Project assets as of July 31, 2025 and October 31, 2024 consisted of the following (in thousands): | | | | | | | | | | | July 31, | | October 31, | | Estimated | | | 2025 | | 2024 | | Useful Life | Project Assets – Operating | | $ | 306,747 | | $ | 308,503 | | 4-20 years | Accumulated depreciation | | | (82,964) | | | (66,542) | | | Project Assets – Operating, net | | | 223,783 | | | 241,961 | | | Project Assets – Construction in progress | | | 699 | | | 170 | | 7-20 years | Project Assets, net | | $ | 224,482 | | $ | 242,131 | | |
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