v3.26.1
Non-Recourse Debt (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Debt
The following table provides a summary of the Company’s non-recourse debt as of March 31, 2026 and December 31, 2025:

(Amounts in thousands)DueMarch 31, 2026December 31, 2025
SVB Credit Agreement, SP1 Facility (1)
October 30, 2026$173,702 $177,515 
Second SVB Credit Agreement, SP2 Facility (1)
May 14, 202768,808 70,670 
KeyBank Credit Agreement, SP3 Facility (1)
November 13, 202748,097 49,223 
Second KeyBank Credit Agreement (1)
April 28, 2030160,955 160,955 
Barings GPSF Credit Agreement, SET Facility
April 17, 2042127,827 128,140 
Banco Santander Credit Agreement, SP5 Facility
November 22, 2027107,954 109,017 
Less: Unamortized fair value adjustment (1)
(15,143)(16,471)
Less: Unamortized deferred financing costs(3,937)(2,281)
Total non-recourse debt
668,263 676,768 
Less: Non-recourse debt, current(207,923)(213,826)
Non-recourse debt, non-current$460,340 $462,942 

(1) Fair value adjustment is being amortized to interest expense over the life of the related debt instruments using the effective interest method. Amortization expense for the fair value adjustment and deferred financing costs for the three months ended March 31, 2026 and 2025 were $1.6 million and $1.6 million , respectively.
Schedule of Maturities of Long-Term Debt As of March 31, 2026, the principal maturities of the Company’s debt were as follows:
As of March 31,
(Amounts in thousands)2026
2026$199,981 
2027215,049 
202820,846 
202922,213 
2030155,498 
Thereafter
73,756 
Total$687,343