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Long-term investments (Tables)

6 Months Ended

Jun. 30, 2021

Disclosure Long Term Investments And Notes Receivable [Abstract]

Long-term investments consist of the following:


	June 30, 2021		December 31, 2020
Long-term investments carried at fair value
Atlantica (a)	$	1,822,400	$	1,706,900
Atlantica share subscription agreement (a)	—		20,015
Atlantica Yield Energy Solutions Canada Inc.	104,229		110,514
Other	2,499		1,783
	$	1,929,128	$	1,839,212

Other long-term investments
Equity-method investees (b)	$	264,251	$	186,452
Development loans receivable from equity-method investees (b)	7,962		22,912
Other (c)	30,807		5,219
	$	303,020	$	214,583

Income from Long-term Investments

Income (loss) from long-term investments from the three and six months ended June 30 is as follows:


	Three months ended June 30				Six months ended June 30
	2021		2020		2021		2020
Fair value gain (loss) on investments carried at fair value
Atlantica	$	28,888	$	305,606	$	(35,545)	$	120,212

Atlantica Yield Energy Solutions Canada Inc.	(1,948)		2,897		(9,259)		(1,245)


Other	402		1,339		402		117
	$	27,342	$	309,842	$	(44,402)	$	119,084
Dividend and interest income from investments carried at fair value
Atlantica	$	21,054	$	18,426	$	41,618	$	36,852
Atlantica Yield Energy Solutions Canada Inc.	4,376		4,813		8,721		8,717


Other	315		1,065		315		2,113
	$	25,745	$	24,304	$	50,654	$	47,682
Other long-term investments
Equity method loss	(2,816)		(1,326)		(8,370)		(2,124)
Interest and other income	10,235		1,989		12,117		7,506
	$	60,506	$	334,809	$	9,999	$	172,148

Investments in Partnerships and Joint Ventures

Summarized combined information for AQN's investments in significant partnerships and joint ventures is as follows:


	June 30, 2021		December 31, 2020
Total assets	$	1,450,771	$	3,201,967
Total liabilities	651,814		2,913,188
Net assets	$	798,957	$	288,779
AQN's ownership interest in the entities	214,979		141,666
Difference between investment carrying amount and underlying equity in net assets(a)	49,272		44,786
AQN's investment carrying amount for the entities	$	264,251	$	186,452

(a) The difference between the investment carrying amount and the underlying equity in net assets relates primarily to development fees, interest capitalized while the projects are under construction, the fair value of guarantees provided by the Company in regards to the investments and transaction costs.

Schedule of Variable Interest Entities

Summarized combined information for AQN's VIEs is as follows:


	June 30, 2021		December 31, 2020
AQN's maximum exposure in regards to VIEs
Carrying amount	$	18,623	$	174,685
Development loans receivable	7,818		21,804
Performance guarantees and other commitments on behalf of VIEs	106,194		965,291
	$	132,635	$	1,161,780

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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