Document and Entity Information |
3 Months Ended |
|---|---|
|
Mar. 31, 2018
shares
| |
| Document and Entity Information [Abstract] | |
| Entity Registrant Name | Atlantica Yield plc |
| Entity Central Index Key | 0001601072 |
| Current Fiscal Year End Date | --12-31 |
| Entity Well-known Seasoned Issuer | Yes |
| Entity Voluntary Filers | No |
| Entity Current Reporting Status | Yes |
| Entity Filer Category | Large Accelerated Filer |
| Entity Common Stock, Shares Outstanding | 100,217,260 |
| Document Fiscal Year Focus | 2018 |
| Document Fiscal Period Focus | Q1 |
| Document Type | 6-K |
| Amendment Flag | false |
| Document Period End Date | Mar. 31, 2018 |
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- Definition This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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- Definition Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. No definition available.
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- Definition Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. No definition available.
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- Definition The amount of assets held under a service concession arrangement. Concessional assets include property plant and equipment, financial assets and intangible assets that are expected to be used during more than one period. No definition available.
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- Definition The current portion of non-current credit facilities with financial entities, notes and bonds received at the corporate parent level. No definition available.
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- Definition The amount of current project debt issued at the project level under project finance. No definition available.
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- Definition The non-current portion of non-current credit facilities with financial entities, notes and bonds received at the corporate parent level. No definition available.
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- Definition The amount of non-current government grants recognized on the statement of financial position as deferred income and the amount of non-current financial liabilities including investments made by Liberty Interactive Corporation that the entity does not separately disclose in the same statement or note. No definition available.
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- Definition The non-current portion of non-current project debt issued at the project level under project finance. No definition available.
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- Definition A component of equity representing additional paid-in capital and retained earnings less dividends of the parent company. No definition available.
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- Definition The amount of resources: (a) controlled by the entity as a result of past events; and (b) from which future economic benefits are expected to flow to the entity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of assets that the entity (a) expects to realise or intends to sell or consume in its normal operating cycle; (b) holds primarily for the purpose of trading; (c) expects to realise within twelve months after the reporting period; or (d) classifies as cash or cash equivalents (as defined in IAS 7) unless the asset is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. [Refer: Assets] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of current financial assets. [Refer: Financial assets] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of liabilities that: (a) the entity expects to settle in its normal operating cycle; (b) the entity holds primarily for the purpose of trading; (c) are due to be settled within twelve months after the reporting period; or (d) the entity does not have an unconditional right to defer settlement for at least twelve months after the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The current amount of current tax liabilities. [Refer: Current tax liabilities] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amounts of income taxes recoverable in future periods in respect of: (a) deductible temporary differences; (b) the carryforward of unused tax losses; and (c) the carryforward of unused tax credits. [Refer: Temporary differences [member]; Unused tax credits [member]; Unused tax losses [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amounts of income taxes payable in future periods in respect of taxable temporary differences. [Refer: Temporary differences [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of residual interest in the assets of the entity after deducting all its liabilities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of the entity's equity and liabilities. [Refer: Equity; Liabilities] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of current inventories. [Refer: Inventories] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of investments accounted for using the equity method. The equity method is a method of accounting whereby the investment is initially recognised at cost and adjusted thereafter for the post-acquisition change in the investor's share of net assets of the investee. The investor's profit or loss includes its share of the profit or loss of the investee. The investor's other comprehensive income includes its share of the other comprehensive income of the investee. [Refer: At cost [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The nominal value of capital issued. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of equity in a subsidiary not attributable, directly or indirectly, to a parent. [Refer: Subsidiaries [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of assets that do not meet the definition of current assets. [Refer: Current assets] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of non-current derivative financial liabilities. [Refer: Derivative financial liabilities] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of non-current financial assets. [Refer: Financial assets] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of liabilities that do not meet the definition of current liabilities. [Refer: Current liabilities] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of non-current payables due to related parties. [Refer: Related parties [member]; Payables to related parties] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition A component of equity representing the accumulated portion of gain (loss) on a hedging instrument that is determined to be an effective hedge for cash flow hedges. [Refer: Cash flow hedges [member]] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition A component of equity representing exchange differences on translation of financial statements of foreign operations recognised in other comprehensive income and accumulated in equity. [Refer: Other comprehensive income] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition A component of equity representing the entity's cumulative undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of current trade payables and current other payables. [Refer: Current trade payables; Other current payables] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of current trade receivables and current other receivables. [Refer: Current trade receivables; Other current receivables] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of costs associated with financing activities of the entity, net of the amount of income associated with interest and other financing activities of the entity and exchange gains (losses) recognized in profit or loss that arise from foreign currency transactions. No definition available.
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- Definition The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator) divided by the weighted average number of ordinary shares outstanding during the period (the denominator). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of depreciation expense, amortisation expense and impairment loss (reversal of impairment loss) recognised in profit or loss. [Refer: Depreciation and amortisation expense; Impairment loss (reversal of impairment loss) recognised in profit or loss] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The expense of all forms of consideration given by an entity in exchange for a service rendered by employees or for the termination of employment. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of costs associated with financing activities of the entity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of income associated with interest and other financing activities of the entity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of exchange differences recognised in profit or loss that arise from foreign currency transactions, excluding those arising on financial instruments measured at fair value through profit or loss in accordance with IFRS 9. [Refer: At fair value [member]; Financial instruments, class [member]] Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax that relate to continuing operations. [Refer: Continuing operations [member]; Current tax expense (income); Deferred tax expense (income)] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of expenses that the entity does not separately disclose in the same statement or note when the entity uses the 'nature of expense' form for its analysis of expenses. [Refer: Expenses, by nature] Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of finance income or cost that the entity does not separately disclose in the same statement or note. [Refer: Finance income (cost)] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of operating income that the entity does not separately disclose in the same statement or note. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The total of income less expenses, excluding the components of other comprehensive income. [Refer: Other comprehensive income] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The profit (loss) attributable to non-controlling interests. [Refer: Profit (loss); Non-controlling interests] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The profit (loss) attributable to owners of the parent. [Refer: Profit (loss)] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The profit (loss) from continuing operations before tax expense or income. [Refer: Profit (loss)] Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The profit (loss) from operating activities of the entity. [Refer: Profit (loss)] Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of raw materials and consumables used in the production process or in the rendering of services. [Refer: Current raw materials] Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The income arising in the course of an entity's ordinary activities. Income is increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in an increase in equity, other than those relating to contributions from equity participants. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The entity's share of the profit (loss) of associates accounted for using the equity method. [Refer: Associates [member]; Investments accounted for using equity method; Profit (loss)] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The number of ordinary shares outstanding at the beginning of the period, adjusted by the number of ordinary shares bought back or issued during the period multiplied by a time-weighting factor. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Consolidated condensed statements of comprehensive income - USD ($) $ in Thousands |
3 Months Ended | |
|---|---|---|
Mar. 31, 2018 |
Mar. 31, 2017 |
|
| Consolidated condensed statements of comprehensive income [Abstract] | ||
| Profit/(loss) for the period | $ (1,510) | $ (14,407) |
| Items that may be subject to transfer to income statement | ||
| Change in fair value of cash flow hedges | 1,136 | (8,240) |
| Currency translation differences | 30,302 | 13,862 |
| Tax effect | (1,692) | 2,903 |
| Net income/(expenses) recognized directly in equity | 29,746 | 8,525 |
| Cash flow hedges | 17,335 | 16,960 |
| Tax effect | (4,334) | (4,240) |
| Transfers to income statement | 13,001 | 12,720 |
| Other comprehensive income/(loss) | 42,747 | 21,245 |
| Total comprehensive income/(loss) for the period | 41,237 | 6,837 |
| Total comprehensive (income)/loss attributable to non-controlling interest | (4,486) | 1,803 |
| Total comprehensive income/(loss) attributable to the Company | $ 36,751 | $ 8,640 |
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- Definition The amount of other comprehensive income, before tax, related to gains (losses) on interest rate cash flow hedges. No definition available.
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- Definition The amount of change in equity resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of comprehensive income attributable to non-controlling interests. [Refer: Comprehensive income; Non-controlling interests] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of comprehensive income attributable to owners of the parent. [Refer: Comprehensive income] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The gains (losses) recognised in other comprehensive income on cash flow hedges, before tax. [Refer: Cash flow hedges [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The gains (losses) recognised in other comprehensive income on exchange differences on the translation of financial statements of foreign operations, before tax. [Refer: Other comprehensive income] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of income tax relating to amounts recognised in other comprehensive income in relation to cash flow hedges. [Refer: Cash flow hedges [member]; Other comprehensive income] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of income tax relating to amounts recognised in other comprehensive income that will not be reclassified to profit or loss. [Refer: Income tax relating to components of other comprehensive income] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of income and expense (including reclassification adjustments) that is not recognised in profit or loss as required or permitted by IFRSs. [Refer: IFRSs [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of other comprehensive income that will be reclassified to profit or loss, net of tax. [Refer: Other comprehensive income] Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of other comprehensive income that will not be reclassified to profit or loss, net of tax. [Refer: Other comprehensive income] Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The total of income less expenses, excluding the components of other comprehensive income. [Refer: Other comprehensive income] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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Consolidated condensed statements of changes in equity - USD ($) $ in Thousands |
Total |
Total Equity Attributable to Company [Member] |
Share Capital [Member] |
Parent Company Reserves [Member] |
Other Reserves [Member] |
Retained Earnings [Member] |
Accumulated Currency Translation Differences [Member] |
Non-controlling Interest [Member] |
|---|---|---|---|---|---|---|---|---|
| Balance, beginning of period at Dec. 31, 2016 | $ 1,959,111 | $ 1,832,716 | $ 10,022 | $ 2,268,497 | $ 52,797 | $ (365,410) | $ (133,150) | $ 126,395 |
| Profit/(loss) for the three-month period after taxes | (14,407) | (11,769) | 0 | 0 | 0 | (11,769) | 0 | (2,638) |
| Change in fair value of cash flow hedges | 8,720 | 9,027 | 0 | 0 | 9,027 | 0 | 0 | (307) |
| Currency translation differences | 13,862 | 12,823 | 0 | 0 | 0 | 0 | 12,823 | 1,039 |
| Tax effect | (1,337) | (1,441) | 0 | 0 | (1,441) | 0 | 0 | 105 |
| Other comprehensive income/(loss) | 21,245 | 20,409 | 0 | 0 | 7,586 | 0 | 12,823 | 836 |
| Total comprehensive income/(loss) for the period | 6,837 | 8,640 | 0 | 0 | 7,586 | (11,769) | 12,823 | (1,803) |
| Dividend distribution | (25,054) | (25,054) | 0 | (25,054) | 0 | 0 | 0 | 0 |
| Balance, end of period at Mar. 31, 2017 | 1,940,894 | 1,816,302 | 10,022 | 2,243,403 | 60,383 | (377,179) | (120,327) | 124,592 |
| Balance, beginning of period (Restated [Member]) at Dec. 31, 2017 | 1,884,967 | 1,748,372 | 10,022 | 2,163,229 | 82,294 | (489,026) | (18,147) | 136,595 |
| Balance, beginning of period (Application of New Accounting Standards [Member]) at Dec. 31, 2017 | (10,486) | (10,486) | 0 | 0 | 1,326 | (11,812) | 0 | 0 |
| Balance, beginning of period at Dec. 31, 2017 | 1,895,453 | 1,758,858 | 10,022 | 2,163,229 | 80,968 | (477,214) | (18,147) | 136,595 |
| Profit/(loss) for the three-month period after taxes | (1,510) | (4,764) | 0 | 0 | 0 | (4,764) | 0 | 3,254 |
| Change in fair value of cash flow hedges | 18,471 | 20,386 | 0 | 0 | 20,386 | 0 | 0 | (1,915) |
| Currency translation differences | 30,302 | 27,668 | 0 | 0 | 0 | 0 | 27,668 | 2,634 |
| Tax effect | (6,026) | (6,539) | 0 | 0 | (6,539) | 0 | 0 | 513 |
| Other comprehensive income/(loss) | 42,747 | 41,515 | 0 | 0 | 13,847 | 0 | 27,668 | 1,232 |
| Total comprehensive income/(loss) for the period | 41,237 | 36,751 | 0 | 0 | 13,847 | (4,764) | 27,668 | 4,486 |
| Dividend distribution | (31,068) | (31,068) | 0 | (31,068) | 0 | 0 | 0 | 0 |
| Balance, end of period at Mar. 31, 2018 | $ 1,895,136 | $ 1,754,055 | $ 10,022 | $ 2,132,161 | $ 96,141 | $ (493,790) | $ 9,521 | $ 141,081 |
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- Definition The amount of income tax relating to increases (decreases) in the fair value of cash flow hedges. No definition available.
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- Definition The amount of other comprehensive income, before tax, related to increases (decreases) in the fair value of cash flow hedges. No definition available.
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- Definition The amount of change in equity resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of dividends recognised as distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of residual interest in the assets of the entity after deducting all its liabilities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The gains (losses) recognised in other comprehensive income on exchange differences on the translation of financial statements of foreign operations, before tax. [Refer: Other comprehensive income] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of income and expense (including reclassification adjustments) that is not recognised in profit or loss as required or permitted by IFRSs. [Refer: IFRSs [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The total of income less expenses, excluding the components of other comprehensive income. [Refer: Other comprehensive income] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash flows for interest and income taxes paid. No definition available.
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- Definition Refers to the cash outflows (inflows) associated with acquisition of subsidiaries and other financial instruments. No definition available.
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- Definition The cash outflow for the purchases of or inflow from the sales of other noncurrent financial assets and liabilities classified as investing activities. No definition available.
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- Definition The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash flows from (used in) financing activities, which are activities that result in changes in the size and composition of the contributed equity and borrowings of the entity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash flows from (used in) investing activities, which are the acquisition and disposal of long-term assets and other investments not included in cash equivalents. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash flows from (used in) operating activities, which are the principal revenue-producing activities of the entity and other activities that are not investing or financing activities. [Refer: Revenue] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash inflow (outflow) from the entity's operations before changes in working capital. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The cash outflow for dividends paid to equity holders of the parent, classified as financing activities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The effect of exchange rate changes on cash and cash equivalents held or due in a foreign currency. [Refer: Cash and cash equivalents] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The increase (decrease) in cash and cash equivalents before the effect of exchange rate changes on cash and cash equivalents held in foreign currencies. [Refer: Cash and cash equivalents; Effect of exchange rate changes on cash and cash equivalents] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The increase (decrease) in working capital. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Adjustments to reconcile profit (loss) to net cash flow from (used in) operating activities that the entity does not separately disclose in the same statement or note. [Refer: Adjustments to reconcile profit (loss)] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Inflows (outflows) of cash, classified as investing activities, that the entity does not separately disclose in the same statement or note. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash inflow from borrowings obtained. [Refer: Borrowings] Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The total of income less expenses, excluding the components of other comprehensive income. [Refer: Other comprehensive income] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash outflow to settle borrowings, classified as financing activities. [Refer: Borrowings] Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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Consolidated condensed cash flow statements (Parenthetical) $ in Millions |
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| Consolidated condensed cash flow statements [Abstract] | |
| Proceeds from investments in contracted concessional assets | $ 60.8 |
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- References No definition available.
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Nature of the business |
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| Nature of the business | Note 1. - Nature of the business Atlantica Yield plc (“Atlantica” or the “Company”) was incorporated in England and Wales as a private limited company on December 17, 2013 under the name Abengoa Yield Limited. On March 19, 2014, the Company was re-registered as a public limited company, under the name Abengoa Yield plc. On May 13, 2016, the change of the Company´s registered name to Atlantica Yield plc was filed with the Registrar of Companies in the United Kingdom. Atlantica is a total return company that owns, manages and acquires renewable energy, efficient natural gas, electric transmission lines and water assets focused on North America (the United States and Mexico), South America (Peru, Chile and Uruguay) and EMEA (Spain, Algeria and South Africa). On March 9, 2018, Algonquin Power & Utilities (“Algonquin”) announced that it completed the acquisition from Abengoa S,A, (“Abengoa”) of a 25% equity interest in Atlantica, becoming the largest shareholder of the Company. Algonquin does not consolidate the Company in its consolidated financial statements. On June 18, 2014, Atlantica closed its initial public offering issuing 24,850,000 ordinary shares. The shares were offered at a price of $29 per share, resulting in gross proceeds to the Company of $720,650 thousand. The underwriters further purchased 3,727,500 additional shares from the selling shareholder, a subsidiary wholly owned by Abengoa, at the public offering price less fees and commissions to cover over-allotments (“greenshoe”) driving the total proceeds of the offering to $828,748 thousand. Prior to the consummation of this offering, Abengoa contributed, through a series of transactions, which we refer to collectively as the “Asset Transfer,” ten concessional assets described below, certain holding companies and a preferred equity investment in Abengoa Concessoes Brasil Holding (“ACBH”). As consideration for the Asset Transfer, Abengoa received a 64.28% interest in Atlantica and $655.3 million in cash, corresponding to the net proceeds of the initial public offering less $30 million retained by Atlantica for liquidity purposes. Atlantica’s shares began trading on the NASDAQ Global Select Market under the symbol “ABY” on June 13, 2014. The symbol changed to “AY” on November 11, 2017. On February 28, 2018, the Company completed the acquisition of a 100% stake in a 4 MW hydroelectric power plant in Perú (“Mini-Hydro”) for approximately $9 million. The following table provides an overview of the concessional assets the Company owned as of March 31, 2018:
On November 27, 2015 Abengoa, reported that, it filed a communication pursuant to article 5 bis of the Spanish Insolvency Law 22/2003 with the Mercantile Court of Seville nº 2. On November 8, 2016, the Judge of the Mercantile Court of Seville declared judicial approval of Abengoa´s restructuring agreement. On March 31, 2017 Abengoa announced the completion of the restructuring. As a result, Atlantica Yield received Abengoa debt and equity instruments in exchange of the guarantee previously provided by Abengoa regarding the preferred equity investment in ACBH. The financing arrangement of Kaxu contained cross-default provisions related to Abengoa, such that debt defaults by Abengoa, subject to certain threshold amounts and/or a restructuring process, could trigger defaults under such project financing arrangement. In March 2017, the Company signed a waiver which gives clearance to cross-default that might have arisen from Abengoa insolvency and restructuring up to that date, but does not extend to potential future cross-default events. In addition, the financing arrangements of Kaxu, Solana and Mojave contained a change of ownership clause that would be triggered if Abengoa ceased to own a minimum of Atlantica Yield’s shares. Based on the most recent public information, Abengoa currently owns 16.47% of Atlantica Yield shares and 16.44% of the outstanding shares were pledged as guarantee of asset-backed notes. On March 9, 2018 Abengoa announced it made effective the sale of a 25% stake in Atlantica Yield to Algonquin. Additionally, Algonquin announced on April 17, 2018, that it had exercised an option to purchase the 16.47% remaining stake in Atlantica held by Abengoa, subject to approval by the U.S. Department of Energy (the “DOE”) and other conditions precedent. If Abengoa ceases to comply with its obligation to maintain its 16% ownership of Atlantica Yield ‘s shares, such reduced ownership would put the Company in breach of covenants under the applicable project financing arrangements. In the case of Kaxu in March 2017 the Company signed a waiver, which allows reduction of ownership by Abengoa below the 35% threshold if it is done in the context of restructuring plan. In the case of Solana and Mojave, a forbearance agreement signed with the DOE in 2016 with respect to these assets allows reductions of Abengoa’s ownership of the shares of the Company if it results from (i) a sale or other disposition at any time pursuant and in connection with a subsequent insolvency proceeding by Abengoa, or (ii) capital increases by the Company. In other events of reduction of ownership by Abengoa below the minimum ownership threshold such as sales of stake in Atlantica Yield by Abengoa, the available DOE remedies will not include debt acceleration, but DOE remedies available could include limitations on distributions to the Company from Solana and Mojave. In addition, the minimum ownership threshold for Abengoa’s ownership of the shares of the Company has been reduced from 35% to 16%. In November 2017, in the context of the agreement reached between Abengoa and Algonquin for the acquisition by Algonquin of 25% of the shares of the Company and based on the obligations of Abengoa under the EPC contract the Company signed a consent with the DOE which reduces this minimum ownership required by Abengoa in Atlantica Yield to 16%, which became effective upon closing of the transaction on March 9, 2018. These Consolidated Condensed Interim Financial Statements were approved by the Board of Directors of the Company on May 11, 2018. |
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- Definition The disclosure of the nature of the business, including details of concessional assets owned. No definition available.
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- References No definition available.
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Basis of preparation |
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| Basis of preparation | Note 2. - Basis of preparation The accompanying unaudited Consolidated Condensed Interim Financial Statements represent the consolidated results of the Company and its subsidiaries. The Company entered into an agreement with Abengoa on June 13, 2014 (the “ROFO Agreement”), as amended and restated on December 9, 2014, that provides the Company with a right of first offer on any proposed sale, transfer or other disposition of any of Abengoa’s contracted renewable energy, efficient natural gas, electric transmission or water assets in operation and located in the United States, Canada, Mexico, Chile, Peru, Uruguay, Brazil, Colombia and the European Union, as well as four assets in selected countries in Africa, the Middle East and Asia. The Company elected to account for the assets acquisitions under the ROFO Agreement using the Predecessor values as long as Abengoa had control over the Company, given that these were transactions between entities under common control. Any difference between the consideration given and the aggregate book value of the assets and liabilities of the acquired entities as of the date of the transaction has been reflected as an adjustment to equity. Abengoa has not had control over the Company since December 31, 2015. Therefore, any acquisition from Abengoa is accounted for in the consolidated accounts of Atlantica Yield since December 31, 2015, in accordance with IFRS 3, Business Combinations. The Company’s annual consolidated financial statements as of December 31, 2017, were approved by the Board of Directors on February 27, 2018. These Consolidated Condensed Interim Financial Statements are presented in accordance with International Accounting Standards (“IAS”) 34, “Interim Financial Reporting”. In accordance with IAS 34, interim financial information is prepared solely in order to update the most recent annual consolidated financial statements prepared by the Company, placing emphasis on new activities, occurrences and circumstances that have taken place during the three-month period ended March 31, 2018 and not duplicating the information previously published in the annual consolidated financial statements for the year ended December 31, 2017. Therefore, the Consolidated Condensed Interim Financial Statements do not include all the information that would be required in complete consolidated financial statements prepared in accordance with the IFRS-IASB (“International Financial Reporting Standards-International Accounting Standards Board”). In view of the above, for an adequate understanding of the information, these Consolidated Condensed Interim Financial Statements must be read together with Atlantica’s consolidated financial statements for the year ended December 31, 2017 included in the 2017 20-F. In determining the information to be disclosed in the notes to the Consolidated Condensed Interim Financial Statements, Atlantica, in accordance with IAS 34, has taken into account its materiality in relation to the Consolidated Condensed Interim Financial Statements. The Consolidated Condensed Interim Financial Statements are presented in U.S. dollars, which is the Company’s functional and presentation currency. Amounts included in these consolidated condensed interim financial statements are all expressed in thousands of U.S. dollars, unless otherwise indicated. Certain prior period amounts have been reclassified to conform to the current period presentation. Application of new accounting standards
The applications of these amendments have not had any material impact on these Consolidated Condensed Interim Financial Statements. In relation to IFRS 15, IFRS 9 and IFRS 16, the Company performed following analysis: IFRS 15 ‘Revenues from contracts with Customers’ In May 2014, the IASB (International Accounting Standards Board) published IFRS 15 “Recognition of Revenue from Contracts with Customers”. This Standard brings together all the applicable requirements and replaces the current standards for recognizing revenue: IAS 11 Construction Contracts, IAS 18 Revenue, IFRIC 13 Customer Loyalty Program, IFRIC 15 Agreements for the Construction of Real Estate, IFRIC 18 Transfers of Assets from Customers and SIC-31 Revenue—Barter Transactions Involving Advertising Services. The new requirements may lead to changes in the current revenue profile, since the Standard’s main principle is that the Company must recognize its revenue in accordance with the transfer of goods or services to the customers in an amount which reflects the consideration that the Company expects to receive in exchange for these goods or services. The model laid out by the Standard is structured in five steps:
Contracted concessional assets and price purchase agreements (PPAs) include fixed assets financed through project debt, related to service concession arrangements recorded in accordance with International Financial Reporting Interpretations Committee 12 (“IFRIC 12”), except for Palmucho, which is recorded in accordance with IAS 17 and PS10, PS20 and Seville PV, which are recorded as tangible assets in accordance with IAS 16. The infrastructures accounted for by the Company as concessions are related to the activities concerning electric transmission lines, solar electricity generation plants, efficient natural gas plants, wind farms and water plants. Currently, assets recorded in accordance with IFRIC 12 are classified as intangible assets or as financial assets, depending on the nature of the payment entitlements established in the contracts. According to IFRS 15, the Company should assess the goods and services promised in the contracts with the customers and shall identify as a performance obligation each promise to transfer to the customer a good or service (or a bundle of goods or services). In the case of contracts related to financial assets, the Company has identified two performance obligations (construction and operation of the asset). The contracts state that each service (construction and operation) has its own transaction price. For this reason, both performance obligations are separately identifiable in the context of the contract. The Company must allocate the total consideration to be received by the contract to each performance obligation. As mentioned above, the different services performed have been identified as two different performance obligations (construction and operation). Each performance obligation has its own transaction price stated in the contract. Such transaction prices are agreed in the contract by the parties in an orderly transaction, with no interrelation between both transaction prices and therefore correspond to the fair value of the goods and services provided in each case. As a result, for IFRS 15 purposes, the total transaction price will be allocated to each performance obligation in accordance with the two transaction prices stated within the contract, as they represent the respective fair values of the identified performance obligations. For the assets classified as intangible assets, the Company has identified the same performance obligations, (construction and operation), but in this case the consideration received by the Company for the construction services is a license. The grantor makes a non-cash payment for the construction services by giving the operator an intangible asset. When allocating fair value for IFRS 15 purposes, the Company will recognize as revenue for the first performance obligation the fair value of the construction services, and the amount corresponding to the sales of energy as the fair value of second performance obligation (operation). Additionally, in both cases, the services are satisfied over time. All the concessional assets of the Company are in operation and the Company satisfies the performance obligations and recognizes revenue over time. The same conclusion applies to concessional assets that are classified as tangible assets or leases. IFRS 15 also incorporates specific criteria to determine which costs relating to a contract should be capitalized by distinguishing between incremental costs of obtaining a contract and costs associated with fulfilling a contract. No significant costs of obtaining a contract or compliance (other than those that are already capitalized) have been identified. As the practice for revenue recognition applied until December 31, 2017, is consistent with the analysis above under IFRS 15, the Company considers that the adoption of this standard has no impact in the consolidated financial statements of the Company. Also, the Company adopted IFRS 15 applying the full retrospective method to each prior reporting period presented, but without changes in the comparative reporting periods as the adoption of the standard has no effect in the financial statements. IFRS 9 ‘Financial Instruments’ IFRS 9 Financial Instruments issued on 24 July 2014 is the IASB’s replacement of IAS 39 Financial Instruments: Recognition and Measurement. The standard addresses the classification, measurement and derecognition of financial assets and financial liabilities, introduces new rules for hedge accounting and a new impairment model for financial assets. The Company adopted the standard as of January 1, 2018, including the new requirements for hedge accounting. The Company adopted retrospectively without re-expressing comparative periods. The analysis performed by the Company is as follows:
a) Financial assets IFRS 9 classifies all financial assets that are currently in the scope of IAS 39 into two categories: amortized cost and fair value. Where assets are measured at fair value, gains and losses are either recognized entirely in profit or loss (fair value through profit or loss, “FVTPL”), or recognized in other comprehensive income (fair value through other comprehensive income, “FVTOCI”). The new guidance has no significant impact on the classification and measurement of the financial assets of the Company as the vast majority of financial assets (except for derivatives) are currently measured at amortized cost, and meet the conditions for classification at amortized cost under IFRS 9. As a result, the Company maintained this classification. b) Financial liabilities: IFRS 9 does not change the basic accounting model for financial liabilities under IAS 39. Two measurement categories continue to exist: FVTPL and amortized cost. Financial liabilities held for trading are measured at FVTPL, and all other financial liabilities are measured at amortized cost unless the fair value option is applied. As a result, the Company concluded that there is no significant impact on the consolidated financial statements.
The impact of applying IFRS 9 to the condensed interim financial statements for the three-month period ended March 31, 2018 is not significant. IFRS 16 ‘Leases’ The IASB issued a new lease accounting standard, IFRS 16, in January 2016, which requires the recognition of lease contracts on the consolidated statement of financial position. IFRS 16 eliminates the classification of leases as either operating leases or finance leases for a lessee. Instead all leases are treated in a similar way to finance leases applying IAS 17. Leases are ‘capitalized’ by recognizing the present value of the lease payments and showing them either as lease assets (right-of-use of assets) or together with property, plant and equipment. If lease payments are made over time, a company also recognizes a financial liability representing its obligation to make future lease payments. In the income statement, IFRS 16 replaces the straight-line operating lease expense for those leases applying IAS 17, with a depreciation charge for the lease asset (included within operating expenses) and an interest expense on the lease liability (included within finance expenses). IFRS 16 also impacts the presentation of cash flows related to former off-balance sheet leases. The Company performed its assessment of the impact on its consolidated financial statements. The most significant impact identified is that the Company recognizes new assets and liabilities for its existing operating leases of land rights, buildings, offices and equipment. The standard is effective for annual periods beginning on or after January 1, 2019, with earlier application permitted for entities that apply IFRS 15 at or before the date of initial application of IFRS 16. The Company decided to early adopt the standard as of January 1, 2018. An entity shall apply this standard using one of the following two methods: full retrospectively approach or a modified retrospective approach. The Company has chosen the latter and accounted for assets as an amount equal to liability at the date of initial application. The impact on the opening balance sheet of these consolidated financial statements is shown in the table below. The impact of applying IFRS 16 to the condensed interim financial statements for the three-month period ended March 31, 2018 is not significant. Summary of adjustments arising from application of IFRS 9 and IFRS 16 as of December 31, 2017
(*) The expected credit losses provision only applies to the concessional assets recorded as financial assets for an amount before provision of $936,004 thousand as of December 31, 2017 (see Note 6).
The Company does not anticipate any significant impact on the consolidated condensed financial statements derived from the application of the new standards and amendments that will be effective for annual periods beginning after March 31, 2018, although it is currently still in the process of evaluating such application. Use of estimates Some of the accounting policies applied require the application of significant judgment by management to select the appropriate assumptions to determine these estimates. These assumptions and estimates are based on the Company´s historical experience, advice from experienced consultants, forecasts and other circumstances and expectations as of the close of the financial period. The assessment is considered in relation to the global economic situation of the industries and regions where the Company operates, taking into account future development of our businesses. By their nature, these judgments are subject to an inherent degree of uncertainty; therefore, actual results could materially differ from the estimates and assumptions used. In such cases, the carrying values of assets and liabilities are adjusted. The most critical accounting policies, which reflect significant management estimates and judgment to determine amounts in these Consolidated Condensed Interim Financial Statements, are as follows:
As of the date of preparation of these Consolidated Condensed Interim Financial Statements, no relevant changes in the estimates made are anticipated and, therefore, no significant changes in the value of the assets and liabilities recognized at March 31, 2018 are expected. Although these estimates and assumptions are being made using all available facts and circumstances, it is possible that future events may require management to amend such estimates and assumptions in future periods. Changes in accounting estimates are recognized prospectively, in accordance with IAS 8, in the consolidated income statement of the period in which the change occurs. |
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- Definition The disclosure of the basis used for the preparation of the financial statements. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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Financial risk management |
3 Months Ended |
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Mar. 31, 2018 | |
| Financial risk management [Abstract] | |
| Financial risk management | Note 3. - Financial risk management Atlantica’s activities are exposed to various financial risks: market risk (including currency risk and interest rate risk), credit risk and liquidity risk. Risk is managed by the Company’s Risk Finance and Compliance Departments, which are responsible for identifying and evaluating financial risks quantifying them by project, region and company, in accordance with mandatory internal management rules. Written internal policies exist for global risk management, as well as for specific areas of risk. In addition, there are official written management regulations regarding key controls and control procedures for each company and the implementation of these controls is monitored through internal audit procedures. These Consolidated Condensed Interim Financial Statements do not include all financial risk management information and disclosures required for annual financial statements, and should be read together with the information included in Note 3 to Atlantica’s Annual Consolidated Financial Statements as of December 31, 2017. |
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- Definition The disclosure of the entity's financial risk management practices and policies. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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Financial information by segment |
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| Financial information by segment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial information by segment | Note 4. - Financial information by segment Atlantica Yield’s segment structure reflects how management currently makes financial decisions and allocates resources. Its operating and reportable segments are based on the following geographies where the contracted concessional assets are located:
Based on the type of business, as of March 31, 2018 the Company had the following business sectors: Renewable energy: Renewable energy assets include two solar plants in the United States, Solana and Mojave, each with a gross capacity of 280 MW and located in Arizona and California, respectively. The Company owns eight solar platforms in Spain: Solacor 1 and 2 with a gross capacity of 100 MW, PS10 and PS20 with a gross capacity of 31 MW, Solaben 2 and 3 with a gross capacity of 100 MW, Helioenergy 1 and 2 with a gross capacity of 100 MW, Helios 1 and 2 with a gross capacity of 100 MW, Solnova 1, 3 and 4 with a gross capacity of 150 MW, Solaben 1 and 6 with a gross capacity of 100 MW and Seville PV with a gross capacity of 1 MW. The Company also owns a solar plant in South Africa, Kaxu with a gross capacity of 100 MW. Additionally, the Company owns two wind farms in Uruguay, Palmatir and Cadonal, with a gross capacity of 50 MW each, and a hydraulic plant in Peru with a gross capacity of 4 MW. Efficient natural gas: The Company´s sole efficient natural gas asset is ACT, a 300 MW cogeneration plant in Mexico, which is party to a 20-year take-or-pay contract with Pemex for the sale of electric power and steam. Electric transmission lines: Electric transmission assets include (i) three lines in Peru, ATN, ATS and ATN2, spanning a total of 1,012 miles; and (ii) three lines in Chile, Quadra 1, Quadra 2 and Palmucho, spanning a total of 87 miles. Water: Water assets include a minority interest in two desalination plants in Algeria, Honaine and Skikda with an aggregate capacity of 10.5 M ft3 per day. Atlantica Yield’s Chief Operating Decision Maker (CODM) assesses the performance and assignment of resources according to the identified operating segments. The CODM considers the revenues as a measure of the business activity and the Further Adjusted EBITDA as a measure of the performance of each segment. Further Adjusted EBITDA is calculated as profit/(loss) for the period attributable to the parent company, after adding back loss/(profit) attributable to non-controlling interests from continued operations, income tax, share of profit/(loss) of associates carried under the equity method, finance expense net, depreciation, amortization and impairment charges of entities included in these consolidated financial statements, and compensation received from Abengoa in lieu of ACBH dividends. In order to assess performance of the business, the CODM receives reports of each reportable segment using revenues and Further Adjusted EBITDA. Net interest expense evolution is assessed on a consolidated basis. Financial expense and amortization are not taken into consideration by the CODM for the allocation of resources. In the three-month period ended March 31, 2018 Atlantica had three customers with revenues representing more than 10% of the total revenues, two in the renewable energy and one in the efficient natural gas business sectors. In the three-month period ended March 31, 2017, Atlantica had two customers with revenues representing more than 10% of the total revenues, one in the renewable energy and one in the efficient natural gas business sectors.
The reconciliation of segment Further Adjusted EBITDA with the profit/(loss) attributable to the Company is as follows:
Assets and liabilities by geography as of March 31, 2018:
Assets and liabilities by geography as of December 31, 2017:
Assets and liabilities by business sectors as of March 31, 2018:
Assets and liabilities by business sectors as of December 31, 2017;
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- Definition The entire disclosure for operating segments. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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Changes in the scope of the Consolidated Condensed Interim Financial Statements |
3 Months Ended |
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Mar. 31, 2018 | |
| Changes in the scope of the Consolidated Condensed Interim Financial Statements [Abstract] | |
| Changes in the scope of the Consolidated Condensed Interim Financial Statements | Note 5. - Changes in the scope of the Consolidated Condensed Interim Financial Statements For the three-month period ended March 31, 2018 On February 28, 2018, the Company completed the acquisition of a 100% stake in Hidrocañete, S.A. (Mini-Hydro). Total purchase price paid for this asset amounted to $9,324 thousand. The purchase has been accounted for in the consolidated accounts of Atlantica Yield, in accordance with IFRS 3, Business Combination. For the year ended December 31, 2017 There is no change in the scope of the consolidated financial statement in the year 2017. |
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- References No definition available.
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- Definition The disclosure of the basis used for consolidation. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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Contracted concessional assets |
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| Contracted concessional assets | Note 6. - Contracted concessional assets The detail of contracted concessional assets included in the heading ‘Contracted concessional assets’ as of March 31, 2018 and December 31, 2017 is as follows:
Contracted concessional assets include fixed assets financed through project debt, related to service concession arrangements recorded in accordance with IFRIC 12, except for Palmucho, which is recorded in accordance with IAS 17, and PS10, PS20, Seville PV and Mini-Hydro which are recorded as property plant and equipment in accordance with IAS 16. Concessional assets recorded in accordance with IFRIC 12 are either intangible of financial assets. As of March 31, 2018, contracted concessional financial assets amount to $886,573 thousand ($936,004 thousand as of December 31, 2017). The increase in the contracted concessional assets cost is primarily due to the higher value of assets denominated in euros since the exchange rate of the euro has risen against the U.S. dollar since December 31, 2017 and to the impact of the application of IFRS 16, ´Leases´ from January 1, 2018 (see Note 2). The increase has been partially offset by a decrease related to the amount received from Abengoa by Solana in March 2018 further to Abengoa´s obligation as EPC Contractor (see Note 11) and by the impact of the application of IFRS 9, ´Financial instruments´ from January 1, 2018 (see Note 2). No losses from impairment of contracted concessional assets were recorded during the three-month period ended March 31, 2018 and during the year 2017. |
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- References No definition available.
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- Definition The entire disclosure for contracted concessional assets. No definition available.
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Investments carried under the equity method |
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| Investments carried under the equity method [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investments carried under the equity method | Note 7. - Investments carried under the equity method The table below shows the breakdown of the investments held in associates as of March 31, 2018 and December 31, 2017:
(*) Myah Bahr Honaine, S.P.A., the project entity, is 51% owned by Geida Tlemcen, S.L. which is accounted for using the equity method in these Consolidated Condensed Interim Financial Statements. Geida Tlemcen, S.L. is 50% owned by Atlantica. |
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- References No definition available.
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- Definition The disclosure of investments accounted for using the equity method. [Refer: Investments accounted for using equity method] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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Financial investments |
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| Financial investments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial investments | Note 8. - Financial investments The detail of Non-current and Current financial investment as of March 31, 2018 and December 31, 2017 are as follows:
Investment in Ten West Link as of March 31, 2018 is a $2.5 million investment, which was made by the Company for a 12.5% interest in a 114-mile transmission line in the US. Financial assets at fair value through profit or loss of $1.1 million as of March 31, 2018, fully relate to the residual part of the Abengoa debt and equity instruments received in exchange of the guarantee previously provided by Abengoa regarding the preferred equity investment in ACBH. Most of these instruments were sold during the year 2017. |
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- References No definition available.
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- Definition The entire disclosure for financial instruments. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Derivative financial instruments |
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| Derivative financial instruments | Note 9. - Derivative financial instruments The breakdowns of the fair value amount of the derivative financial instruments as of March 31, 2018 and December 31, 2017 are as follows:
The derivatives are primarily interest rate cash-flow hedges. All are classified as non-current assets or non-current liabilities, as they hedge long-term financing agreements. These are classified as Level 2 (see Note 10). Additionally, the Company signed during the year ended December 31, 2017, currency options with leading international financial institutions, which guarantee a minimum Euro-U.S. dollar exchange rates for the distributions expected from Spanish solar assets made in euros during the years 2017, 2018 and part of 2019. The net amount of the fair value of interest rate derivatives designated as cash flow hedges transferred to the consolidated condensed income statement is a loss of $17,335 thousand for the three-month period ended March 31, 2018 (loss of $16,960 thousand in the three-month period ended March 31, 2017). Additionally, the net amount of the time value component of the cash flow derivatives fair value recognized in the consolidated condensed income statement for the three-month period ended March 31, 2018 and 2017 was a loss of $336 thousand and a loss of $274 thousand respectively. The after-tax results accumulated in equity in connection with derivatives designated as cash flow hedges as of March 31, 2018 and December 31, 2017 amount to a profit of $96,141 thousand and a profit of $80,968 thousand respectively. |
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- References No definition available.
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- Definition The disclosure of derivative financial instruments. [Refer: Derivatives [member]] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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Fair value of financial instruments |
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Mar. 31, 2018 | ||||||||||
| Fair value of financial instruments [Abstract] | ||||||||||
| Fair value of financial instruments | Note 10. - Fair value of financial instruments Financial instruments measured at fair value are presented in accordance with the following level classification based on the nature of the inputs used for the calculation of fair value:
As of March 31, 2018 and December 31, 2017, all the financial instruments measured at fair value correspond to derivatives and have been classified as Level 2, except for some Abengoa debt and equity instruments received further to the implementation of Abengoa´s restructuring agreement on March 31, 2017, classified as Level 1 (see Note 8). |
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- References No definition available.
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- Definition The disclosure of the fair value of financial instruments. [Refer: Financial instruments, class [member]; At fair value [member]] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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Related parties |
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| Related parties [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Related parties | Note 11. - Related parties Details of balances with related parties as of March 31, 2018 and December 31, 2017 are as follows:
Trade payables (current) primarily relate to payables for Operation and Maintenance services. Credit payables (non-current) primarily relate to project companies’ payables with partners accounted for as non-controlling interests in these consolidated financial statements and payables for Operation and Maintenance services falling due after more than one year ($60 million). As of April 26, 2018, the Company purchased the aforementioned long-term Operation and Maintenance payables for the period up to December 2017 for $18 million. The transactions carried out by entities included in these consolidated condensed financial statements with related parties not included in the consolidation perimeter of Atlantica, primarily with Abengoa and with subsidiaries of Abengoa, during the three-month periods ended March 31, 2018 and 2017 have been as follows:
Services received primarily include operation and maintenance services received by some assets. The figures detailed in the table above do not include the following financial income recorded in these Consolidated Condensed Interim Financial statements for the three-month period ended March 31, 2017: compensation received from Abengoa in lieu of dividends from ACBH for $10.4 million resulting from the agreement signed with Abengoa in the third quarter of 2016 (see Note 8). In addition, Abengoa maintains a number of obligations under EPC, O&M and other contracts, as well as indemnities covering certain potential risks. Additionally, Abengoa represented that further to the accession to the restructuring agreement, Atlantica Yield would not be a guarantor of any obligation of Abengoa with respect to third parties and agreed to indemnify the Company for any penalty claimed by third parties resulting from any breach in such representations. The Company has contingent assets, which have not been recognized as of March 31, 2018, related to the obligations of Abengoa referred above, which result and amounts will depend on the occurrence of uncertain future events. In particular as of April 26, 2018 Abengoa agreed to pay Atlantica certain amounts subject to conditions which are beyond the control of the Company. As explained in Note 1, the Company signed a consent in November 2017, which has then been amended during the following months, in relation to the Solana and Mojave projects, which reduced the minimum ownership required by Abengoa in Atlantica Yield to 16%, subject to certain conditions precedent most of which were beyond the control of the Company, including several payments by Abengoa to Solana before December 2017 and May 2018. These payments for a total of $120 million were related to Abengoa’s obligations as EPC contractor in Solana and were used to repay Solana project debt ($95 million) and for a reserve to cover required additional repairs in the plant ($25 million). Additionally, Abengoa has recognized other obligations with Solana for $6.5 million per semester over 8.5 years starting in December 2018. Solana received $42.5 million in December 2017 and $77.5 million in March 2018. The $42.5 million collected in December 2017 and $52.5 million of the amount collected in March 2018 have been used to repay Solana project debt. The aforementioned amounts are based on the EPC Contract guarantee for liquidated damages considering the average production during the first three years of ramp-up period of the plant which is a service-concession arrangement under IFRIC 12 (intangible asset). For the aforementioned amounts, the Company reduced the value of the intangible asset since this amount was a variable consideration. In addition, the amortization of the plant is adjusted accordingly. The Company entered into a Financial Support Agreement on June 13, 2014 under which Abengoa agreed to maintain any guarantees and letters of credit that have been provided by it on behalf of or for the benefit of Atlantica Yield and its affiliates for a period of five years. As of March 31, 2018, the aforementioned guarantees amounted to $31 million. In the context of that agreement in July 2017, Atlantica replaced guarantees amounting to $112 million previously issued by Abengoa. |
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- Definition The entire disclosure for related parties. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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Clients and other receivable |
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| Clients and other receivable [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Clients and other receivable | Note 12. - Clients and other receivable Clients and other receivable as of March 31, 2018 and December 31, 2017, consist of the following:
As of March 31, 2018, and December 31, 2017, the fair value of clients and other receivable accounts does not differ significantly from its carrying value. |
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- References No definition available.
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| X | ||||||||||
- Definition The disclosure of trade and other receivables. [Refer: Trade and other receivables] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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Equity |
3 Months Ended |
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Mar. 31, 2018 | |
| Equity [Abstract] | |
| Equity | Note 13. - Equity As of March 31, 2018, the share capital of the Company amounts to $10,021,726 represented by 100,217,260 ordinary shares completely subscribed and disbursed with a nominal value of $0.10 each, all in the same class and series. Each share grants one voting right. Algonquin completed the acquisition from Abengoa of a 25% equity interest in Atlantica on March 9, 2018, becoming the largest shareholder of the Company. Residual equity interest of Abengoa in Atlantica is 16.5%. Atlantica reserves as of March 31, 2018 are made up of share premium account and distributable reserves. Retained earnings include results attributable to Atlantica, the impact of the Asset Transfer in equity and the impact of the assets acquisition under the ROFO agreement in equity. The Asset Transfer and the acquisitions under the ROFO agreement were recorded in accordance with the Predecessor accounting principle, given that all these transactions occurred before December 2015, when Abengoa still had control over Atlantica. Non-controlling interests fully relate to interests held by JGC in Solacor 1 and Solacor 2, by IDAE in Seville PV, by Itochu Corporation in Solaben 2 and Solaben 3, by Algerian Energy Company, SPA and Sadyt in Skikda and by Industrial Development Corporation of South Africa (IDC) and Kaxu Community Trust in Kaxu Solar One (Pty) Ltd. On February 27, 2018, the Board of Directors declared a dividend of $0.31 per share corresponding to the four quarter of 2017. The dividend was paid on March 27, 2018. In addition, as of March 31, 2018, there was no treasury stock and there have been no transactions with treasury stock during the period then ended. |
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- Definition The disclosure of issued capital. [Refer: Issued capital] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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Corporate debt |
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| Corporate debt [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Corporate debt | Note 14. - Corporate debt The breakdown of the corporate debt as of March 31, 2018 and December 31, 2017 is as follows:
The repayment schedule for the corporate debt as of March 31, 2018 is as follows:
On November 17, 2014, the Company issued the Senior Notes due 2019 in an aggregate principal amount of $255,000 thousand (the “2019 Notes”). The 2019 Notes accrue annual interest of 7.00% payable semi-annually beginning on May 15, 2015 until their maturity date of November 15, 2019. On December 3, 2014, the Company entered into a credit facility of up to $125,000 thousand with Banco Santander, S.A., Bank of America, N.A., Citigroup Global Markets Limited, HSBC Bank plc and RBC Capital Markets, as joint lead arrangers and joint bookrunners (the “Credit Facility Tranche A”). On December 22, 2014, the Company drew down $125,000 thousand under the Credit Facility Tranche A. Loans accrue interest at a rate per annum equal to: (A) for Eurodollar rate loans, LIBOR plus 2.75% and (B) for base rate loans, the highest of (i) the rate per annum equal to the weighted average of the rates on overnight U.S. Federal funds transactions with members of the U.S. Federal Reserve System arranged by U.S. Federal funds brokers on such day plus 1/2 of 1.00%, (ii) the U.S. prime rate and (iii) LIBOR plus 1.00%, in any case, plus 1.75%. The interest rate on the Credit Facility Tranche A is fully hedged by an interest rate swap contracted with HSBC Bank with maturity date December 24, 2018, resulting in the Company paying a net fixed interest rate of 4.7%. Loans under the Credit Facility Tranche A will mature in December 2018. Loans prepaid by the Company may be reborrowed. The Credit Facility Tranche A is secured by pledges of the shares of the guarantors which the Company owns. $8,000 thousand of the loans under the Credit Facility Tranche A were partially repaid on September 25, 2017 and for $63,000 thousand on December 27, 2017. As of December 31, 2017, the remaining $54,000 of nominal of the Tranche A were classified as Current, as its maturity is in December 2018. On February 10, 2017, the Company issued Senior Notes due 2022, 2023, 2024 (the “Note Issuance Facility”), in an aggregate principal amount of €275,000 thousand. The 2022 to 2024 Notes accrue annual interest, equal to the sum of (i) EURIBOR plus (ii) 4.90%, as determined by the Agent. Interest on the Notes will be payable in cash quarterly in arrears on each interest payment date. The Company will make each interest payment to the holders of record on each interest payment date. The interest rate on the Note Issuance Facility is fully hedged by two interest rate swaps contracted with Jefferies Financial Services, Inc. with effective date March 31, 2017 and maturity date December 31, 2022, resulting in the Company paying a net fixed interest rate of 5.5% on the Note Issuance Facility. Changes in fair value of these interest rate swaps have been recorded in the consolidated income statement. The Note Issuance Facility is a € denominated liability for which the Company applies net investment hedge accounting. When converted to US$ at US$/€ closing exchange rate, it contributes to reduce the impact in translation difference reserves generated in the equity of these consolidated financial statements by the conversion of the net assets of the Spanish solar assets into US$. On July 20, 2017, the Company signed a credit facility (the “Credit Facility 2017”) for up to €10 million, approximately $12.3 million, which is available in euros or US dollars. Amounts drawn accrue interest at a rate per year equal to EURIBOR plus 2.25% or LIBOR plus 2.25%, depending on the currency. The credit facility has a maturity date of July 20, 2018. As of December 31, 2017, the Company drew down the credit facility in full and used the entire proceeds to prepay a part of the Tranche A of the Credit Facility. Current corporate debt corresponds to the accrued interest on the Notes, to the outstanding amount of the Tranche A and to the amount of the Credit Facility obtained in July 2017. |
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- References No definition available.
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- Definition The disclosure of debt instruments. [Refer: Debt instruments issued; Debt instruments held] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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Project debt |
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| Project debt [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Project debt | Note 15. - Project debt The main purpose of the Company is the long-term ownership and management of contracted concessional assets, such as renewable energy, efficient natural gas, electric transmission line and water assets, which are financed through project debt. This note shows the project debt linked to the contracted concessional assets included in Note 6 of these Consolidated Condensed Interim Financial Statements. Project debt is generally used to finance contracted assets, exclusively using as guarantee the assets and cash flows of the company or group of companies carrying out the activities financed. In most of the cases, the assets and/or contracts are set up as guarantee to ensure the repayment of the related financing. Compared with corporate debt, project debt has certain key advantages, including a greater leverage and a clearly defined risk profile. The detail of Project debt of both non-current and current liabilities as of March 31, 2018 and December 31, 2017 is as follows:
The increase in total project debt is primarily due to the interest accrued for the three-month period ended March 31,2018 and due to the higher value of debt denominated in foreign currencies since their exchange rate has risen against the U.S. dollars since December 31, 2017. This increase is partially offset by the partial repayment of Solana debt using the indemnity received from Abengoa in March 2018 for $52.5 million (see Note 11) and by the impact of the application of IFRS 9, ´Financial instruments´ from January 1, 2018 (see Note 2). The repayment schedule for Project debt in accordance with the financing arrangements, as of March 31, 2018 is as follows and is consistent with the projected cash flows of the related projects:
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- References No definition available.
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| X | ||||||||||
- Definition The disclosure of borrowings. [Refer: Borrowings] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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Grants and other liabilities |
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| Grants and other liabilities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Grants and other liabilities | Note 16. - Grants and other liabilities
As of March 31, 2018, the amount recorded in Grants corresponds primarily to the ITC Grant awarded by the U.S. Department of the Treasury to Solana and Mojave for a total amount of $763 million ($771 million as of December 31, 2017), which was primarily used to fully repay the Solana and Mojave short-term tranche of the loan with the Federal Financing Bank. The amount recorded in Grants as a liability is progressively recorded as other income over the useful life of the asset. The remaining balance of the “Grants” account corresponds to loans with interest rates below market rates for Solana and Mojave for a total amount of $432 million ($452 million as of December 31, 2017). Loans with the Federal Financing Bank guaranteed by the Department of Energy for these projects bear interest at a rate below market rates for these types of projects and terms. The difference between proceeds received from these loans and its fair value, is initially recorded as “Grants” in the consolidated statement of financial position, and subsequently recorded in “Other operating income” starting at the entry into operation of the plants. Total amount of income for these two types of grants for Solana and Mojave is $14.9 million and $15.0 million for the three-month periods ended March 31, 2018 and 2017, respectively. Other liabilities mainly relate to the investment from Liberty Interactive Corporation (‘Liberty’) made on October 2, 2013 for an amount of $300 million. The investment was made in class A shares of Arizona Solar Holding, the holding of Solana Solar plant in the United States. Such investment was made in a tax equity partnership which permits the partners to have certain tax benefits such as accelerated depreciation and ITC. The investment is recorded as a liability for a total amount of $357 million as of March 31, 2018 ($352 million as of December 31, 2017). Additionally, other liabilities include $60 million of finance lease liabilities, further to the application of IFRS 16, Leases from January 1, 2018 (see Note 2). |
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- Definition The entire disclosure for government grants and other liabilities. No definition available.
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- References No definition available.
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Trade payables and other current liabilities |
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| Trade payables and other current liabilities [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade payables and other current liabilities | Note 17. - Trade payables and other current liabilities Trade payable and other current liabilities as of March 31, 2018 and December 31, 2017 are as follows:
Trade accounts payables mainly relate to the operating and maintenance of the plants. Nominal values of Trade payables and other current liabilities are considered to approximately equal to fair values and the effect of discounting them is not significant. Other account payable primarily include subordinated debt of Mojave with Abener Teyma Mojave General Partnership (Abener), a related party, with maturity date on October 2018. The repayment will occur if certain technical conditions are fulfilled. |
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- References No definition available.
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| X | ||||||||||
- Definition The disclosure of trade and other payables. [Refer: Trade and other payables] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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Income tax |
3 Months Ended |
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Mar. 31, 2018 | |
| Income Tax [Abstract] | |
| Income Tax | Note 18. - Income Tax The effective tax rate for the periods presented has been established based on Management’s best estimates. In the three-month period ended March 31, 2018, Income tax amounted to a $4,650 thousand expense with respect to a profit before income tax of $3,140 thousand. In the three-month period ended March 31, 2017, Income tax amounted to a $4,500 thousand income with respect to a loss before income tax of $18,907 thousand. The effective tax rate differs from the nominal tax rate mainly due to permanent differences and treatment of tax credits in some jurisdictions. |
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- Definition The entire disclosure for income taxes. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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Financial income and expenses |
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| Financial Income and expenses | Note 19. - Financial income and expenses Financial income and expenses The following table sets forth our financial income and expenses for the three-month periods ended March 31, 2018 and 2017:
Interests from other debts are primarily interest on the notes issued by ATS, ATN, ATN2, Atlantica Yield and Solaben Luxembourg and interest related to the investment from Liberty (see Note 16). Losses from interest rate derivatives designated as cash flow hedges correspond primarily to transfers from equity to financial expense when the hedged item is impacting the consolidated condensed income statement. Other net financial income and expenses The following table sets out ‘Other net financial income and expenses” for the three-month periods ended March 31, 2018, and 2017:
According to the agreement reached with Abengoa in the third quarter of 2016, Abengoa acknowledged that Atlantica Yield is the legal owner of the dividends declared on February 24, 2017 and retained from Abengoa amounting to $10.4 million. As a result, the Company recorded $10.4 million as Other financial income in accordance with the accounting treatment previously given to the ACBH dividend. As of March 31, 2017, Other financial losses mainly included a loss resulting from the derecognition of the fair value assigned to ACBH preferred equity investment and recognition of the Abengoa debt and equity instruments received, for $5.8 million. Residual items presented as Other financial losses are guarantees and letters of credit, wire transfers, other bank fees and other minor financial expenses. |
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- References No definition available.
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| X | ||||||||||
- Definition The disclosure of finance income (cost). [Refer: Finance income (cost)] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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Other operating expenses |
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| Other operating expenses [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other operating expenses | Note 20. - Other operating expenses The table below shows the detail of Other operating expenses for the three-month periods ended March 31, 2018, and 2017:
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- Definition The entire disclosure of other operating expense. No definition available.
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- References No definition available.
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Earnings per share |
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| Earnings per share [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings per share | Note 21. - Earnings per share Basic earnings per share has been calculated by dividing the loss attributable to equity holders by the average number of shares outstanding. Diluted earnings per share equals basic earnings per share for the periods presented.
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- Definition The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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Subsequent events |
3 Months Ended |
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Mar. 31, 2018 | |
| Subsequent events [Abstract] | |
| Subsequent events | Note 22. - Subsequent events On May 10, 2018, the Company entered into a $215 million revolving credit facility (“the “New Revolving Credit Facility”) with Royal Bank of Canada, as administrative agent and Royal Bank of Canada and Canadian Imperial Bank of Commerce, as issuers. The Company has the option to increase the amount of the Revolving Credit Facility by up to $85 million to $300 million, subject to certain conditions being met. The maturity of the New Revolving Credit Facility is December 2021. On May 11, 2018, the Board of Directors of the Company approved a dividend of $0.32 per share, which is expected to be paid on or about June 15, 2018. |
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- Definition The entire disclosure for events after the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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Basis of preparation (Policies) |
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| Basis of preparation [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Basis of preparation | The accompanying unaudited Consolidated Condensed Interim Financial Statements represent the consolidated results of the Company and its subsidiaries. The Company entered into an agreement with Abengoa on June 13, 2014 (the “ROFO Agreement”), as amended and restated on December 9, 2014, that provides the Company with a right of first offer on any proposed sale, transfer or other disposition of any of Abengoa’s contracted renewable energy, efficient natural gas, electric transmission or water assets in operation and located in the United States, Canada, Mexico, Chile, Peru, Uruguay, Brazil, Colombia and the European Union, as well as four assets in selected countries in Africa, the Middle East and Asia. The Company elected to account for the assets acquisitions under the ROFO Agreement using the Predecessor values as long as Abengoa had control over the Company, given that these were transactions between entities under common control. Any difference between the consideration given and the aggregate book value of the assets and liabilities of the acquired entities as of the date of the transaction has been reflected as an adjustment to equity. Abengoa has not had control over the Company since December 31, 2015. Therefore, any acquisition from Abengoa is accounted for in the consolidated accounts of Atlantica Yield since December 31, 2015, in accordance with IFRS 3, Business Combinations. The Company’s annual consolidated financial statements as of December 31, 2017, were approved by the Board of Directors on February 27, 2018. These Consolidated Condensed Interim Financial Statements are presented in accordance with International Accounting Standards (“IAS”) 34, “Interim Financial Reporting”. In accordance with IAS 34, interim financial information is prepared solely in order to update the most recent annual consolidated financial statements prepared by the Company, placing emphasis on new activities, occurrences and circumstances that have taken place during the three-month period ended March 31, 2018 and not duplicating the information previously published in the annual consolidated financial statements for the year ended December 31, 2017. Therefore, the Consolidated Condensed Interim Financial Statements do not include all the information that would be required in complete consolidated financial statements prepared in accordance with the IFRS-IASB (“International Financial Reporting Standards-International Accounting Standards Board”). In view of the above, for an adequate understanding of the information, these Consolidated Condensed Interim Financial Statements must be read together with Atlantica’s consolidated financial statements for the year ended December 31, 2017 included in the 2017 20-F. In determining the information to be disclosed in the notes to the Consolidated Condensed Interim Financial Statements, Atlantica, in accordance with IAS 34, has taken into account its materiality in relation to the Consolidated Condensed Interim Financial Statements. The Consolidated Condensed Interim Financial Statements are presented in U.S. dollars, which is the Company’s functional and presentation currency. Amounts included in these consolidated condensed interim financial statements are all expressed in thousands of U.S. dollars, unless otherwise indicated. Certain prior period amounts have been reclassified to conform to the current period presentation. Application of new accounting standards
The applications of these amendments have not had any material impact on these Consolidated Condensed Interim Financial Statements. In relation to IFRS 15, IFRS 9 and IFRS 16, the Company performed following analysis: IFRS 15 ‘Revenues from contracts with Customers’ In May 2014, the IASB (International Accounting Standards Board) published IFRS 15 “Recognition of Revenue from Contracts with Customers”. This Standard brings together all the applicable requirements and replaces the current standards for recognizing revenue: IAS 11 Construction Contracts, IAS 18 Revenue, IFRIC 13 Customer Loyalty Program, IFRIC 15 Agreements for the Construction of Real Estate, IFRIC 18 Transfers of Assets from Customers and SIC-31 Revenue—Barter Transactions Involving Advertising Services. The new requirements may lead to changes in the current revenue profile, since the Standard’s main principle is that the Company must recognize its revenue in accordance with the transfer of goods or services to the customers in an amount which reflects the consideration that the Company expects to receive in exchange for these goods or services. The model laid out by the Standard is structured in five steps:
Contracted concessional assets and price purchase agreements (PPAs) include fixed assets financed through project debt, related to service concession arrangements recorded in accordance with International Financial Reporting Interpretations Committee 12 (“IFRIC 12”), except for Palmucho, which is recorded in accordance with IAS 17 and PS10, PS20 and Seville PV, which are recorded as tangible assets in accordance with IAS 16. The infrastructures accounted for by the Company as concessions are related to the activities concerning electric transmission lines, solar electricity generation plants, efficient natural gas plants, wind farms and water plants. Currently, assets recorded in accordance with IFRIC 12 are classified as intangible assets or as financial assets, depending on the nature of the payment entitlements established in the contracts. According to IFRS 15, the Company should assess the goods and services promised in the contracts with the customers and shall identify as a performance obligation each promise to transfer to the customer a good or service (or a bundle of goods or services). In the case of contracts related to financial assets, the Company has identified two performance obligations (construction and operation of the asset). The contracts state that each service (construction and operation) has its own transaction price. For this reason, both performance obligations are separately identifiable in the context of the contract. The Company must allocate the total consideration to be received by the contract to each performance obligation. As mentioned above, the different services performed have been identified as two different performance obligations (construction and operation). Each performance obligation has its own transaction price stated in the contract. Such transaction prices are agreed in the contract by the parties in an orderly transaction, with no interrelation between both transaction prices and therefore correspond to the fair value of the goods and services provided in each case. As a result, for IFRS 15 purposes, the total transaction price will be allocated to each performance obligation in accordance with the two transaction prices stated within the contract, as they represent the respective fair values of the identified performance obligations. For the assets classified as intangible assets, the Company has identified the same performance obligations, (construction and operation), but in this case the consideration received by the Company for the construction services is a license. The grantor makes a non-cash payment for the construction services by giving the operator an intangible asset. When allocating fair value for IFRS 15 purposes, the Company will recognize as revenue for the first performance obligation the fair value of the construction services, and the amount corresponding to the sales of energy as the fair value of second performance obligation (operation). Additionally, in both cases, the services are satisfied over time. All the concessional assets of the Company are in operation and the Company satisfies the performance obligations and recognizes revenue over time. The same conclusion applies to concessional assets that are classified as tangible assets or leases. IFRS 15 also incorporates specific criteria to determine which costs relating to a contract should be capitalized by distinguishing between incremental costs of obtaining a contract and costs associated with fulfilling a contract. No significant costs of obtaining a contract or compliance (other than those that are already capitalized) have been identified. As the practice for revenue recognition applied until December 31, 2017, is consistent with the analysis above under IFRS 15, the Company considers that the adoption of this standard has no impact in the consolidated financial statements of the Company. Also, the Company adopted IFRS 15 applying the full retrospective method to each prior reporting period presented, but without changes in the comparative reporting periods as the adoption of the standard has no effect in the financial statements. IFRS 9 ‘Financial Instruments’ IFRS 9 Financial Instruments issued on 24 July 2014 is the IASB’s replacement of IAS 39 Financial Instruments: Recognition and Measurement. The standard addresses the classification, measurement and derecognition of financial assets and financial liabilities, introduces new rules for hedge accounting and a new impairment model for financial assets. The Company adopted the standard as of January 1, 2018, including the new requirements for hedge accounting. The Company adopted retrospectively without re-expressing comparative periods. The analysis performed by the Company is as follows:
a) Financial assets IFRS 9 classifies all financial assets that are currently in the scope of IAS 39 into two categories: amortized cost and fair value. Where assets are measured at fair value, gains and losses are either recognized entirely in profit or loss (fair value through profit or loss, “FVTPL”), or recognized in other comprehensive income (fair value through other comprehensive income, “FVTOCI”). The new guidance has no significant impact on the classification and measurement of the financial assets of the Company as the vast majority of financial assets (except for derivatives) are currently measured at amortized cost, and meet the conditions for classification at amortized cost under IFRS 9. As a result, the Company maintained this classification. b) Financial liabilities: IFRS 9 does not change the basic accounting model for financial liabilities under IAS 39. Two measurement categories continue to exist: FVTPL and amortized cost. Financial liabilities held for trading are measured at FVTPL, and all other financial liabilities are measured at amortized cost unless the fair value option is applied. As a result, the Company concluded that there is no significant impact on the consolidated financial statements.
The impact of applying IFRS 9 to the condensed interim financial statements for the three-month period ended March 31, 2018 is not significant. IFRS 16 ‘Leases’ The IASB issued a new lease accounting standard, IFRS 16, in January 2016, which requires the recognition of lease contracts on the consolidated statement of financial position. IFRS 16 eliminates the classification of leases as either operating leases or finance leases for a lessee. Instead all leases are treated in a similar way to finance leases applying IAS 17. Leases are ‘capitalized’ by recognizing the present value of the lease payments and showing them either as lease assets (right-of-use of assets) or together with property, plant and equipment. If lease payments are made over time, a company also recognizes a financial liability representing its obligation to make future lease payments. In the income statement, IFRS 16 replaces the straight-line operating lease expense for those leases applying IAS 17, with a depreciation charge for the lease asset (included within operating expenses) and an interest expense on the lease liability (included within finance expenses). IFRS 16 also impacts the presentation of cash flows related to former off-balance sheet leases. The Company performed its assessment of the impact on its consolidated financial statements. The most significant impact identified is that the Company recognizes new assets and liabilities for its existing operating leases of land rights, buildings, offices and equipment. The standard is effective for annual periods beginning on or after January 1, 2019, with earlier application permitted for entities that apply IFRS 15 at or before the date of initial application of IFRS 16. The Company decided to early adopt the standard as of January 1, 2018. An entity shall apply this standard using one of the following two methods: full retrospectively approach or a modified retrospective approach. The Company has chosen the latter and accounted for assets as an amount equal to liability at the date of initial application. The impact on the opening balance sheet of these consolidated financial statements is shown in the table below. The impact of applying IFRS 16 to the condensed interim financial statements for the three-month period ended March 31, 2018 is not significant. Summary of adjustments arising from application of IFRS 9 and IFRS 16 as of December 31, 2017
(*) The expected credit losses provision only applies to the concessional assets recorded as financial assets for an amount before provision of $936,004 thousand as of December 31, 2017 (see Note 6).
The Company does not anticipate any significant impact on the consolidated condensed financial statements derived from the application of the new standards and amendments that will be effective for annual periods beginning after March 31, 2018, although it is currently still in the process of evaluating such application. |
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| Use of estimates | Use of estimates Some of the accounting policies applied require the application of significant judgment by management to select the appropriate assumptions to determine these estimates. These assumptions and estimates are based on the Company´s historical experience, advice from experienced consultants, forecasts and other circumstances and expectations as of the close of the financial period. The assessment is considered in relation to the global economic situation of the industries and regions where the Company operates, taking into account future development of our businesses. By their nature, these judgments are subject to an inherent degree of uncertainty; therefore, actual results could materially differ from the estimates and assumptions used. In such cases, the carrying values of assets and liabilities are adjusted. The most critical accounting policies, which reflect significant management estimates and judgment to determine amounts in these Consolidated Condensed Interim Financial Statements, are as follows:
As of the date of preparation of these Consolidated Condensed Interim Financial Statements, no relevant changes in the estimates made are anticipated and, therefore, no significant changes in the value of the assets and liabilities recognized at March 31, 2018 are expected. Although these estimates and assumptions are being made using all available facts and circumstances, it is possible that future events may require management to amend such estimates and assumptions in future periods. Changes in accounting estimates are recognized prospectively, in accordance with IAS 8, in the consolidated income statement of the period in which the change occurs. |
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- Definition The description of the entity's accounting policy judgments that management has made in the process of applying the entity's accounting policies that have the most significant effect on amounts recognized in the financial statements along with information about the assumptions that the entity makes about the future, and other major sources of estimation uncertainty at the end of the reporting period, that have a significant risk of resulting in a material adjustment to the carrying amounts of assets and liabilities within the next year. No definition available.
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- Definition The explanation of the measurement basis (or bases) used in preparing the financial statements. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Fair value of financial instruments (Policies) |
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| Fair value of financial instruments [Abstract] | ||||||||||
| Fair value of financial instruments | Financial instruments measured at fair value are presented in accordance with the following level classification based on the nature of the inputs used for the calculation of fair value:
As of March 31, 2018 and December 31, 2017, all the financial instruments measured at fair value correspond to derivatives and have been classified as Level 2, except for some Abengoa debt and equity instruments received further to the implementation of Abengoa´s restructuring agreement on March 31, 2017, classified as Level 1 (see Note 8). |
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- Definition The description of the entity's accounting policy for fair value measurement. [Refer: At fair value [member]] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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Nature of the business (Tables) |
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| Overview of concessional assets | The following table provides an overview of the concessional assets the Company owned as of March 31, 2018:
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Basis of preparation (Tables) |
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| Summary of adjustments arising from application of IFRS 9 and IFRS | Summary of adjustments arising from application of IFRS 9 and IFRS 16 as of December 31, 2017
(*) The expected credit losses provision only applies to the concessional assets recorded as financial assets for an amount before provision of $936,004 thousand as of December 31, 2017 (see Note 6). |
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Financial information by segment (Tables) |
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Mar. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial information by segment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenues and Further Adjusted EBITDA, assets and liabilities by operating segments and business sectors |
The reconciliation of segment Further Adjusted EBITDA with the profit/(loss) attributable to the Company is as follows:
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| Assets and liabilities by geography |
Assets and liabilities by geography as of March 31, 2018:
Assets and liabilities by geography as of December 31, 2017:
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| Assets and liabilities by business sectors | Assets and liabilities by business sectors as of March 31, 2018:
Assets and liabilities by business sectors as of December 31, 2017;
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| Depreciation, amortization and impairment charges recognized |
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| X | ||||||||||
- Definition The disclosure of depreciation, amortization and impairment charges recognised by geography and business sector. No definition available.
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| X | ||||||||||
- Definition The disclosure of geographical information. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The disclosure of operating segments. [Refer: Operating segments [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The disclosure of the entity's products and services. [Refer: Products and services [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Contracted concessional assets (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Contracted concessional assets [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Movements of contracted concessional assets | The detail of contracted concessional assets included in the heading ‘Contracted concessional assets’ as of March 31, 2018 and December 31, 2017 is as follows:
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The disclosure of detailed information about contracted concessional assets. No definition available.
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Investments carried under the equity method (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investments carried under the equity method [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investments in associates | The table below shows the breakdown of the investments held in associates as of March 31, 2018 and December 31, 2017:
(*) Myah Bahr Honaine, S.P.A., the project entity, is 51% owned by Geida Tlemcen, S.L. which is accounted for using the equity method in these Consolidated Condensed Interim Financial Statements. Geida Tlemcen, S.L. is 50% owned by Atlantica. |
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The disclosure of associates. [Refer: Associates [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Financial investments (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial investments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-current and Current financial investments | The detail of Non-current and Current financial investment as of March 31, 2018 and December 31, 2017 are as follows:
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| X | ||||||||||
- Definition The disclosure of financial assets. [Refer: Financial assets] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
|
Derivative financial instruments (Tables) |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Derivative financial instruments [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair value amount of derivative financial instruments | The breakdowns of the fair value amount of the derivative financial instruments as of March 31, 2018 and December 31, 2017 are as follows:
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The disclosure of detailed information about hedging instruments. [Refer: Hedging instruments [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Related parties (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Related parties [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Related party receivables and payables | Details of balances with related parties as of March 31, 2018 and December 31, 2017 are as follows:
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| Related party transactions | The transactions carried out by entities included in these consolidated condensed financial statements with related parties not included in the consolidation perimeter of Atlantica, primarily with Abengoa and with subsidiaries of Abengoa, during the three-month periods ended March 31, 2018 and 2017 have been as follows:
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| X | ||||||||||
- Definition The disclosure of receivable and payable balances with related parties. No definition available.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The disclosure of transactions between the entity and its related parties. [Refer: Related parties [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
Clients and other receivable (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Clients and other receivable [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Clients and other receivable | Clients and other receivable as of March 31, 2018 and December 31, 2017, consist of the following:
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The disclosure of detailed information about client and other receivables. No definition available.
|
Corporate debt (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Corporate debt [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Corporate debt | The breakdown of the corporate debt as of March 31, 2018 and December 31, 2017 is as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Repayment schedule for corporate debt | The repayment schedule for the corporate debt as of March 31, 2018 is as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The disclosure of detailed information about corporate debt. No definition available.
|
| X | ||||||||||
- Definition The disclosure of a maturity analysis for corporate debt that shows the remaining contractual maturities. No definition available.
|
Project debt (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Project debt [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Project debt | The detail of Project debt of both non-current and current liabilities as of March 31, 2018 and December 31, 2017 is as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Repayment schedule for project debt | The repayment schedule for Project debt in accordance with the financing arrangements, as of March 31, 2018 is as follows and is consistent with the projected cash flows of the related projects:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
- Definition The disclosure of detailed information about project debt related to contracted concessional assets. No definition available.
|
| X | ||||||||||
- Definition The disclosure of a maturity analysis for project debt related to contracted concessional assets that shows the remaining contractual maturities in accordance with the financing arrangements. No definition available.
|
| X | ||||||||||
- References No definition available.
|
Grants and other liabilities (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Grants and other liabilities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Grants and other non-current liabilities |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
- Definition The disclosure of detailed information about government grants and other liabilities. No definition available.
|
| X | ||||||||||
- References No definition available.
|
Trade payables and other current liabilities (Tables) |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade payables and other current liabilities [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade payable and other current liabilities | Trade payable and other current liabilities as of March 31, 2018 and December 31, 2017 are as follows:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
- Definition The disclosure of detailed information about trade payables and other current liabilities. No definition available.
|
| X | ||||||||||
- References No definition available.
|
Financial income and expenses (Tables) |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial income and expenses [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial income | The following table sets forth our financial income and expenses for the three-month periods ended March 31, 2018 and 2017:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial expenses |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other net financial income and expenses | The following table sets out ‘Other net financial income and expenses” for the three-month periods ended March 31, 2018, and 2017:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
- Definition The disclosure of detailed information about other finance income (costs). No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The disclosure of finance cost. [Refer: Finance costs] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The disclosure of finance income. [Refer: Finance income] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
Other operating expenses (Tables) |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other operating expenses [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other operating expenses | The table below shows the detail of Other operating expenses for the three-month periods ended March 31, 2018, and 2017:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The disclosure of other operating expense. [Refer: Other operating income (expense)] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
Earnings per share (Tables) |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings per share [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings per share | Basic earnings per share has been calculated by dividing the loss attributable to equity holders by the average number of shares outstanding. Diluted earnings per share equals basic earnings per share for the periods presented.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The disclosure of earnings per share. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
Nature of the business, Description (Details) $ / shares in Units, $ in Thousands |
3 Months Ended | 12 Months Ended | ||
|---|---|---|---|---|
Mar. 09, 2018 |
Jun. 18, 2014
USD ($)
$ / shares
shares
|
Mar. 31, 2018 |
Dec. 31, 2014
USD ($)
ConcessionalAsset
|
|
| Nature of the business [Abstract] | ||||
| Shares issued (in shares) | shares | 24,850,000 | |||
| Share price (in dollars per share) | $ / shares | $ 29 | |||
| Proceeds from issuing shares | $ 720,650 | |||
| Subsidiary of Abengoa [Member] | ||||
| Nature of the business [Abstract] | ||||
| Shares purchased by underwriters (in shares) | shares | 3,727,500 | |||
| Total proceeds from offering | $ 828,748 | |||
| Algonquin [Member] | ||||
| Nature of the business [Abstract] | ||||
| Ownership interest | 25.00% | |||
| Abengoa [Member] | ||||
| Nature of the business [Abstract] | ||||
| Ownership interest | 16.50% | 16.47% | ||
| Number of concessional assets contributed | ConcessionalAsset | 10 | |||
| Interest consideration transferred | 64.28% | |||
| Cash consideration transferred | $ 655,300 | |||
| Cash retained for liquidity purposes | $ 30,000 |
| X | ||||||||||
- Definition The amount of cash retained by the acquiree recognised at the acquisition date for business combinations. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The number of contracted concessional assets contributed to the Company. No definition available.
|
| X | ||||||||||
- Definition The total cash inflow from issuing shares through an initial public offering and from a secondary offering. No definition available.
|
| X | ||||||||||
- Definition The proportion of ownership interests in the entity held by non-controlling interests. No definition available.
|
| X | ||||||||||
- Definition Price per share received for common stock issued or sold in the stock transaction. No definition available.
|
| X | ||||||||||
- Definition Number of shares of stock sold during the period in a secondary offering. No definition available.
|
| X | ||||||||||
- Definition The fair value, at acquisition date, of cash transferred as consideration in a business combination. [Refer: Business combinations [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The number of shares issued by the entity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The percentage of voting equity interests acquired in a business combination. [Refer: Business combinations [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The cash inflow from issuing shares. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Nature of the business, Assets acquired (Details) $ in Millions |
Feb. 28, 2018
USD ($)
MW
|
Jul. 30, 2015 |
|---|---|---|
| Kaxu [Member] | ||
| Nature of the business [Abstract] | ||
| Percentage interest acquired | 51.00% | |
| Mini- Hydro [Member] | ||
| Nature of the business [Abstract] | ||
| Percentage interest acquired | 100.00% | |
| Gross capacity | MW | 4 | |
| Acquisition purchase price | $ | $ 9 |
| X | ||||||||||
- Definition The maximum, or rated, power generation capacity, in MW, of power facility or group of facilities, without adjusting for the facility's power parasitic consumption. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The fair value, at acquisition date, of the consideration transferred in a business combination. [Refer: Business combinations [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The percentage of voting equity interests acquired in a business combination. [Refer: Business combinations [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Nature of the business, Concessional assets owned (Details) - USD ($) $ in Thousands |
3 Months Ended | ||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2013 |
Mar. 31, 2018 |
||||||||||||||||||||||||||
| ACT [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Type | Efficient natural gas | ||||||||||||||||||||||||||
| Ownership | 100.00% | ||||||||||||||||||||||||||
| Location | Mexico | ||||||||||||||||||||||||||
| Currency | [1] | USD | |||||||||||||||||||||||||
| Capacity (gross) | 300 MW | ||||||||||||||||||||||||||
| Counterparty credit ratings | [2] | BBB+/Baa3/BBB+ | |||||||||||||||||||||||||
| COD | 2Q 2013 | ||||||||||||||||||||||||||
| Contract years left | [3] | 15 years | |||||||||||||||||||||||||
| ATN [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Type | Transmission line | ||||||||||||||||||||||||||
| Ownership | 100.00% | ||||||||||||||||||||||||||
| Location | Peru | ||||||||||||||||||||||||||
| Currency | [1] | USD | |||||||||||||||||||||||||
| Capacity (gross) | 362 miles | ||||||||||||||||||||||||||
| Counterparty credit ratings | [2] | BBB+/A3/BBB+ | |||||||||||||||||||||||||
| COD | 1Q 2011 | ||||||||||||||||||||||||||
| Contract years left | [3] | 23 years | |||||||||||||||||||||||||
| ATS [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Type | Transmission line | ||||||||||||||||||||||||||
| Ownership | 100.00% | ||||||||||||||||||||||||||
| Location | Peru | ||||||||||||||||||||||||||
| Currency | [1] | USD | |||||||||||||||||||||||||
| Capacity (gross) | 569 miles | ||||||||||||||||||||||||||
| Counterparty credit ratings | [2] | BBB+/A3/BBB+ | |||||||||||||||||||||||||
| COD | 1Q 2014 | ||||||||||||||||||||||||||
| Contract years left | [3] | 26 years | |||||||||||||||||||||||||
| ATN2 [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Type | Transmission line | ||||||||||||||||||||||||||
| Ownership | 100.00% | ||||||||||||||||||||||||||
| Location | Peru | ||||||||||||||||||||||||||
| Currency | [1] | USD | |||||||||||||||||||||||||
| Capacity (gross) | 81 miles | ||||||||||||||||||||||||||
| Counterparty credit ratings | [2] | Not rated | |||||||||||||||||||||||||
| COD | 2Q 2015 | ||||||||||||||||||||||||||
| Contract years left | [3] | 15 years | |||||||||||||||||||||||||
| Quadra 1 [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Type | Transmission line | ||||||||||||||||||||||||||
| Ownership | 100.00% | ||||||||||||||||||||||||||
| Location | Chile | ||||||||||||||||||||||||||
| Currency | [1] | USD | |||||||||||||||||||||||||
| Capacity (gross) | 49 miles | ||||||||||||||||||||||||||
| Counterparty credit ratings | [2] | Not rated | |||||||||||||||||||||||||
| COD | 2Q 2014 | ||||||||||||||||||||||||||
| Contract years left | [3] | 17 years | |||||||||||||||||||||||||
| Quadra 2 [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Type | Transmission line | ||||||||||||||||||||||||||
| Ownership | 100.00% | ||||||||||||||||||||||||||
| Location | Chile | ||||||||||||||||||||||||||
| Currency | [1] | USD | |||||||||||||||||||||||||
| Capacity (gross) | 32 miles | ||||||||||||||||||||||||||
| Counterparty credit ratings | [2] | Not rated | |||||||||||||||||||||||||
| COD | 1Q 2014 | ||||||||||||||||||||||||||
| Contract years left | [3] | 17 years | |||||||||||||||||||||||||
| Palmucho [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Type | Transmission line | ||||||||||||||||||||||||||
| Ownership | 100.00% | ||||||||||||||||||||||||||
| Location | Chile | ||||||||||||||||||||||||||
| Currency | [1] | USD | |||||||||||||||||||||||||
| Capacity (gross) | 6 miles | ||||||||||||||||||||||||||
| Counterparty credit ratings | [2] | BBB+/Baa2/BBB+ | |||||||||||||||||||||||||
| COD | 4Q 2007 | ||||||||||||||||||||||||||
| Contract years left | [3] | 20 years | |||||||||||||||||||||||||
| Skikda [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Type | Water | ||||||||||||||||||||||||||
| Ownership | [4] | 34.20% | |||||||||||||||||||||||||
| Location | Algeria | ||||||||||||||||||||||||||
| Currency | [1] | USD | |||||||||||||||||||||||||
| Capacity (gross) | 3.5 M ft3/day | ||||||||||||||||||||||||||
| Counterparty credit ratings | [2] | Not rated | |||||||||||||||||||||||||
| COD | 1Q 2009 | ||||||||||||||||||||||||||
| Contract years left | [3] | 16 years | |||||||||||||||||||||||||
| Skikda [Member] | Algerian Energy Company, SPA [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Percentage of non-controlling interests | 49.00% | ||||||||||||||||||||||||||
| Skikda [Member] | Sadyt [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Percentage of non-controlling interests | 16.83% | ||||||||||||||||||||||||||
| Honaine [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Type | Water | ||||||||||||||||||||||||||
| Ownership | [5] | 25.50% | |||||||||||||||||||||||||
| Location | Algeria | ||||||||||||||||||||||||||
| Currency | [1] | USD | |||||||||||||||||||||||||
| Capacity (gross) | 7 M ft3/day | ||||||||||||||||||||||||||
| Counterparty credit ratings | [2] | Not rated | |||||||||||||||||||||||||
| COD | 3Q 2012 | ||||||||||||||||||||||||||
| Contract years left | [3] | 20 years | |||||||||||||||||||||||||
| Honaine [Member] | Algerian Energy Company, SPA [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Percentage of non-controlling interests | 49.00% | ||||||||||||||||||||||||||
| Honaine [Member] | Sadyt [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Percentage of non-controlling interests | 25.50% | ||||||||||||||||||||||||||
| PS10/PS20 [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Type | Renewable (Solar) | ||||||||||||||||||||||||||
| Ownership | 100.00% | ||||||||||||||||||||||||||
| Location | Spain | ||||||||||||||||||||||||||
| Currency | [1] | Euro | |||||||||||||||||||||||||
| Capacity (gross) | 31 MW | ||||||||||||||||||||||||||
| Counterparty credit ratings | [2] | A-/Baa1/A- | |||||||||||||||||||||||||
| COD | 1Q 2007 & 2Q 2009 | ||||||||||||||||||||||||||
| PS10 [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Contract years left | [3] | 14 years | |||||||||||||||||||||||||
| PS20 [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Contract years left | [3] | 16 years | |||||||||||||||||||||||||
| Solana [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Type | Renewable (Solar) | ||||||||||||||||||||||||||
| Ownership | 100.00% | ||||||||||||||||||||||||||
| Ownership interest type | [6] | Class B | |||||||||||||||||||||||||
| Location | Arizona (USA) | ||||||||||||||||||||||||||
| Currency | [1] | USD | |||||||||||||||||||||||||
| Capacity (gross) | 280 MW | ||||||||||||||||||||||||||
| Counterparty credit ratings | [2] | A-/A3/A- | |||||||||||||||||||||||||
| COD | 4Q 2013 | ||||||||||||||||||||||||||
| Contract years left | [3] | 26 years | |||||||||||||||||||||||||
| Solana [Member] | Liberty Interactive Corporation [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Class A membership investment | $ 300,000 | ||||||||||||||||||||||||||
| Percentage of dividends and taxable loss once certain conditions met | 22.60% | ||||||||||||||||||||||||||
| Solana [Member] | Liberty Interactive Corporation [Member] | Bottom of range [member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Percentage of dividends and taxable loss received | 54.06% | ||||||||||||||||||||||||||
| Solana [Member] | Liberty Interactive Corporation [Member] | Top of range [member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Percentage of dividends and taxable loss received | 61.20% | ||||||||||||||||||||||||||
| Mojave [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Type | Renewable (Solar) | ||||||||||||||||||||||||||
| Ownership | 100.00% | ||||||||||||||||||||||||||
| Location | California (USA) | ||||||||||||||||||||||||||
| Currency | [1] | USD | |||||||||||||||||||||||||
| Capacity (gross) | 280 MW | ||||||||||||||||||||||||||
| Counterparty credit ratings | [2] | BBB+/Baa1/BBB+ | |||||||||||||||||||||||||
| COD | 4Q 2014 | ||||||||||||||||||||||||||
| Contract years left | [3] | 22 years | |||||||||||||||||||||||||
| Solaben 2 & 3 [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Type | Renewable (Solar) | ||||||||||||||||||||||||||
| Ownership | [7] | 70.00% | |||||||||||||||||||||||||
| Location | Spain | ||||||||||||||||||||||||||
| Currency | [1] | Euro | |||||||||||||||||||||||||
| Capacity (gross) | 2x50 MW | ||||||||||||||||||||||||||
| Counterparty credit ratings | [2] | A-/Baa1/A- | |||||||||||||||||||||||||
| COD | 3Q 2012 & 2Q 2012 | ||||||||||||||||||||||||||
| Solaben 2 & 3 [Member] | Itochu Corporation [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Percentage of non-controlling interests | 30.00% | ||||||||||||||||||||||||||
| Solaben 2 [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Contract years left | [3] | 20 years | |||||||||||||||||||||||||
| Solaben 3 [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Contract years left | [3] | 19 years | |||||||||||||||||||||||||
| Solacor 1 & 2 [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Type | Renewable (Solar) | ||||||||||||||||||||||||||
| Ownership | [8] | 87.00% | |||||||||||||||||||||||||
| Location | Spain | ||||||||||||||||||||||||||
| Currency | [1] | Euro | |||||||||||||||||||||||||
| Capacity (gross) | 2x50 MW | ||||||||||||||||||||||||||
| Counterparty credit ratings | [2] | A-/Baa1/A- | |||||||||||||||||||||||||
| COD | 1Q 2012 & 1Q 2012 | ||||||||||||||||||||||||||
| Contract years left | [3] | 19 years | |||||||||||||||||||||||||
| Solacor 1 & 2 [Member] | JGC [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Percentage of non-controlling interests | 13.00% | ||||||||||||||||||||||||||
| Helioenergy 1 & 2 [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Type | Renewable (Solar) | ||||||||||||||||||||||||||
| Ownership | 100.00% | ||||||||||||||||||||||||||
| Location | Spain | ||||||||||||||||||||||||||
| Currency | [1] | Euro | |||||||||||||||||||||||||
| Capacity (gross) | 2x50 MW | ||||||||||||||||||||||||||
| Counterparty credit ratings | [2] | A-/Baa1/A- | |||||||||||||||||||||||||
| COD | 3Q 2011 & 4Q 2011 | ||||||||||||||||||||||||||
| Contract years left | [3] | 19 years | |||||||||||||||||||||||||
| Helios 1 & 2 [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Type | Renewable (Solar) | ||||||||||||||||||||||||||
| Ownership | 100.00% | ||||||||||||||||||||||||||
| Location | Spain | ||||||||||||||||||||||||||
| Currency | [1] | Euro | |||||||||||||||||||||||||
| Capacity (gross) | 2x50 MW | ||||||||||||||||||||||||||
| Counterparty credit ratings | [2] | A-/Baa1/A- | |||||||||||||||||||||||||
| COD | 3Q 2012 & 3Q 2012 | ||||||||||||||||||||||||||
| Contract years left | [3] | 20 years | |||||||||||||||||||||||||
| Solnova 1, 3 & 4 [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Type | Renewable (Solar) | ||||||||||||||||||||||||||
| Ownership | 100.00% | ||||||||||||||||||||||||||
| Location | Spain | ||||||||||||||||||||||||||
| Currency | [1] | Euro | |||||||||||||||||||||||||
| Capacity (gross) | 3x50 MW | ||||||||||||||||||||||||||
| Counterparty credit ratings | [2] | A-/Baa1/A- | |||||||||||||||||||||||||
| COD | 2Q 2010 & 2Q 2010 & 3Q 2010 | ||||||||||||||||||||||||||
| Solnova 1 [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Contract years left | [3] | 17 years | |||||||||||||||||||||||||
| Solnova 3 [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Contract years left | [3] | 17 years | |||||||||||||||||||||||||
| Solnova 4 [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Contract years left | [3] | 18 years | |||||||||||||||||||||||||
| Solaben 1 & 6 [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Type | Renewable (Solar) | ||||||||||||||||||||||||||
| Ownership | 100.00% | ||||||||||||||||||||||||||
| Location | Spain | ||||||||||||||||||||||||||
| Currency | [1] | Euro | |||||||||||||||||||||||||
| Capacity (gross) | 2x50 MW | ||||||||||||||||||||||||||
| Counterparty credit ratings | [2] | A-/Baa1/A- | |||||||||||||||||||||||||
| COD | 3Q 2013 | ||||||||||||||||||||||||||
| Contract years left | [3] | 21 years | |||||||||||||||||||||||||
| Seville PV [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Type | Renewable (Solar) | ||||||||||||||||||||||||||
| Ownership | [9] | 80.00% | |||||||||||||||||||||||||
| Location | Spain | ||||||||||||||||||||||||||
| Currency | [1] | Euro | |||||||||||||||||||||||||
| Capacity (gross) | 1 MW | ||||||||||||||||||||||||||
| Counterparty credit ratings | [2] | A-/Baa1/A- | |||||||||||||||||||||||||
| COD | 3Q 2006 | ||||||||||||||||||||||||||
| Contract years left | [3] | 18 years | |||||||||||||||||||||||||
| Seville PV [Member] | Idae [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Percentage of non-controlling interests | 20.00% | ||||||||||||||||||||||||||
| Kaxu [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Type | Renewable (Solar) | ||||||||||||||||||||||||||
| Ownership | [10] | 51.00% | |||||||||||||||||||||||||
| Location | South Africa | ||||||||||||||||||||||||||
| Currency | [1] | Rand | |||||||||||||||||||||||||
| Capacity (gross) | 100 MW | ||||||||||||||||||||||||||
| Counterparty credit ratings | [2],[11] | BB/Baa3/BB+ | |||||||||||||||||||||||||
| COD | 1Q 2015 | ||||||||||||||||||||||||||
| Contract years left | [3] | 17 years | |||||||||||||||||||||||||
| Kaxu [Member] | IDC [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Percentage of non-controlling interests | 29.00% | ||||||||||||||||||||||||||
| Kaxu [Member] | Kaxu Community Trust [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Percentage of non-controlling interests | 20.00% | ||||||||||||||||||||||||||
| Palmatir [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Type | Renewable (Wind) | ||||||||||||||||||||||||||
| Ownership | 100.00% | ||||||||||||||||||||||||||
| Location | Uruguay | ||||||||||||||||||||||||||
| Currency | [1] | USD | |||||||||||||||||||||||||
| Capacity (gross) | 50 MW | ||||||||||||||||||||||||||
| Counterparty credit ratings | [2],[12] | BBB/Baa2/BBB- | |||||||||||||||||||||||||
| COD | 2Q 2014 | ||||||||||||||||||||||||||
| Contract years left | [3] | 16 years | |||||||||||||||||||||||||
| Cadonal [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Type | Renewable (Wind) | ||||||||||||||||||||||||||
| Ownership | 100.00% | ||||||||||||||||||||||||||
| Location | Uruguay | ||||||||||||||||||||||||||
| Currency | [1] | USD | |||||||||||||||||||||||||
| Capacity (gross) | 50 MW | ||||||||||||||||||||||||||
| Counterparty credit ratings | [2],[12] | BBB/Baa2/BBB- | |||||||||||||||||||||||||
| COD | 4Q 2014 | ||||||||||||||||||||||||||
| Contract years left | [3] | 17 years | |||||||||||||||||||||||||
| Mini-Hydro [Member] | |||||||||||||||||||||||||||
| Nature of the business [Abstract] | |||||||||||||||||||||||||||
| Type | Renewable (Hydraulic) | ||||||||||||||||||||||||||
| Ownership | 100.00% | ||||||||||||||||||||||||||
| Location | Peru | ||||||||||||||||||||||||||
| Currency | [1] | USD | |||||||||||||||||||||||||
| Capacity (gross) | 4 MW | ||||||||||||||||||||||||||
| Counterparty credit ratings | [2] | BBB+/A3/BBB+ | |||||||||||||||||||||||||
| COD | 2Q 2012 | ||||||||||||||||||||||||||
| Contract years left | [3] | 15 years | |||||||||||||||||||||||||
| |||||||||||||||||||||||||||
| X | ||||||||||
- Definition The date the concessional asset began commercial operations. No definition available.
|
| X | ||||||||||
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| X | ||||||||||
- Definition A description of the gross capacity of the entity's concessional asset. No definition available.
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| X | ||||||||||
- Definition The geographical location of the concessional asset owned by the entity. No definition available.
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- References No definition available.
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| X | ||||||||||
- Definition The type of ownership interest in a corporation. No definition available.
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- Definition The percentage of the entity's revenue received once certain conditions are met. No definition available.
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| X | ||||||||||
- Definition The remaining period of time the concessional asset is under contract, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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| X | ||||||||||
- Definition The type of concessional asset owned by the entity. No definition available.
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- Definition The description of the currency of the primary economic environment in which the entity operates. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The percentage of the entity's revenue. [Refer: Revenue] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The proportion of ownership interest in a subsidiary attributable to the entity. [Refer: Subsidiaries [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The proportion of ownership interests in a subsidiary held by non-controlling interests. [Refer: Subsidiaries [member]; Non-controlling interests] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Nature of the business, Financing arrangements (Details) - Abengoa [Member] |
3 Months Ended | 12 Months Ended | |
|---|---|---|---|
Mar. 09, 2018 |
Mar. 31, 2018 |
Dec. 31, 2017 |
|
| Financing arrangements [Abstract] | |||
| Minimum ownership requirement percentage | 16.00% | 35.00% | |
| Ownership interest | 16.50% | 16.47% | |
| Percentage of outstanding shares pledged as collateral | 16.44% | ||
| Remaining ownership percentage | 16.47% | ||
| Solana and Mojave [Member] | |||
| Financing arrangements [Abstract] | |||
| Minimum ownership requirement percentage | 16.00% | 16.00% |
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The minimum percentage of ownership in a concessional asset required that will trigger a change of ownership clause for project financing arrangements. No definition available.
|
| X | ||||||||||
- Definition The percentage of outstanding shares of the entity that are pledged as collateral under various financing arrangements. No definition available.
|
| X | ||||||||||
- Definition The proportion of ownership interests in the entity held by non-controlling interests. No definition available.
|
| X | ||||||||||
- Definition Refers to the remaining ownership percentage that entity intends to sell in a private transaction. No definition available.
|
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| X | ||||||||||
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|
Basis of preparation (Details) $ in Thousands |
Jun. 13, 2014
ConcessionalAsset
|
Mar. 31, 2018
USD ($)
|
Dec. 31, 2017
USD ($)
|
|||
|---|---|---|---|---|---|---|
| Basis of preparation [Abstract] | ||||||
| Number of selected assets subject to ROFO Agreement | ConcessionalAsset | 4 | |||||
| Disclosure of expected impact of initial application of new standards or interpretations [line items] | ||||||
| Contracted concessional assets | $ 9,100,548 | $ 9,084,270 | ||||
| Deferred tax assets | 173,371 | 165,136 | ||||
| Long-term project debt | 5,230,432 | 5,228,917 | ||||
| Grants and other liabilities | 1,676,199 | 1,636,060 | ||||
| Deferred tax liabilities | 201,274 | 186,583 | ||||
| Other Reserves | 80,968 | |||||
| Retained Earnings | (493,790) | (477,214) | ||||
| Contracted concessional financial assets | $ 886,573 | 936,004 | ||||
| IFRS 9 Adjustments [Member] | Expected credit losses [Member] | ||||||
| Disclosure of expected impact of initial application of new standards or interpretations [line items] | ||||||
| Contracted concessional assets | [1] | (53,048) | ||||
| Deferred tax assets | [1] | 14,866 | ||||
| Retained Earnings | [1] | (38,182) | ||||
| IFRS 9 Adjustments [Member] | Modification of financial liabilities [Member] | ||||||
| Disclosure of expected impact of initial application of new standards or interpretations [line items] | ||||||
| Deferred tax assets | (3,055) | |||||
| Long-term project debt | (39,599) | |||||
| Deferred tax liabilities | 8,849 | |||||
| Retained Earnings | 27,695 | |||||
| IFRS 9 Adjustments [Member] | Hedge accounting [Member] | ||||||
| Disclosure of expected impact of initial application of new standards or interpretations [line items] | ||||||
| Other Reserves | 1,326 | |||||
| Retained Earnings | (1,326) | |||||
| IFRS 16 Adjustments [Member] | ||||||
| Disclosure of expected impact of initial application of new standards or interpretations [line items] | ||||||
| Contracted concessional assets | 62,982 | |||||
| Grants and other liabilities | 62,982 | |||||
| Restated [Member] | ||||||
| Disclosure of expected impact of initial application of new standards or interpretations [line items] | ||||||
| Contracted concessional assets | 9,094,204 | |||||
| Deferred tax assets | 176,947 | |||||
| Long-term project debt | 5,189,318 | |||||
| Grants and other liabilities | 1,699,042 | |||||
| Deferred tax liabilities | 195,432 | |||||
| Other Reserves | 82,294 | |||||
| Retained Earnings | $ (489,027) | |||||
| ||||||
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of assets held under a service concession arrangement. Concessional assets include property plant and equipment, financial assets and intangible assets that are expected to be used during more than one period. No definition available.
|
| X | ||||||||||
- Definition The amount of non-current government grants recognized on the statement of financial position as deferred income and the amount of non-current financial liabilities including investments made by Liberty Interactive Corporation that the entity does not separately disclose in the same statement or note. No definition available.
|
| X | ||||||||||
- Definition The non-current portion of non-current project debt issued at the project level under project finance. No definition available.
|
| X | ||||||||||
- Definition The number of assets in select countries subject to the entity's Right of First Offer (ROFO) Agreement. No definition available.
|
| X | ||||||||||
- Definition The amounts of income taxes recoverable in future periods in respect of: (a) deductible temporary differences; (b) the carryforward of unused tax losses; and (c) the carryforward of unused tax credits. [Refer: Temporary differences [member]; Unused tax credits [member]; Unused tax losses [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amounts of income taxes payable in future periods in respect of taxable temporary differences. [Refer: Temporary differences [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table. No definition available.
|
| X | ||||||||||
- Definition The amount of assets that are: (a) cash; (b) an equity instrument of another entity; (c) a contractual right: (i) to receive cash or another financial asset from another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity; or (d) a contract that will, or may be, settled in the entity’s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to receive a variable number of the entity’s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity’s own equity instruments. For this purpose the entity’s own equity instruments do not include puttable financial instruments classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity’s own equity instruments. [Refer: Financial instruments, class [member]; Financial liabilities] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition A component of equity representing reserves within equity, not including retained earnings. [Refer: Retained earnings] Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
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- Definition A component of equity representing the entity's cumulative undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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Financial information by segment, Business sectors (Details) ft³ / d in Millions |
3 Months Ended |
|---|---|
|
Mar. 31, 2018
ft³ / d
Plant
Line
SolarPlatform
WindFarm
mi
MW
| |
| United States [Member] | Renewable Energy [Member] | Solana [Member] | |
| Financial information by segment [Abstract] | |
| Number of contracted assets | Plant | 1 |
| Gross capacity | 280 |
| United States [Member] | Renewable Energy [Member] | Mojave [Member] | |
| Financial information by segment [Abstract] | |
| Number of contracted assets | Plant | 1 |
| Gross capacity | 280 |
| Spain [Member] | Renewable Energy [Member] | |
| Financial information by segment [Abstract] | |
| Number of contracted assets | SolarPlatform | 8 |
| Spain [Member] | Renewable Energy [Member] | PS10/PS20 [Member] | |
| Financial information by segment [Abstract] | |
| Gross capacity | 31 |
| Spain [Member] | Renewable Energy [Member] | Solacor 1 and Solacor 2 [Member] | |
| Financial information by segment [Abstract] | |
| Gross capacity | 100 |
| Spain [Member] | Renewable Energy [Member] | Solaben 2 and 3 [Member] | |
| Financial information by segment [Abstract] | |
| Gross capacity | 100 |
| Spain [Member] | Renewable Energy [Member] | Helioenergy 1 and 2 [Member] | |
| Financial information by segment [Abstract] | |
| Gross capacity | 100 |
| Spain [Member] | Renewable Energy [Member] | Helios 1 and 2 [Member] | |
| Financial information by segment [Abstract] | |
| Gross capacity | 100 |
| Spain [Member] | Renewable Energy [Member] | Solnova 1, 3 and 4 [Member] | |
| Financial information by segment [Abstract] | |
| Gross capacity | 150 |
| Spain [Member] | Renewable Energy [Member] | Solaben 1 and 6 [Member] | |
| Financial information by segment [Abstract] | |
| Gross capacity | 100 |
| Spain [Member] | Renewable Energy [Member] | Seville PV [Member] | |
| Financial information by segment [Abstract] | |
| Gross capacity | 1 |
| South Africa [Member] | Renewable Energy [Member] | Kaxu [Member] | |
| Financial information by segment [Abstract] | |
| Number of contracted assets | Plant | 1 |
| Gross capacity | 100 |
| Uruguay [Member] | Renewable Energy [Member] | Palmatir [Member] | |
| Financial information by segment [Abstract] | |
| Number of contracted assets | WindFarm | 1 |
| Gross capacity | 50 |
| Uruguay [Member] | Renewable Energy [Member] | Cadonal [Member] | |
| Financial information by segment [Abstract] | |
| Number of contracted assets | WindFarm | 1 |
| Gross capacity | 50 |
| Mexico [Member] | Efficient Natural Gas [Member] | ACT [Member] | |
| Financial information by segment [Abstract] | |
| Gross capacity | 300 |
| Term of take-or-pay contract | 20 years |
| Peru [Member] | Renewable Energy [Member] | |
| Financial information by segment [Abstract] | |
| Gross capacity | 4 |
| Peru [Member] | Electric Transmission Lines [Member] | ATN, ATS and ATN2 [Member] | |
| Financial information by segment [Abstract] | |
| Number of contracted assets | Line | 3 |
| Length of transmission lines | mi | 1,012 |
| Chile [Member] | Electric Transmission Lines [Member] | Quadra 1, Quadra 2, and Palmucho [Member] | |
| Financial information by segment [Abstract] | |
| Number of contracted assets | Line | 3 |
| Length of transmission lines | mi | 87 |
| Algeria [Member] | Water [Member] | Honaine and Skikda [Member] | |
| Financial information by segment [Abstract] | |
| Number of contracted assets | Plant | 2 |
| Aggregate capacity | ft³ / d | 10.5 |
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- Definition The maximum, or rated, power generation capacity, in MW, of power facility or group of facilities, without adjusting for the facility's power parasitic consumption. No definition available.
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- Definition The term of a take-or-pay contract in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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Financial information by segment, Revenues and Further Adjusted EBITDA (Details) $ in Thousands |
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2018
USD ($)
Customer
|
Mar. 31, 2017
USD ($)
Customer
|
|
| Financial information by segment [Abstract] | ||
| Number of customers representing more than 10% of total revenues | Customer | 3 | 2 |
| Revenue | $ 225,265 | $ 198,146 |
| Further Adjusted EBITDA | $ 177,968 | $ 163,950 |
| Renewable Energy [Member] | ||
| Financial information by segment [Abstract] | ||
| Number of customers representing more than 10% of total revenues | Customer | 2 | 1 |
| Revenue | $ 167,225 | $ 137,664 |
| Further Adjusted EBITDA | $ 131,435 | $ 102,626 |
| Efficient Natural Gas [Member] | ||
| Financial information by segment [Abstract] | ||
| Number of customers representing more than 10% of total revenues | Customer | 1 | 1 |
| Revenue | $ 28,387 | $ 29,800 |
| Further Adjusted EBITDA | 23,330 | 26,716 |
| Electric Transmission Lines [Member] | ||
| Financial information by segment [Abstract] | ||
| Revenue | 23,840 | 24,165 |
| Further Adjusted EBITDA | 19,836 | 30,459 |
| Water [Member] | ||
| Financial information by segment [Abstract] | ||
| Revenue | 5,813 | 6,517 |
| Further Adjusted EBITDA | 3,367 | 4,149 |
| North America [Member] | ||
| Financial information by segment [Abstract] | ||
| Revenue | 61,781 | 60,952 |
| Further Adjusted EBITDA | 60,247 | 54,753 |
| South America [Member] | ||
| Financial information by segment [Abstract] | ||
| Revenue | 29,536 | 28,527 |
| Further Adjusted EBITDA | 24,180 | 33,757 |
| EMEA [Member] | ||
| Financial information by segment [Abstract] | ||
| Revenue | 133,948 | 108,667 |
| Further Adjusted EBITDA | $ 93,541 | $ 75,440 |
| X | ||||||||||
- Definition Further adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) is calculated as profit/(loss) for the period attributable to the parent company, after adding back loss/(profit) attributable to non-controlling interests from continued operations, income tax, share of profit/(loss) of associates carried under the equity method, finance expense net, depreciation, amortization and impairment charges of entities included in the consolidated financial statements, and dividends received from the preferred equity investment in Abengoa Concessoes Brasil Holding S.A (ACBH). No definition available.
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- Definition The number of customers representing more than 10% of total revenues. No definition available.
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- References No definition available.
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- Definition The income arising in the course of an entity's ordinary activities. Income is increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in an increase in equity, other than those relating to contributions from equity participants. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Financial information by segment, Reconciliation of segment Further Adjusted EBITDA (Details) - USD ($) $ in Thousands |
3 Months Ended | |
|---|---|---|
Mar. 31, 2018 |
Mar. 31, 2017 |
|
| Financial information by segment [Abstract] | ||
| Loss attributable to the Company | $ (4,764) | $ (11,769) |
| (Loss)/Profit attributable to non-controlling interests | (3,254) | 2,638 |
| Income tax | 4,650 | (4,500) |
| Share of (profits)/losses of associates | 1,407 | 702 |
| Dividend from exchangeable preferred equity investment in ACBH (see Note 19) | 0 | 10,383 |
| Financial expense, net | 101,611 | 96,300 |
| Depreciation, amortization, and impairment charges | 74,624 | 76,876 |
| Total segment Further Adjusted EBITDA | 177,968 | 163,950 |
| Reconciling Item [Member] | ||
| Financial information by segment [Abstract] | ||
| (Loss)/Profit attributable to non-controlling interests | 3,254 | (2,638) |
| Income tax | 4,650 | (4,500) |
| Share of (profits)/losses of associates | (1,407) | (702) |
| Dividend from exchangeable preferred equity investment in ACBH (see Note 19) | 0 | 10,383 |
| Financial expense, net | 101,611 | 96,300 |
| Depreciation, amortization, and impairment charges | 74,624 | 76,876 |
| Allocated [Member] | ||
| Financial information by segment [Abstract] | ||
| Total segment Further Adjusted EBITDA | $ 177,968 | $ 163,950 |
| X | ||||||||||
- Definition Dividends received from ACBH preferred equity investment in 2014 and 2015 and dividend retained from the amount payable to Abengoa pursuant to the agreements in place with Abengoa and ACBH, in lieu of dividends not received from ACBH, which were accounted for as dividend received from ACBH. No definition available.
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- Definition The amount of costs associated with financing activities of the entity, net of the amount of income associated with interest and other financing activities of the entity and exchange gains (losses) recognized in profit or loss that arise from foreign currency transactions. No definition available.
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- Definition Further adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) is calculated as profit/(loss) for the period attributable to the parent company, after adding back loss/(profit) attributable to non-controlling interests from continued operations, income tax, share of profit/(loss) of associates carried under the equity method, finance expense net, depreciation, amortization and impairment charges of entities included in the consolidated financial statements, and dividends received from the preferred equity investment in Abengoa Concessoes Brasil Holding S.A (ACBH). No definition available.
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- References No definition available.
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- Definition The amount of depreciation expense, amortisation expense and impairment loss (reversal of impairment loss) recognised in profit or loss. [Refer: Depreciation and amortisation expense; Impairment loss (reversal of impairment loss) recognised in profit or loss] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax that relate to continuing operations. [Refer: Continuing operations [member]; Current tax expense (income); Deferred tax expense (income)] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The profit (loss) attributable to non-controlling interests. [Refer: Profit (loss); Non-controlling interests] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The profit (loss) attributable to owners of the parent. [Refer: Profit (loss)] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The entity's share of the profit (loss) of associates accounted for using the equity method. [Refer: Associates [member]; Investments accounted for using equity method; Profit (loss)] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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Financial information by segment, Assets and liabilities by geography (Details) - USD ($) $ in Thousands |
Mar. 31, 2018 |
Dec. 31, 2017 |
Mar. 31, 2017 |
Dec. 31, 2016 |
|---|---|---|---|---|
| Assets [Abstract] | ||||
| Contracted concessional assets | $ 9,100,548 | $ 9,084,270 | ||
| Investments carried under the equity method | 57,648 | 55,784 | ||
| Current financial investments | 209,209 | 210,138 | ||
| Cash and cash equivalents (project companies) | 755,902 | 669,387 | $ 589,392 | $ 594,811 |
| Total assets | 10,610,198 | 10,492,339 | ||
| Liabilities [Abstract] | ||||
| Long-term and short-term project debt | 5,533,760 | 5,475,208 | ||
| Grants and other liabilities | 1,676,199 | 1,636,060 | ||
| Long-term and short-term corporate debt | 657,321 | 643,083 | ||
| Total liabilities | 8,715,062 | 8,596,886 | ||
| Equity | 1,895,136 | 1,895,453 | $ 1,940,894 | $ 1,959,111 |
| Total liabilities and equity | 10,610,198 | 10,492,339 | ||
| North America [Member] | ||||
| Assets [Abstract] | ||||
| Contracted concessional assets | 3,648,673 | 3,770,169 | ||
| Investments carried under the equity method | 0 | 0 | ||
| Current financial investments | 111,368 | 116,451 | ||
| Cash and cash equivalents (project companies) | 171,818 | 149,236 | ||
| Total assets | 3,931,859 | 4,035,856 | ||
| Liabilities [Abstract] | ||||
| Long-term and short-term project debt | 1,770,892 | 1,821,102 | ||
| Grants and other liabilities | 1,573,449 | 1,593,048 | ||
| Total liabilities | 3,344,341 | 3,414,150 | ||
| South America [Member] | ||||
| Assets [Abstract] | ||||
| Contracted concessional assets | 1,102,958 | 1,100,778 | ||
| Investments carried under the equity method | 0 | 0 | ||
| Current financial investments | 65,757 | 59,831 | ||
| Cash and cash equivalents (project companies) | 38,078 | 42,548 | ||
| Total assets | 1,206,793 | 1,203,157 | ||
| Liabilities [Abstract] | ||||
| Long-term and short-term project debt | 867,581 | 876,063 | ||
| Grants and other liabilities | 5,268 | 810 | ||
| Total liabilities | 872,849 | 876,873 | ||
| EMEA [Member] | ||||
| Assets [Abstract] | ||||
| Contracted concessional assets | 4,348,917 | 4,213,323 | ||
| Investments carried under the equity method | 57,648 | 55,784 | ||
| Current financial investments | 30,674 | 31,263 | ||
| Cash and cash equivalents (project companies) | 394,587 | 329,078 | ||
| Total assets | 4,831,826 | 4,629,448 | ||
| Liabilities [Abstract] | ||||
| Long-term and short-term project debt | 2,895,287 | 2,778,043 | ||
| Grants and other liabilities | 97,482 | 42,202 | ||
| Total liabilities | 2,992,769 | 2,820,245 | ||
| Allocated [Member] | ||||
| Assets [Abstract] | ||||
| Contracted concessional assets | 9,100,548 | 9,084,270 | ||
| Investments carried under the equity method | 57,648 | 55,784 | ||
| Current financial investments | 207,799 | 207,545 | ||
| Cash and cash equivalents (project companies) | 604,483 | 520,862 | ||
| Total assets | 9,970,478 | 9,868,461 | ||
| Liabilities [Abstract] | ||||
| Long-term and short-term project debt | 5,533,760 | 5,475,208 | ||
| Grants and other liabilities | 1,676,199 | 1,636,060 | ||
| Total liabilities | 7,209,959 | 7,111,268 | ||
| Unallocated [Member] | ||||
| Assets [Abstract] | ||||
| Other non-current assets | 220,569 | 210,378 | ||
| Other current assets (including cash and cash equivalents at holding company level) | 419,151 | 413,500 | ||
| Total assets | 639,720 | 623,878 | ||
| Liabilities [Abstract] | ||||
| Long-term and short-term corporate debt | 657,321 | 643,083 | ||
| Other non-current liabilities | 666,634 | 657,345 | ||
| Other current liabilities | 181,148 | 185,190 | ||
| Total liabilities | 1,505,103 | 1,485,618 | ||
| Equity | 1,895,136 | 1,895,453 | ||
| Total liabilities and equity | $ 3,400,239 | $ 3,381,071 |
| X | ||||||||||
- Definition The amount of current inventories, current trade receivables and current other receivables, and cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value at the holding company level. No definition available.
|
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- Definition The amount of non-current financial assets and deferred tax assets for income taxes recoverable in future periods in respect of: (a) deductible temporary differences; (b) the carryforward of unused tax losses; and (c) the carryforward of unused tax credits.. No definition available.
|
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- Definition The amount of assets held under a service concession arrangement. Concessional assets include property plant and equipment, financial assets and intangible assets that are expected to be used during more than one period. No definition available.
|
| X | ||||||||||
- Definition The amount of current trade payables and current other payables, and current tax liabilities. No definition available.
|
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- Definition The amount of non-current payables due to related parties, non-current derivative financial liabilities, and deferred tax liabilities for income taxes payable in future periods in respect of taxable temporary differences. No definition available.
|
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- Definition The current and non-current portions of credit facilities with financial entities, notes and bonds received at the corporate parent level. No definition available.
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- Definition The current and non-current portions of project debt issued at the project level under project finance. No definition available.
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- Definition The amount of non-current government grants recognized on the statement of financial position as deferred income and the amount of non-current financial liabilities including investments made by Liberty Interactive Corporation that the entity does not separately disclose in the same statement or note. No definition available.
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- Definition The amount of resources: (a) controlled by the entity as a result of past events; and (b) from which future economic benefits are expected to flow to the entity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
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- Definition The amount of current financial assets. [Refer: Financial assets] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
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- Definition The amount of residual interest in the assets of the entity after deducting all its liabilities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of the entity's equity and liabilities. [Refer: Equity; Liabilities] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of investments accounted for using the equity method. The equity method is a method of accounting whereby the investment is initially recognised at cost and adjusted thereafter for the post-acquisition change in the investor's share of net assets of the investee. The investor's profit or loss includes its share of the profit or loss of the investee. The investor's other comprehensive income includes its share of the other comprehensive income of the investee. [Refer: At cost [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of present obligations of the entity arising from past events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Financial information by segment, Assets and liabilities by business sectors (Details) - USD ($) $ in Thousands |
Mar. 31, 2018 |
Dec. 31, 2017 |
Mar. 31, 2017 |
Dec. 31, 2016 |
|---|---|---|---|---|
| Assets [Abstract] | ||||
| Contracted concessional assets | $ 9,100,548 | $ 9,084,270 | ||
| Investments carried under the equity method | 57,648 | 55,784 | ||
| Current financial investments | 209,209 | 210,138 | ||
| Cash and cash equivalents (project companies) | 755,902 | 669,387 | $ 589,392 | $ 594,811 |
| Total assets | 10,610,198 | 10,492,339 | ||
| Liabilities [Abstract] | ||||
| Long-term and short-term project debt | 5,533,760 | 5,475,208 | ||
| Grants and other liabilities | 1,676,199 | 1,636,060 | ||
| Long-term and short-term corporate debt | 657,321 | 643,083 | ||
| Total liabilities | 8,715,062 | 8,596,886 | ||
| Equity | 1,895,136 | 1,895,453 | $ 1,940,894 | $ 1,959,111 |
| Total liabilities and equity | 10,610,198 | 10,492,339 | ||
| Renewable Energy [Member] | ||||
| Assets [Abstract] | ||||
| Contracted concessional assets | 7,506,986 | 7,436,362 | ||
| Investments carried under the equity method | 12,249 | 12,419 | ||
| Current financial investments | 16,370 | 17,249 | ||
| Cash and cash equivalents (project companies) | 545,115 | 452,792 | ||
| Total assets | 8,080,720 | 7,918,822 | ||
| Liabilities [Abstract] | ||||
| Long-term and short-term project debt | 4,261,465 | 4,162,596 | ||
| Grants and other liabilities | 1,673,605 | 1,635,508 | ||
| Total liabilities | 5,935,070 | 5,798,104 | ||
| Efficient Natural Gas [Member] | ||||
| Assets [Abstract] | ||||
| Contracted concessional assets | 619,079 | 660,387 | ||
| Investments carried under the equity method | 0 | 0 | ||
| Current financial investments | 111,347 | 116,430 | ||
| Cash and cash equivalents (project companies) | 29,268 | 39,064 | ||
| Total assets | 759,694 | 815,881 | ||
| Liabilities [Abstract] | ||||
| Long-term and short-term project debt | 547,662 | 579,173 | ||
| Grants and other liabilities | 840 | 552 | ||
| Total liabilities | 548,502 | 579,725 | ||
| Electric Transmission Lines [Member] | ||||
| Assets [Abstract] | ||||
| Contracted concessional assets | 884,706 | 897,269 | ||
| Investments carried under the equity method | 0 | 0 | ||
| Current financial investments | 65,215 | 59,289 | ||
| Cash and cash equivalents (project companies) | 13,924 | 15,325 | ||
| Total assets | 963,845 | 971,883 | ||
| Liabilities [Abstract] | ||||
| Long-term and short-term project debt | 690,346 | 698,346 | ||
| Grants and other liabilities | 978 | 0 | ||
| Total liabilities | 691,324 | 698,346 | ||
| Water [Member] | ||||
| Assets [Abstract] | ||||
| Contracted concessional assets | 89,777 | 90,252 | ||
| Investments carried under the equity method | 45,399 | 43,365 | ||
| Current financial investments | 14,867 | 14,577 | ||
| Cash and cash equivalents (project companies) | 16,176 | 13,681 | ||
| Total assets | 166,219 | 161,875 | ||
| Liabilities [Abstract] | ||||
| Long-term and short-term project debt | 34,287 | 35,093 | ||
| Grants and other liabilities | 776 | 0 | ||
| Total liabilities | 35,063 | 35,093 | ||
| Allocated [Member] | ||||
| Assets [Abstract] | ||||
| Contracted concessional assets | 9,100,548 | 9,084,270 | ||
| Investments carried under the equity method | 57,648 | 55,784 | ||
| Current financial investments | 207,799 | 207,545 | ||
| Cash and cash equivalents (project companies) | 604,483 | 520,862 | ||
| Total assets | 9,970,478 | 9,868,461 | ||
| Liabilities [Abstract] | ||||
| Long-term and short-term project debt | 5,533,760 | 5,475,208 | ||
| Grants and other liabilities | 1,676,199 | 1,636,060 | ||
| Total liabilities | 7,209,959 | 7,111,268 | ||
| Unallocated [Member] | ||||
| Assets [Abstract] | ||||
| Other non-current assets | 220,569 | 210,378 | ||
| Other current assets (including cash and cash equivalents at holding company level) | 419,151 | 413,500 | ||
| Total assets | 639,720 | 623,878 | ||
| Liabilities [Abstract] | ||||
| Long-term and short-term corporate debt | 657,321 | 643,083 | ||
| Other non-current liabilities | 666,634 | 657,345 | ||
| Other current liabilities | 181,148 | 185,190 | ||
| Total liabilities | 1,505,103 | 1,485,618 | ||
| Equity | 1,895,136 | 1,895,453 | ||
| Total liabilities and equity | $ 3,400,239 | $ 3,381,071 |
| X | ||||||||||
- Definition The amount of current inventories, current trade receivables and current other receivables, and cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value at the holding company level. No definition available.
|
| X | ||||||||||
- Definition The amount of non-current financial assets and deferred tax assets for income taxes recoverable in future periods in respect of: (a) deductible temporary differences; (b) the carryforward of unused tax losses; and (c) the carryforward of unused tax credits.. No definition available.
|
| X | ||||||||||
- Definition The amount of assets held under a service concession arrangement. Concessional assets include property plant and equipment, financial assets and intangible assets that are expected to be used during more than one period. No definition available.
|
| X | ||||||||||
- Definition The amount of current trade payables and current other payables, and current tax liabilities. No definition available.
|
| X | ||||||||||
- Definition The amount of non-current payables due to related parties, non-current derivative financial liabilities, and deferred tax liabilities for income taxes payable in future periods in respect of taxable temporary differences. No definition available.
|
| X | ||||||||||
- Definition The current and non-current portions of credit facilities with financial entities, notes and bonds received at the corporate parent level. No definition available.
|
| X | ||||||||||
- Definition The current and non-current portions of project debt issued at the project level under project finance. No definition available.
|
| X | ||||||||||
- Definition The amount of non-current government grants recognized on the statement of financial position as deferred income and the amount of non-current financial liabilities including investments made by Liberty Interactive Corporation that the entity does not separately disclose in the same statement or note. No definition available.
|
| X | ||||||||||
- Definition The amount of resources: (a) controlled by the entity as a result of past events; and (b) from which future economic benefits are expected to flow to the entity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of current financial assets. [Refer: Financial assets] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of residual interest in the assets of the entity after deducting all its liabilities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of the entity's equity and liabilities. [Refer: Equity; Liabilities] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of investments accounted for using the equity method. The equity method is a method of accounting whereby the investment is initially recognised at cost and adjusted thereafter for the post-acquisition change in the investor's share of net assets of the investee. The investor's profit or loss includes its share of the profit or loss of the investee. The investor's other comprehensive income includes its share of the other comprehensive income of the investee. [Refer: At cost [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of present obligations of the entity arising from past events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Financial information by segment, Depreciation, amortization and impairment charges recognized (Details) - USD ($) $ in Thousands |
3 Months Ended | |
|---|---|---|
Mar. 31, 2018 |
Mar. 31, 2017 |
|
| Financial information by segment [Abstract] | ||
| Depreciation, amortization, and impairment charges | $ (74,624) | $ (76,876) |
| Renewable Energy [Member] | ||
| Financial information by segment [Abstract] | ||
| Depreciation, amortization, and impairment charges | (67,554) | (69,828) |
| Electric Transmission Lines [Member] | ||
| Financial information by segment [Abstract] | ||
| Depreciation, amortization, and impairment charges | (7,070) | (7,048) |
| North America [Member] | ||
| Financial information by segment [Abstract] | ||
| Depreciation, amortization, and impairment charges | (23,861) | (31,940) |
| South America [Member] | ||
| Financial information by segment [Abstract] | ||
| Depreciation, amortization, and impairment charges | (10,197) | (10,057) |
| EMEA [Member] | ||
| Financial information by segment [Abstract] | ||
| Depreciation, amortization, and impairment charges | $ (40,566) | $ (34,879) |
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of depreciation expense, amortisation expense and impairment loss (reversal of impairment loss) recognised in profit or loss. [Refer: Depreciation and amortisation expense; Impairment loss (reversal of impairment loss) recognised in profit or loss] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Changes in the scope of the Consolidated Condensed Interim Financial Statements (Details) - Mini-Hydro [Member] $ in Thousands |
Feb. 28, 2018
USD ($)
|
|---|---|
| Changes in the scope of the consolidated financial statements [Abstract] | |
| Percentage interest acquired | 100.00% |
| Purchase price | $ 9,324 |
| X | ||||||||||
- Definition The fair value, at acquisition date, of the consideration transferred in a business combination. [Refer: Business combinations [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The percentage of voting equity interests acquired in a business combination. [Refer: Business combinations [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Details
|
Contracted concessional assets (Details) - USD ($) $ in Thousands |
3 Months Ended | 12 Months Ended |
|---|---|---|
Mar. 31, 2018 |
Dec. 31, 2017 |
|
| Contracted Concessional Assets [Abstract] | ||
| Contracted concessional assets | $ 9,100,548 | $ 9,084,270 |
| Contracted concessional financial assets | 886,573 | 936,004 |
| Impairment loss on contracted consessional financial assets | 0 | 0 |
| Cost [Member] | ||
| Contracted Concessional Assets [Abstract] | ||
| Contracted concessional assets | 10,751,202 | 10,633,769 |
| Amortization and Impairment [Member] | ||
| Contracted Concessional Assets [Abstract] | ||
| Contracted concessional assets | $ (1,650,654) | $ (1,549,499) |
| X | ||||||||||
- Definition The amount of assets held under a service concession arrangement. Concessional assets include property plant and equipment, financial assets and intangible assets that are expected to be used during more than one period. No definition available.
|
| X | ||||||||||
- Definition The amount of assets that are: (a) cash; (b) an equity instrument of another entity; (c) a contractual right: (i) to receive cash or another financial asset from another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity; or (d) a contract that will, or may be, settled in the entity’s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to receive a variable number of the entity’s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity’s own equity instruments. For this purpose the entity’s own equity instruments do not include puttable financial instruments classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity’s own equity instruments. [Refer: Financial instruments, class [member]; Financial liabilities] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of impairment loss recognised in profit or loss for property, plant and equipment. [Refer: Impairment loss recognised in profit or loss; Property, plant and equipment] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Investments carried under the equity method (Details) - USD ($) $ in Thousands |
3 Months Ended | |||
|---|---|---|---|---|
Mar. 31, 2018 |
Dec. 31, 2017 |
|||
| Investments in associates [Abstract] | ||||
| Investment under the equity method | $ 57,648 | $ 55,784 | ||
| Geida Tlemcen, S.L. [Member] | ||||
| Investments in associates [Abstract] | ||||
| Ownership interest | 50.00% | |||
| Evacuacion Valdecaballeros, S.L. [Member] | ||||
| Investments in associates [Abstract] | ||||
| Investment under the equity method | $ 9,061 | 9,175 | ||
| Myah Bahr Honaine, S.P.A. [Member] | ||||
| Investments in associates [Abstract] | ||||
| Investment under the equity method | [1] | $ 45,399 | 43,365 | |
| Myah Bahr Honaine, S.P.A. [Member] | Geida Tlemcen, S.L. [Member] | ||||
| Investments in associates [Abstract] | ||||
| Ownership interest | 51.00% | |||
| Pectonex, R.F. Proprietary Limited [Member] | ||||
| Investments in associates [Abstract] | ||||
| Investment under the equity method | $ 3,188 | 3,244 | ||
| Evacuacion Villanueva del Rey, S.L [Member] | ||||
| Investments in associates [Abstract] | ||||
| Investment under the equity method | 0 | 0 | ||
| Associate Companies [Member] | ||||
| Investments in associates [Abstract] | ||||
| Investment under the equity method | $ 57,648 | $ 55,784 | ||
| ||||
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of investments accounted for using the equity method. The equity method is a method of accounting whereby the investment is initially recognised at cost and adjusted thereafter for the post-acquisition change in the investor's share of net assets of the investee. The investor's profit or loss includes its share of the profit or loss of the investee. The investor's other comprehensive income includes its share of the other comprehensive income of the investee. [Refer: At cost [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The proportion of ownership interest in a subsidiary attributable to the entity. [Refer: Subsidiaries [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Financial investments (Details) - USD ($) $ in Thousands |
Mar. 31, 2018 |
Dec. 31, 2017 |
|---|---|---|
| Financial investments [Abstract] | ||
| Fair Value through OCI (Investment in Ten West link) | $ 2,494 | $ 2,088 |
| Derivative assets | 10,983 | 8,230 |
| Other receivable accounts at amortized cost | 33,721 | 34,924 |
| Total non-current financial investments | 47,198 | 45,242 |
| Fair value through profit or loss | 1,119 | 1,715 |
| Contracted concessional financial assets | 125,191 | 131,066 |
| Other receivable accounts at amortized cost | 82,899 | 77,357 |
| Total current financial investments | $ 209,209 | $ 210,138 |
| X | ||||||||||
- Definition The amount of current contracted concessional financial assets No definition available.
|
| X | ||||||||||
- Definition The amount of current financial assets. [Refer: Financial assets] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of current financial assets measured at amortised cost. [Refer: Financial assets at amortised cost] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of current financial assets measured at fair value through other comprehensive income. [Refer: Financial assets measured at fair value through other comprehensive income] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of non-current derivative financial assets. [Refer: Derivative financial assets] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The amount of non-current financial assets. [Refer: Financial assets] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of non-current financial assets measured at fair value through other comprehensive income. [Refer: Financial assets measured at fair value through other comprehensive income] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of non-current other receivables. [Refer: Other receivables] Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
Financial investments, Restructuring agreement of Abengoa (Details) - Ten West Link [Member] |
3 Months Ended |
|---|---|
|
Mar. 31, 2018
mi
| |
| Restructuring Agreement [Abstract] | |
| Percentage interest acquired | 12.50% |
| Length of transmission lines | 114 |
| X | ||||||||||
- Definition The total span, length or measured distance of transmission lines. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The percentage of voting equity interests acquired in a business combination. [Refer: Business combinations [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Details
|
Derivative financial instruments (Details) - USD ($) $ in Thousands |
3 Months Ended | ||
|---|---|---|---|
Mar. 31, 2018 |
Mar. 31, 2017 |
Dec. 31, 2017 |
|
| Breakdown of fair value amount of derivative financial instruments [Abstract] | |||
| Loss on cash flow hedges | $ 17,335 | $ 16,960 | |
| Interest Rate Derivatives [Member] | Cash Flow Hedge [Member] | |||
| Breakdown of fair value amount of derivative financial instruments [Abstract] | |||
| Assets | 10,983 | $ 8,230 | |
| Liabilities | 320,366 | 329,731 | |
| Loss on cash flow hedges | (17,335) | (16,960) | |
| Gain (loss) on net amount of time value component | (336) | $ (274) | |
| After-tax result accumulated in equity | $ 96,141 | $ 80,968 | |
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The gain (loss) on the change in fair value of the hedged item used as a basis for recognising hedge ineffectiveness. Hedge ineffectiveness is the extent to which the changes in the fair value or the cash flows of the hedging instrument are greater or less than those on the hedged item. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The gains (losses) recognised in other comprehensive income on cash flow hedges, before tax. [Refer: Cash flow hedges [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of a hedging instrument, recognised as an asset. [Refer: Hedging instruments [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of a hedging instrument, recognised as a liability. [Refer: Hedging instruments [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition A component of equity representing the reserve of cash flow hedges in relation to continuing hedges. [Refer: Reserve of cash flow hedges] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Related parties (Details) - USD ($) $ in Thousands |
1 Months Ended | 3 Months Ended | 12 Months Ended | ||||
|---|---|---|---|---|---|---|---|
Apr. 26, 2018 |
Nov. 30, 2017 |
Feb. 24, 2017 |
Mar. 31, 2018 |
Mar. 31, 2018 |
Mar. 31, 2017 |
Dec. 31, 2017 |
|
| Details of Balances [Abstract] | |||||||
| Current receivables with related parties | $ 10,994 | $ 10,994 | $ 10,544 | ||||
| Non-current receivables with related parties | 2,518 | 2,518 | 2,108 | ||||
| Current payables with related parties | 42,909 | 42,909 | 63,409 | ||||
| Non-current payables with related parties | 144,994 | 144,994 | 141,031 | ||||
| Transactions With Related Party [Abstract] | |||||||
| Financial income | 296 | $ 320 | |||||
| Financial expenses | (100,067) | (101,039) | |||||
| Dividends retained from Abengoa | $ 10,400 | ||||||
| Repayment of project debt | 70,147 | 306,198 | |||||
| Related Parties [Member] | |||||||
| Transactions With Related Party [Abstract] | |||||||
| Operation and Maintenance payables | 60,000 | 60,000 | |||||
| Dividends retained from Abengoa | 10,400 | ||||||
| Related Parties [Member] | Subsequent Events [Member] | |||||||
| Transactions With Related Party [Abstract] | |||||||
| Accrued Operation and Maintenance payables paid | $ 18,000 | ||||||
| Subsidiaries [Member] | |||||||
| Transactions With Related Party [Abstract] | |||||||
| Services rendered | 0 | 13 | |||||
| Services received | (26,541) | (24,969) | |||||
| Financial income | 1,386 | 12 | |||||
| Financial expenses | $ (341) | $ (364) | |||||
| Abengoa [Member] | |||||||
| Transactions With Related Party [Abstract] | |||||||
| Term to maintain guarantees and letters of credit | 5 years | ||||||
| Guarantees amount | 31,000 | $ 31,000 | |||||
| Guarantees amount replaced | $ 112,000 | ||||||
| Abengoa [Member] | Solana [Member] | |||||||
| Transactions With Related Party [Abstract] | |||||||
| Performance consideration receivable | $ 120,000 | ||||||
| Performance obligations proceeds applied to project debt | 95,000 | ||||||
| Performance obligations proceeds applied to additional plant repairs | 25,000 | ||||||
| Other obligations per semester | $ 6,500 | ||||||
| Recognition period of other contingent obligations considered | 8 years 6 months | ||||||
| Performance obligations proceeds received from Abengoa | $ 77,500 | 42,500 | |||||
| Repayment of project debt | $ 52,500 | $ 52,500 | $ 42,500 | ||||
| Abengoa [Member] | Solana and Mojave [Member] | |||||||
| Transactions With Related Party [Abstract] | |||||||
| Minimum ownership requirement percentage | 16.00% | ||||||
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Dividends retained from Abengoa related to the preferred equity investment in Abengoa Concessoes Brasil Holding (ACBH), which is a subsidiary of Abengoa engaged in the development, construction, investment and management of contracted concessions in Brazil, comprised mostly of transmission lines. Retention is based on the underlying investment agreement supported by the additional agreement reached with Abengoa in the third quarter of 2016. No definition available.
|
| X | ||||||||||
- Definition Refers to guarantees issued by a related party on behalf of or for the benefit of the entity. No definition available.
|
| X | ||||||||||
- Definition The minimum percentage of ownership in a concessional asset required that will trigger a change of ownership clause for project financing arrangements. No definition available.
|
| X | ||||||||||
- Definition The amount of contingent liabilities recognized that the entity does not separately disclose in the same statement or note. No definition available.
|
| X | ||||||||||
- Definition The amount of consideration to be received by Solana as a performance compensation conditioned by a signed consent with DOE. No definition available.
|
| X | ||||||||||
- Definition The amount of performance obligations proceeds used for additional repairs of plant. No definition available.
|
| X | ||||||||||
- Definition The estimated amount of project debt to be prepaid from performance obligations proceeds. No definition available.
|
| X | ||||||||||
- Definition The performance obligations proceeds received resulting from related party transactions. No definition available.
|
| X | ||||||||||
- Definition The recognition period of other contingent obligations considered. No definition available.
|
| X | ||||||||||
- Definition Refers to the replacement amount of guarantees previously issued by Abengoa related to operations of technical nature. No definition available.
|
| X | ||||||||||
- Definition Period of time Abengoa agreed to maintain any guarantees and letters of credit under a revolving credit line in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of costs associated with financing activities of the entity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of income associated with interest and other financing activities of the entity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The amount of non-current payables due to related parties. [Refer: Related parties [member]; Payables to related parties] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The non-current amount of payment due to suppliers for goods and services used in the entity's business. [Refer: Trade payables] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The amount of non-current receivables due from related parties. [Refer: Related parties [member]] Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition The cash outflow to suppliers for goods and services. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition The cash outflow to settle borrowings, classified as financing activities. [Refer: Borrowings] Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition The amount of revenue arising from the rendering of services in related party transactions. [Refer: Revenue; Related parties [member]] Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition The amount of services received in related party transactions. [Refer: Related parties [member]] Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition The amount of current payables due to related parties. [Refer: Related parties [member]; Payables to related parties] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The amount of current receivables due from related parties. [Refer: Related parties [member]] Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Clients and other receivable (Details) - USD ($) $ in Thousands |
Mar. 31, 2018 |
Dec. 31, 2017 |
|---|---|---|
| Clients and other receivables [Abstract] | ||
| Trade receivables | $ 181,474 | $ 186,728 |
| Tax receivables | 36,348 | 39,607 |
| Prepayments | 19,257 | 6,375 |
| Other accounts receivable | 11,332 | 11,739 |
| Clients and other receivables | $ 248,410 | $ 244,449 |
| X | ||||||||||
- Definition The amount of current prepayments. [Refer: Prepayments] Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition The amount of current receivables from taxes other than income tax. [Refer: Receivables from taxes other than income tax] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The amount of current trade receivables. [Refer: Trade receivables] Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of current other receivables. [Refer: Other receivables] Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition The amount of current trade receivables and current other receivables. [Refer: Current trade receivables; Other current receivables] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
Equity (Details) $ / shares in Units, $ in Thousands |
3 Months Ended | |||
|---|---|---|---|---|
Mar. 09, 2018 |
Feb. 27, 2018
$ / shares
|
Mar. 31, 2018
USD ($)
Vote
$ / shares
shares
|
Dec. 31, 2017
USD ($)
|
|
| Equity [Abstract] | ||||
| Share capital | $ | $ 10,022 | $ 10,022 | ||
| Shares outstanding (in shares) | 100,217,260 | |||
| Nominal value per share (in dollars per share) | $ / shares | $ 0.10 | |||
| Voting right per share | Vote | 1 | |||
| Treasury shares held (in shares) | 0 | |||
| Increase (decrease) in treasury shares (in shares) | 0 | |||
| Fourth Quarter [Member] | ||||
| Equity [Abstract] | ||||
| Dividend declared and paid (in dollars per share) | $ / shares | $ 0.31 | |||
| Abengoa [Member] | ||||
| Equity [Abstract] | ||||
| Ownership interest | 16.50% | 16.47% | ||
| Algonquin [Member] | ||||
| Equity [Abstract] | ||||
| Ownership interest | 25.00% |
| X | ||||||||||
- Definition The number of treasure shares purchased, sold, issued or cancelled during the period. No definition available.
|
| X | ||||||||||
- Definition The proportion of ownership interests in the entity held by non-controlling interests. No definition available.
|
| X | ||||||||||
- Definition The number of previously-issued common shares repurchased by the issuing entity and held in treasury. No definition available.
|
| X | ||||||||||
- Definition The number of voting rights granted for each share owned. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of dividends paid per ordinary share. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The nominal value of capital issued. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition The number of shares that have been authorised and issued, reduced by treasury shares held. [Refer: Treasury shares] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The nominal value per share. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Corporate debt, Breakdown of corporate debt (Details) $ in Thousands, € in Millions |
3 Months Ended | ||
|---|---|---|---|
|
Feb. 10, 2017
EUR (€)
Swap
|
Mar. 31, 2018
USD ($)
|
Dec. 31, 2017
USD ($)
|
|
| Corporate debt [Abstract] | |||
| Non-current | $ 583,559 | $ 574,176 | |
| Current | 73,762 | 68,907 | |
| Total Corporate Debt | 657,321 | $ 643,083 | |
| Note Issuance Facility [Member] | |||
| Corporate debt [Abstract] | |||
| Total Corporate Debt | $ 330,057 | ||
| Principal amount | € | € 275 | ||
| Number of interest rate swaps | Swap | 2 | ||
| Fixed interest rate | 5.50% | ||
| Note Issuance Facility [Member] | EURIBOR [Member] | |||
| Corporate debt [Abstract] | |||
| Adjustment to interest rate | 4.90% | ||
| Series 1 Notes [Member] | |||
| Corporate debt [Abstract] | |||
| Maturity date | 2022 | ||
| Series 2 Notes [Member] | |||
| Corporate debt [Abstract] | |||
| Maturity date | 2023 | ||
| Series 3 Notes [Member] | |||
| Corporate debt [Abstract] | |||
| Maturity date | 2024 |
| X | ||||||||||
- Definition The current portion of non-current credit facilities with financial entities, notes and bonds received at the corporate parent level. No definition available.
|
| X | ||||||||||
- Definition The current and non-current portions of credit facilities with financial entities, notes and bonds received at the corporate parent level. No definition available.
|
| X | ||||||||||
- Definition The non-current portion of non-current credit facilities with financial entities, notes and bonds received at the corporate parent level. No definition available.
|
| X | ||||||||||
- Definition The number of interest rate swaps used to hedge the Note Issuance Facility. No definition available.
|
| X | ||||||||||
- Definition The adjustment to the basis (reference rate) used for calculation of the interest rate on borrowings. [Refer: Borrowings] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The interest rate on borrowings. [Refer: Borrowings] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The maturity of borrowings. [Refer: Borrowings] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The nominal or face amount of a financial instrument, used to calculate payments made on that instrument. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Corporate debt, Repayment schedule (Details) - USD ($) $ in Thousands |
Mar. 31, 2018 |
Dec. 31, 2017 |
|---|---|---|
| Repayment schedule [Abstract] | ||
| Corporate debt | $ 657,321 | $ 643,083 |
| Remainder of 2018 [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 73,762 | |
| Between January and March 2019 [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 0 | |
| Between April and December 2019 [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 253,605 | |
| 2020 [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 0 | |
| 2021 [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 0 | |
| 2022 [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 110,385 | |
| Subsequent Years [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 219,569 | |
| Credit Facility Tranche A [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 53,846 | |
| Credit Facility Tranche A [Member] | Remainder of 2018 [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 53,846 | |
| Credit Facility Tranche A [Member] | Between January and March 2019 [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 0 | |
| Credit Facility Tranche A [Member] | Between April and December 2019 [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 0 | |
| Credit Facility Tranche A [Member] | 2020 [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 0 | |
| Credit Facility Tranche A [Member] | 2021 [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 0 | |
| Credit Facility Tranche A [Member] | 2022 [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 0 | |
| Credit Facility Tranche A [Member] | Subsequent Years [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 0 | |
| Note Issuance Facility [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 330,057 | |
| Note Issuance Facility [Member] | Remainder of 2018 [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 103 | |
| Note Issuance Facility [Member] | Between January and March 2019 [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 0 | |
| Note Issuance Facility [Member] | Between April and December 2019 [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 0 | |
| Note Issuance Facility [Member] | 2020 [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 0 | |
| Note Issuance Facility [Member] | 2021 [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 0 | |
| Note Issuance Facility [Member] | 2022 [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 110,385 | |
| Note Issuance Facility [Member] | Subsequent Years [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 219,569 | |
| 2017 Credit Facility [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 12,277 | |
| 2017 Credit Facility [Member] | Remainder of 2018 [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 12,277 | |
| 2017 Credit Facility [Member] | Between January and March 2019 [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 0 | |
| 2017 Credit Facility [Member] | Between April and December 2019 [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 0 | |
| 2017 Credit Facility [Member] | 2020 [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 0 | |
| 2017 Credit Facility [Member] | 2021 [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 0 | |
| 2017 Credit Facility [Member] | 2022 [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 0 | |
| 2017 Credit Facility [Member] | Subsequent Years [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 0 | |
| 2019 Notes [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 261,141 | |
| 2019 Notes [Member] | Remainder of 2018 [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 7,536 | |
| 2019 Notes [Member] | Between January and March 2019 [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 0 | |
| 2019 Notes [Member] | Between April and December 2019 [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 253,605 | |
| 2019 Notes [Member] | 2020 [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 0 | |
| 2019 Notes [Member] | 2021 [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 0 | |
| 2019 Notes [Member] | 2022 [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | 0 | |
| 2019 Notes [Member] | Subsequent Years [Member] | ||
| Repayment schedule [Abstract] | ||
| Corporate debt | $ 0 |
| X | ||||||||||
- Definition The current and non-current portions of credit facilities with financial entities, notes and bonds received at the corporate parent level. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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Corporate debt, Details of corporate debt (Details) $ in Thousands, € in Millions |
3 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 27, 2017
USD ($)
|
Sep. 25, 2017
USD ($)
|
Dec. 22, 2014
USD ($)
|
Mar. 31, 2018
USD ($)
|
Mar. 31, 2017
USD ($)
|
Dec. 31, 2017
USD ($)
|
Jul. 20, 2017
USD ($)
|
Jul. 20, 2017
EUR (€)
|
Dec. 03, 2014
USD ($)
|
Nov. 17, 2014
USD ($)
|
|
| Corporate debt [Abstract] | ||||||||||
| Proceeds from corporate debt | $ 0 | $ 284,676 | ||||||||
| Repayment of debt | 70,147 | $ 306,198 | ||||||||
| Short-term corporate debt | $ 73,762 | $ 68,907 | ||||||||
| 2019 Notes [Member] | ||||||||||
| Corporate debt [Abstract] | ||||||||||
| Principal amount | $ 255,000 | |||||||||
| Fixed interest rate | 7.00% | |||||||||
| Maturity date | November 15, 2019 | |||||||||
| Credit Facility Tranche A [Member] | ||||||||||
| Corporate debt [Abstract] | ||||||||||
| Principal amount | $ 125,000 | |||||||||
| Fixed interest rate | 4.70% | |||||||||
| Maturity date | December 24, 2018 | |||||||||
| Proceeds from corporate debt | $ 125,000 | |||||||||
| Repayment of debt | $ 63,000 | $ 8,000 | ||||||||
| Short-term corporate debt | $ 54,000 | |||||||||
| Tranche A Eurodollar Rate Loans [Member] | LIBOR [Member] | ||||||||||
| Corporate debt [Abstract] | ||||||||||
| Adjustment to interest rate | 2.75% | |||||||||
| Tranche A Base Rate Loans [Member] | ||||||||||
| Corporate debt [Abstract] | ||||||||||
| Adjustment to interest rate | 1.75% | |||||||||
| Tranche A Base Rate Loans [Member] | Federal Funds Rate [Member] | ||||||||||
| Corporate debt [Abstract] | ||||||||||
| Adjustment to interest rate | 0.50% | |||||||||
| Tranche A Base Rate Loans [Member] | LIBOR [Member] | ||||||||||
| Corporate debt [Abstract] | ||||||||||
| Adjustment to interest rate | 1.00% | |||||||||
| 2017 Credit Facility [Member] | ||||||||||
| Corporate debt [Abstract] | ||||||||||
| Maturity date | July 20, 2018 | |||||||||
| 2017 Credit Facility [Member] | Top of range [member] | ||||||||||
| Corporate debt [Abstract] | ||||||||||
| Principal amount | $ 12,300 | € 10 | ||||||||
| 2017 Credit Facility [Member] | EURIBOR [Member] | ||||||||||
| Corporate debt [Abstract] | ||||||||||
| Adjustment to interest rate | 2.25% | 2.25% | ||||||||
| 2017 Credit Facility [Member] | LIBOR [Member] | ||||||||||
| Corporate debt [Abstract] | ||||||||||
| Adjustment to interest rate | 2.25% | 2.25% | ||||||||
| X | ||||||||||
- Definition The current portion of non-current credit facilities with financial entities, notes and bonds received at the corporate parent level. No definition available.
|
| X | ||||||||||
- Definition The adjustment to the basis (reference rate) used for calculation of the interest rate on borrowings. [Refer: Borrowings] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The interest rate on borrowings. [Refer: Borrowings] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The maturity of borrowings. [Refer: Borrowings] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The nominal or face amount of a financial instrument, used to calculate payments made on that instrument. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The cash inflow from borrowings obtained. [Refer: Borrowings] Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition The cash outflow to settle borrowings, classified as financing activities. [Refer: Borrowings] Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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- Details
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- Details
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- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Project debt, Details of project debt (Details) - USD ($) $ in Thousands |
Mar. 31, 2018 |
Dec. 31, 2017 |
|---|---|---|
| Project debt [Abstract] | ||
| Non-current | $ 5,230,432 | $ 5,228,917 |
| Current | 303,328 | 246,291 |
| Total Project debt | $ 5,533,760 | $ 5,475,208 |
| X | ||||||||||
- Definition The amount of current project debt issued at the project level under project finance. No definition available.
|
| X | ||||||||||
- Definition The current and non-current portions of project debt issued at the project level under project finance. No definition available.
|
| X | ||||||||||
- Definition The non-current portion of non-current project debt issued at the project level under project finance. No definition available.
|
| X | ||||||||||
- References No definition available.
|
Project debt, Repayment schedule (Details) - USD ($) $ in Thousands |
1 Months Ended | 3 Months Ended | 12 Months Ended | |
|---|---|---|---|---|
Mar. 31, 2018 |
Mar. 31, 2018 |
Mar. 31, 2017 |
Dec. 31, 2017 |
|
| Repayment schedule [Abstract] | ||||
| Project debt | $ 5,533,760 | $ 5,533,760 | $ 5,475,208 | |
| Repayments of project debt | 70,147 | $ 306,198 | ||
| Abengoa [Member] | Solana [Member] | ||||
| Repayment schedule [Abstract] | ||||
| Repayments of project debt | 52,500 | 52,500 | $ 42,500 | |
| Remainder of 2018 [Member] | ||||
| Repayment schedule [Abstract] | ||||
| Interest repayment | 72,823 | 72,823 | ||
| Nominal repayment | 214,802 | 214,802 | ||
| Between January and March 2019 [Member] | ||||
| Repayment schedule [Abstract] | ||||
| Project debt | 15,703 | 15,703 | ||
| Between April and December 2019 [Member] | ||||
| Repayment schedule [Abstract] | ||||
| Project debt | 234,554 | 234,554 | ||
| 2020 [Member] | ||||
| Repayment schedule [Abstract] | ||||
| Project debt | 268,770 | 268,770 | ||
| 2021 [Member] | ||||
| Repayment schedule [Abstract] | ||||
| Project debt | 284,586 | 284,586 | ||
| 2022 [Member] | ||||
| Repayment schedule [Abstract] | ||||
| Project debt | 318,324 | 318,324 | ||
| Subsequent Years [Member] | ||||
| Repayment schedule [Abstract] | ||||
| Project debt | $ 4,124,198 | $ 4,124,198 | ||
| X | ||||||||||
- Definition The current and non-current portions of project debt issued at the project level under project finance. No definition available.
|
| X | ||||||||||
- Definition The amount of current interest payable. [Refer: Interest payable] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The nominal or face amount of a financial instrument, used to calculate payments made on that instrument. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The cash outflow to settle borrowings, classified as financing activities. [Refer: Borrowings] Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
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- Details
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- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
|
Grants and other liabilities (Details) $ in Thousands |
3 Months Ended | |||
|---|---|---|---|---|
|
Mar. 31, 2018
USD ($)
Type
|
Mar. 31, 2017
USD ($)
|
Dec. 31, 2017
USD ($)
|
Oct. 02, 2013
USD ($)
|
|
| Grants and other liabilities [Abstract] | ||||
| Grants | $ 1,197,683 | $ 1,225,877 | ||
| Other liabilities | 478,516 | 410,183 | ||
| Grant and other non-current liabilities | $ 1,676,199 | 1,636,060 | ||
| Number of grant types | Type | 2 | |||
| Solana and Mojave [Member] | ||||
| Grants and other liabilities [Abstract] | ||||
| Income from grants | $ 14,900 | $ 15,000 | ||
| U.S. Department of Treasury [Member] | ||||
| Grants and other liabilities [Abstract] | ||||
| Grants | 763,000 | 771,000 | ||
| Federal Financing Bank [Member] | ||||
| Grants and other liabilities [Abstract] | ||||
| Grants | 432,000 | 452,000 | ||
| Liberty Interactive Corporation [Member] | ||||
| Grants and other liabilities [Abstract] | ||||
| Grant and other non-current liabilities | 357,000 | $ 352,000 | ||
| Class A membership investment | $ 300,000 | |||
| Finance lease liabilities | $ 60,000 | |||
| X | ||||||||||
- Definition The amount of non-current government grants recognized on the statement of financial position as deferred income and the amount of non-current financial liabilities including investments made by Liberty Interactive Corporation that the entity does not separately disclose in the same statement or note. No definition available.
|
| X | ||||||||||
- Definition Refers to the number of grant types recognized by the entity. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of non-current finance lease liabilities. [Refer: Finance lease liabilities] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The amount of non-current government grants recognised on the statement of financial position as deferred income. [Refer: Government [member]; Deferred income; Government grants] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The amount of non-current financial liabilities that the entity does not separately disclose in the same statement or note. [Refer: Other financial liabilities] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of non-current liabilities that the entity does not separately disclose in the same statement or note. [Refer: Non-current liabilities] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The amount of income recognised in relation to government grants. [Refer: Government grants] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
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- Details
|
| X | ||||||||||
- Details
|
Trade payables and other current liabilities (Details) - USD ($) $ in Thousands |
Mar. 31, 2018 |
Dec. 31, 2017 |
|---|---|---|
| Trade payables and other current liabilities [Abstract] | ||
| Trade accounts payables | $ 109,969 | $ 107,662 |
| Down payments from clients | 6,583 | 6,466 |
| Other accounts payable | 37,629 | 41,016 |
| Total | $ 154,181 | $ 155,144 |
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of current deposits from customers. [Refer: Deposits from customers] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The amount of current payables that the entity does not separately disclose in the same statement or note. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The amount of current trade payables and current other payables. [Refer: Current trade payables; Other current payables] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The current amount of payment due to suppliers for goods and services used in entity's business. [Refer: Current liabilities; Trade payables] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
Income tax (Details) - USD ($) $ in Thousands |
3 Months Ended | |
|---|---|---|
Mar. 31, 2018 |
Mar. 31, 2017 |
|
| Income Tax [Abstract] | ||
| Income tax expense (benefit) | $ 4,650 | $ (4,500) |
| Income (loss) before income tax | $ 3,140 | $ (18,907) |
| X | ||||||||||
- Definition The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax that relate to continuing operations. [Refer: Continuing operations [member]; Current tax expense (income); Deferred tax expense (income)] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The profit (loss) from continuing operations before tax expense or income. [Refer: Profit (loss)] Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
Financial income and expenses (Details) - USD ($) $ in Thousands |
3 Months Ended | ||
|---|---|---|---|
Feb. 24, 2017 |
Mar. 31, 2018 |
Mar. 31, 2017 |
|
| Financial income [Abstract] | |||
| Interest income from loans and credits | $ 119 | $ 131 | |
| Interest rates benefits derivatives: cash flow hedges | 177 | 189 | |
| Total | 296 | 320 | |
| Financial expenses [Abstract] | |||
| Expenses due to interest - Loans from credit entities | (63,751) | (62,067) | |
| Expenses due to interest - Other debts | (18,468) | (21,550) | |
| Interest rates losses derivatives: cash flow hedges | (17,848) | (17,422) | |
| Total | (100,067) | (101,039) | |
| Other financial income / (expenses) [Abstract] | |||
| Dividend from ACBH (Brazil) | 0 | 10,383 | |
| Other financial income | 2,171 | 2,596 | |
| Other financial losses | (3,831) | (8,701) | |
| Total | $ (1,660) | 4,278 | |
| Dividends retained from Abengoa | $ 10,400 | ||
| Abengoa [Member] | |||
| Other financial income / (expenses) [Abstract] | |||
| Loss from derecognition of fair value assigned to preferred equity investment and recognition of debt and equity instruments | $ 5,800 | ||
| X | ||||||||||
- Definition Dividends received from ACBH preferred equity investment in 2014 and 2015 and dividend retained from the amount payable to Abengoa pursuant to the agreements in place with Abengoa and ACBH, in lieu of dividends not received from ACBH, which were accounted for as dividend received from ACBH. No definition available.
|
| X | ||||||||||
- Definition Dividends retained from Abengoa related to the preferred equity investment in Abengoa Concessoes Brasil Holding (ACBH), which is a subsidiary of Abengoa engaged in the development, construction, investment and management of contracted concessions in Brazil, comprised mostly of transmission lines. Retention is based on the underlying investment agreement supported by the additional agreement reached with Abengoa in the third quarter of 2016. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of loss (gain) from derecognition of the fair value assigned to the ACBH preferred equity investment and recognition of the Abengoa Debt and Equity Instruments. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of costs associated with financing activities of the entity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of income associated with interest and other financing activities of the entity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The gains resulting from change in the fair value of derivatives recognised in profit or loss. [Refer: Derivatives [member]] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The amount of interest expense on borrowings. [Refer: Interest expense; Borrowings] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The amount of interest expense on debt instruments issued. [Refer: Interest expense; Debt instruments issued] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The losses resulting from changes in the fair value of derivatives recognised in profit or loss. [Refer: Derivatives [member]] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The amount of finance income that the entity does not separately disclose in the same statement or note. [Refer: Finance income] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The amount of finance income or cost that the entity does not separately disclose in the same statement or note. [Refer: Finance income (cost)] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The gains (losses) that the entity does not separately disclose in the same statement or note. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The amount of income arising from interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Details
|
Other operating expenses (Details) - USD ($) $ in Thousands |
3 Months Ended | |
|---|---|---|
Mar. 31, 2018 |
Mar. 31, 2017 |
|
| Details of other operating expenses [Abstract] | ||
| Leases and fees | $ (743) | $ (1,726) |
| Operation and maintenance | (32,444) | (25,897) |
| Independent professional services | (7,091) | (2,230) |
| Supplies | (7,391) | (7,176) |
| Insurance | (6,443) | (5,928) |
| Levies and duties | (9,909) | (9,688) |
| Other expenses | (2,173) | (1,770) |
| Total | $ (66,194) | $ (54,415) |
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of expense relating to general and administrative activities of the entity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The amount of expense arising from purchased insurance. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The amount of payments on leases and subleases recognised as an expense by the lessee. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of miscellaneous other operating expenses. [Refer: Other operating income (expense)] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The amount of expenses that the entity does not separately disclose in the same statement or note when the entity uses the 'nature of expense' form for its analysis of expenses. [Refer: Expenses, by nature] Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition The amount of fees paid or payable for professional services. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The amount of expenses incurred for the day-to-day servicing of assets, which may include the cost of labour, consumables or small parts. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The amount of tax expense exclusive of income tax expense. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
Earnings per share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands |
3 Months Ended | |
|---|---|---|
Mar. 31, 2018 |
Mar. 31, 2017 |
|
| Earnings per share [Abstract] | ||
| Profit/(loss) from continuing operations attributable to Atlantica Yield Plc. | $ (4,764) | $ (11,769) |
| Average number of ordinary shares outstanding (thousands) - basic and diluted (in shares) | 100,217 | 100,217 |
| Earnings per share from continuing operations (US dollar per share) - basic and diluted (in dollars per share) | $ (0.05) | $ (0.12) |
| Earnings per share from profit/ (loss) for the period (US dollar per share) - basic and diluted (in dollars per share) | $ (0.05) | $ (0.12) |
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- Definition The amount of earnings per share when the basic and diluted measurements are equal. [Refer: Basic earnings (loss) per share; Diluted earnings (loss) per share] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Basic and diluted earnings (loss) per share from continuing operations. [Refer: Basic and diluted earnings (loss) per share] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The profit (loss) from continuing operations attributable to ordinary equity holders of the parent equity. [Refer: Continuing operations [member]; Profit (loss) from continuing operations] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The number of ordinary shares outstanding at the beginning of the period, adjusted by the number of ordinary shares bought back or issued during the period multiplied by a time-weighting factor. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Subsequent events (Details) - Subsequent Events [Member] - USD ($) $ / shares in Units, $ in Millions |
May 11, 2018 |
May 10, 2018 |
|---|---|---|
| Disclosure of non-adjusting events after reporting period [line items] | ||
| Dividend approved (in dollars per share) | $ 0.32 | |
| Dividend approved expected date to be paid | Jun. 15, 2018 | |
| New Revolving Credit Facility [Member] | ||
| Disclosure of non-adjusting events after reporting period [line items] | ||
| Principal amount | $ 215 | |
| Maximum borrowings capacity of debt | $ 300 | |
| Maturity date | December 31, 2021 | |
| New Revolving Credit Facility [Member] | Top of range [member] | ||
| Disclosure of non-adjusting events after reporting period [line items] | ||
| Additional borrowings capacity of debt | $ 85 |
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- Definition The additional borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the credit facility. No definition available.
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- Definition Date the declared dividend will be paid, in CCYY-MM-DD format. No definition available.
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- Definition The maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the credit facility. No definition available.
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- Definition The maturity of borrowings. [Refer: Borrowings] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table. No definition available.
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- Definition The amount, per share, of dividends proposed or declared before financial statements were authorised for issue but not recognised as distribution to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The nominal or face amount of a financial instrument, used to calculate payments made on that instrument. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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