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SOLAR POWER SYSTEMS, NET

12 Months Ended

Dec. 31, 2015

SOLAR POWER SYSTEMS, NET.

SOLAR POWER SYSTEMS, NET

8. SOLAR POWER SYSTEMS, NET

        Solar power systems, net consist of the following:

		At December 31, 2014			At December 31, 2015
		$			$
Solar power systems in operation			75,344			508,584
Solar power systems under construction			22,697			706,118
Accumulated depreciation			(1,173	)		(14,261	)
​	​	​	​	​	​	​	​
Solar power systems, net			96,868			1,200,441
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​

        For the years ended December 31, 2014 and 2015, in connection with decisions to hold and operate certain projects to generate revenues from the sale of electricity, projects totaling $98.0 million and $347.2 million, respectively, were reclassified to solar power systems, of which $22.7 million and $107.6 million were reclassified to those under construction, respectively. Depreciation expense of solar power systems was nil, $1,173 and $11,340 for the years ended December 31, 2013, 2014 and 2015, respectively.

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The entire disclosure for solar power systems used in the normal conduct of business. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense.

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