POWER PLANTS

Power plants, net consists of the following:



(In thousands)	June 30, 2016			December 31, 2015
Land	$	11,225		$	9,749
Wind power plants	773,869			562,086
Solar power plants	658,412			674,856
Total power plants in service, at cost	1,443,506			1,246,691
Less: accumulated depreciation	(69,180		)	(40,600		)
Total power plants in service, net	1,374,326			1,206,091
Construction in progress - solar projects	928			513
Total power plants, net	$	1,375,254		$	1,206,604

The Company recorded depreciation expense, including foreign currency translation adjustments, related to power plants of $12.1 million and $25.8 million for the three and six months ended June 30, 2016, respectively, as compared to $3.0 million and $5.7 million, respectively, 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 as a reduction to the cost of power plants in service, with a $1.8 million and $10.7 million receivable included in current other assets as of June 30, 2016 and December 31, 2015, respectively, and $7.0 million and $7.1 million in other assets in the unaudited condensed consolidated balance sheet as of June 30, 2016 and December 31, 2015, respectively. 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% receivable in the first year thereafter. As of June 30, 2016, the Company received $8.9 million of the initial 50% receivable, $1.8 million remained within other current assets and $7.0 million remained within other assets in the unaudited condensed consolidated balance sheet as of June 30, 2016. The remaining annual 10% receivable was due before December 31, 2016 and is presented within prepaid expenses and current other assets as of June 30, 2016. This amount is expected to be received in the first quarter of 2017.