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SEC Filings
10-K
TERRAFORM POWER, INC. filed this Form 10-K on 12/05/2016
Entire Document
 

Costs of Operations

Costs of operations for the years ended December 31, 2014 and 2013 were as follows:
 
 
Year Ended December 31,
 
 
(In thousands)
 
2014
 
2013
 
Change
Cost of operations:
 
 
 
 
 
 
Solar
 
$
10,630

 
$
1,112

 
$
9,518

Wind
 

 

 

Cost of operations - affiliate:
 
 
 
 
 
 
Solar
 
8,063

 
1,068

 
6,995

Wind
 

 

 

Total cost of operations
 
$
18,693

 
$
2,180

 
$
16,513


Cost of operations increased $9.5 million during the year ended December 31, 2014, compared to the same period in 2013, due to:
(In thousands)
 
Solar
 
Wind
 
Total
Increase in cost of operations relating to facilities achieving commercial operations
 
$
5,016

 
$

 
$
5,016

Increase in cost of operations relating to acquisitions of renewable energy facilities from SunEdison and unaffiliated third parties
 
4,098

 

 
4,098

Existing renewable energy facility cost of operations
 
404

 

 
404

 
 
$
9,518

 
$

 
$
9,518


Cost of operations - affiliate increased $7.0 million during the year ended December 31, 2014, compared to the same period in 2013, due to:
(In thousands)
 
Solar
 
Wind
 
Total
Increase in cost of operations - affiliate relating to facilities achieving commercial operations
 
$
3,141

 
$

 
$
3,141

Increase in cost of operations - affiliate relating to acquisitions of renewable energy facilities from SunEdison and unaffiliated third parties
 
4,057

 

 
4,057

Existing renewable energy facility cost of operations - affiliate
 
(203
)
 

 
(203
)
 
 
$
6,995

 
$

 
$
6,995


General and Administrative Expenses

General and administrative expenses for the years ended December 31, 2014 and 2013 were as follows:
 
 
Year ended December 31,
 
 
(In thousands)
 
2014
 
2013
 
Change
General and administrative expenses:
 
 
 
 
 
 
Solar
 
$
14,566

 
$
289

 
$
14,277

Wind
 

 

 

Corporate
 
6,418

 

 
6,418

General and administrative expenses - affiliate:
 
 
 
 
 
 
Corporate
 
19,144

 
5,158

 
13,986

Total general and administrative expenses
 
$
40,128

 
$
5,447

 
$
34,681




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