|9 Months Ended|
Sep. 30, 2021
|Subsequent Events [Abstract]|
|Subsequent Events||Subsequent EventsOn October 8, 2021, a wholly owned subsidiary of the Company entered into an amendment (the “Amendment”) to a syndicated, senior secured credit facility which was entered into with various lenders on April 20, 2021 and was first amended on May 5, 2021 (as amended, the “Credit Facility”). The Credit Facility had commitments of $800.0 million, is non-recourse to the Company and is secured by net cash flows from power purchase agreements and leases available to the borrower after distributions to tax equity investors and payment of certain operating, maintenance and other expenses, and matures on April, 20, 2025. The Amendment amends certain terms of the Credit Facility, including reducing the interest rate (i) for the period from the date of the Amendment to April 20, 2024 from the applicable index (LIBOR or SOFR) + 250 basis points to the applicable index + 200 basis points and (ii) for the period from and after April 20, 2024, from the applicable index + 350 basis points to the applicable index + 300 basis points; and increasing total loan commitments available by $1.0 billion, bringing the total commitments to $1.8 billion.|
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef