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Power Plants
3 Months Ended
Mar. 31, 2016
Property, Plant and Equipment [Abstract]  
Power Plants
Power plants, net consists of the following: 
(In thousands)
March 31, 2016
 
December 31, 2015
Land
$
11,223

 
$
9,749

Wind power plants
720,285

 
562,086

Solar power plants
629,101

 
674,856

     Total power plants in service, at cost
1,360,609

 
1,246,691

Less: accumulated depreciation
(56,032
)
 
(40,600
)
     Total power plants in service, net
1,304,577

 
1,206,091

Construction in progress - solar projects
453

 
513

     Total power plants, net
$
1,305,030

 
$
1,206,604


The Company recorded depreciation expense, including foreign currency translation adjustments, related to power plants of $13.6 million for the three months ended March 31, 2016, as compared to $2.7 million for the same period in the prior year.
Construction in progress represents costs incurred to complete the construction of the power plants in the Company’s current portfolio that were either contributed to the Company by SunEdison or acquired from SunEdison. When plants are contributed or sold to the Company after completion by SunEdison, the Company retroactively recasts its historical financial statements to present the construction activity as if it consolidated the power plants at inception of the construction. All construction in progress costs are stated at SunEdison’s historical cost.
Certain of our solar power plants in India are entitled to receive viability gap funding support in an amount determined through a competitive bidding process. Such payment is made to the solar power plant over a five-year period from the date such solar plant commences operations and is funded by India’s National Clean Energy Fund. The Company recorded the awarded viability gap funding in full as a reduction to the cost of power plants in service, with a $3.4 million receivable included in current other assets, and $10.7 million in other assets in the unaudited condensed consolidated balance sheet as of March 31, 2016 and December 31, 2015. The current portion of the viability gap funding includes the initial 50% receivable following the solar power plant’s commercial operation date and the 10.0% receivable in the first year thereafter.  During the three months ended March 31, 2016, the Company received $7.3 million of the initial 50% receivable, and $1.6 million remained as a current other asset in the unaudited condensed consolidated balance sheet as of March 31, 2016. The remainder of the initial 50% receivable was received during the second quarter of 2016, and the remaining portion of the current receivable is due before December 31, 2016.