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PROJECT ASSETS

12 Months Ended

Dec. 31, 2024

PROJECT ASSETS

PROJECT ASSETS

5. PROJECT ASSETS

Project assets consist of the following:

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​	​	​	​	​	​	​
​	​	December 31,		​	December 31,
​		2023			2024
Development costs, including acquisition and land	​	$	651,920	​	$	907,526
EPC and other construction costs	​	​	205,666	​	​	376,736
​	​	$	857,586	​	$	1,284,262
Current portion	​	​	280,793	​	​	394,376
Non-current portion	​	$	576,793	​	$	889,886

​

The Company recorded impairment losses of $1,674, $16,239 and $33,052 on project assets for the years ended December 31, 2022, 2023 and 2024, respectively. Capitalized interest during development and construction was $26,439, $27,676 and $38,456 for the same periods, respectively.

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The entire disclosure for information relating to project assets.

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