Group recognizes lease expense for these leases on a straight-line basis over the lease term. The operating lease expenses were $1,772, $876 and $1,080 for the years ended December 31, 2021, 2020 and 2019, respectively.

 

Maturities of operating lease liabilities as of December 31, 2021 were as follow:

 

       
Maturity of Lease Liabilities   Operating Leases 
 2022   $2,305 
 2023    2,173 
 2024    2,208 
 2025    2,162 
 2026    2,278 
 Thereafter    10,502 
 Total lease payments    21,628 
 Less: interest    (7,755)
 Present value of lease payments   $13,873 
 Operating lease liabilities, current   $1,351 
 Operating lease liabilities, noncurrent   $12,522 

 

Supplemental information related to operating leases was as follows:

 

          
  

For the years ended

December 31,  

 
   2021   2020 
Cash paid for amounts included in the measurement of lease liabilities  $1,772   $667 
New operating lease assets obtained in exchange for operating lease liabilities  $8,502   $5,280 

 

As of December 31, 2021 and 2020, the operating leases had a weighted average remaining lease term of 12.3 years and 20.8 years, respectively, and a weighted average discount rate of 6.16% and 6.16%, respectively.