Print Page  |  Close Window

SEC Filings

10-K
TERRAFORM GLOBAL, INC. filed this Form 10-K on 12/21/2016
Entire Document
 

Operating Revenues, net
Operating revenues, net for the years ended December 31, 2015 and 2014 were as follows:
 
 
Year Ended December 31,
 
 
Operating Revenues, net (in thousands, other than MW and GWh data)
 
2015
 
2014
 
Change
Solar energy
 
$
92,919

 
$
39,449

 
$
53,470

Wind energy
 
31,197

 

 
31,197

Total
 
$
124,116

 
$
39,449

 
$
84,667

 
 
 
 
 
 
 
Net capacity (MW)(1)(2)
 
854.4
 
118.1
 
736.3
GWh sold
 
1,055.6

 
157.9

 
897.7

(1)
Operational at end of period.
(2)
Net capacity represents the maximum generating capacity at standard test conditions of a facility multiplied by the Company’s percentage of economic ownership of that facility after taking into account any redeemable preference shares and stockholder loans the Company holds.
Operating revenues increased by $84.7 million during the year ended December 31, 2015, compared to the same period in 2014, due to:
(In thousands)
 
Solar
 
Wind
 
Total
Increase in energy revenues from projects achieving commercial operation
 
$
12,659

 
$

 
$
12,659

Increase in energy revenues from acquisitions of operating power plants from third parties
 
16,641

 
31,197

 
47,838

Existing power plant revenue
 
24,170

 

 
24,170

 
 
$
53,470

 
$
31,197

 
$
84,667

Costs of Operations
Costs of operations for the years ended December 31, 2015 and 2014 were as follows:
 
 
Year Ended December 31,
 
 
Cost of operations (in thousands)
 
2015
 
2014
 
Change
Cost of operations
 
$
9,964

 
$
1,999

 
$
7,965

Cost of operations - affiliate
 
6,388

 
2,257

 
4,131

Total cost of operations
 
$
16,352

 
$
4,256


$
12,096

Costs of operations increased by $8.0 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 new power plants (1)
 
$
560

 
$
7,847

 
$
8,407

Existing power plant cost of operations and other
 
(442
)
 

 
(442
)
 
 
$
118

 
$
7,847

 
$
7,965

(1)
Includes third party acquisitions and dropdowns from SunEdison that reached commercial operation date during the year ended December 31, 2015.


84