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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, 2014 and 2013 were as follows:
 
 
Year Ended December 31,
 
 
Operating Revenues, net (in thousands, other than MW and GWh data)
 
2014
 
2013
 
Change
Solar energy
 
$
39,449

 
$
22,196

 
$
17,253

 
 
 
 
 
 

Net capacity (MW)(1)(2)
 
118.1

 
74.6

 
43.5

GWh sold
 
157.9

 
109.5

 
48.4

(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, net increased by $17.3 million during the year ended December 31, 2014, compared to the same period in 2013, due to:
(In thousands)
Solar
Increase in energy revenues from projects achieving commercial operation during 2014
$
8,377

Increase from power plants with first full year of operation in 2014
7,997

Existing power plant energy revenue
879

 
$
17,253

Costs of Operations
Costs of operations for the years ended December 31, 2014 and 2013 were as follows:
 
 
Year Ended December 31,
 
 
Cost of operations (in thousands)
 
2014
 
2013
 
Change
Cost of operations
 
$
1,999

 
$
355

 
$
1,644

Cost of operations - affiliate
 
2,257

 
1,311

 
946

Total cost of operations
 
$
4,256

 
$
1,666


$
2,590

Total cost of operations increased $2.6 million during the year ended December 31, 2014, compared to the same period in 2013, due to:
(In thousands)
Solar
Increase in cost of operations relating to new power plants (1)
$
657

Existing power plant cost of operations
1,933

 
$
2,590

(1)
Includes third party acquisitions and dropdowns from SunEdison that reached commercial operation during the year ended December 31, 2014.
General and Administrative
General and administrative expense for the year ended December 31, 2014 and 2013 were as follows:
 
Year Ended December 31,
 
 
(In thousands)
2014
 
2013
 
Change
General and administrative
$
1,349

 
$
1,047

 
$
302

General and administrative - affiliate
10,850

 
4,790

 
6,060

   Total general and administrative expense
$
12,199

 
$
5,837

 
$
6,362



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