v3.22.2.2
Related Party Transactions
9 Months Ended
Sep. 30, 2022
Related Party Transactions [Abstract]  
Related Party Transactions Related Party TransactionsThere was $0.1 million due to related parties, as discussed below, and one hundred thousand amounts due from related parties as of September 30, 2022. There were no amounts due to or from related parties as of December 31, 2021. Additionally, in the normal course of business, the Company conducts transactions with affiliates, such as:
Blackstone Subsidiaries as Amended Rated Term Loan Lender
The Company incurs interest expense on the Amended Rated Term Loan. For the three months ended September 30, 2022, and 2021, the total related party interest expense associated with the Amended Rated Term Loan was $4.5 million and $3.2 million, respectively, and is recorded as interest expense in the accompanying condensed consolidated statements of operations. For the nine months ended September 30, 2022, and 2021, the total related party interest expense associated with the Amended Rated Term Loan was $13.2 million and $10.5 million, respectively, and is recorded as interest expense in the accompanying condensed consolidated statements of operations. As of September 30, 2022, and December 31, 2021, interest payable of $4.4 million and $4.5 million, respectively, due under the Amended Rated Term Loan was recorded as interest payable on the accompanying condensed consolidated balance sheets.
Master Services Agreement with CBRE
On June 13, 2022, the Company signed a Master Services Agreement ("MSA") with CBRE Group, Inc. ("CBRE"), a related party, under which CBRE will assist the Company in developing clean energy projects. As of September 30, 2022, $0.1 million is due to CBRE and no amounts have been paid by the Company under the MSA.