Restricted cash

9 Months Ended

Sep. 30, 2023

Restricted Cash [Abstract]

Restricted cash

7. Restricted cash

As of September 30, 2023 and December 31, 2022, restricted cash consisted of the following:

	September 30, 2023		December 31, 2022
Cash restricted under the terms of loan agreements	$	3,825	$	124,085
Collateral for letters of credit and performance bonds	62,337		41,392
Collateral for interest rate swaps	—		2,500
Total restricted cash	$	66,162	$	167,977
Current restricted cash	$	66,162	$	165,396
Non-current restricted cash	—		2,581

As of September 30, 2023, the balance presented as collateral for letters of credit and performance bonds includes $21,300 to support a letter of credit to facilitate the purchase of turbines that was completed in the third quarter of 2023. A portion of these turbines will be utilized to support the Company's contract to generate temporary power in Puerto Rico.

Use of cash proceeds under the Barcarena Term Loan are restricted to certain payments to construct the Barcarena Power Plant (each as defined in our Annual Report). Non-current restricted cash is presented in Other non-current assets, net on the condensed consolidated balance sheets.