Print Page  Close Window

SEC Filings
10-K
TERRAFORM POWER, INC. filed this Form 10-K on 07/21/2017
Entire Document
 

Costs of Operations

Costs of operations for the years ended December 31, 2015 and 2014 were as follows:
 
 
Year Ended December 31,
 
 
(In thousands)
 
2015
 
2014
 
Change
Cost of operations:
 
 
 
 
 
 
Solar
 
$
30,007

 
$
10,630

 
$
19,377

Wind
 
40,461

 

 
40,461

Cost of operations - affiliate:
 
 
 
 
 
 
Solar
 
17,943

 
8,063

 
9,880

Wind
 
1,972

 

 
1,972

Total cost of operations
 
$
90,383

 
$
18,693

 
$
71,690


Cost of operations increased $59.8 million during the year ended December 31, 2015, compared to the same period in 2014, due to:
(In thousands)
 
Solar
 
Wind
 
Total
Increase in cost of operations relating to facilities achieving commercial operations
 
$
2,602

 
$

 
$
2,602

Increase in cost of operations relating to acquisitions of renewable energy facilities from SunEdison and unaffiliated third parties
 
16,420

 
40,461

 
56,881

Existing renewable energy facility cost of operations
 
355

 

 
355

 
 
$
19,377

 
$
40,461

 
$
59,838


Cost of operations - affiliate increased $11.9 million during the year ended December 31, 2015, compared to the same period in 2014, due to:
(In thousands)
 
Solar
 
Wind
 
Total
Increase in cost of operations - affiliate relating to facilities achieving commercial operations
 
$
3,249

 
$

 
$
3,249

Increase in cost of operations - affiliate relating to acquisitions of renewable energy facilities from SunEdison and unaffiliated third parties
 
6,156

 
1,972

 
8,128

Existing renewable energy facility cost of operations - affiliate
 
475

 

 
475

 
 
$
9,880

 
$
1,972

 
$
11,852


General and Administrative Expenses

General and administrative expenses for the years ended December 31, 2015 and 2014 were as follows:
 
 
Year Ended December 31,
 
 
(In thousands)
 
2015
 
2014
 
Change
General and administrative:
 
 
 
 
 
 
Project-level
 
$
19,583

 
$
14,566

 
$
5,017

Corporate
 
36,228

 
6,418

 
29,810

General and administrative - affiliate:
 
 
 
 
 
 
Corporate
 
55,330

 
19,144

 
36,186

Total general and administrative
 
$
111,141

 
$
40,128

 
$
71,013




87