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Project Assets
6 Months Ended
Apr. 30, 2019
Project Assets [Abstract]  
Project Assets

Note 7.  Project Assets

Project assets as of April 30, 2019 and October 31, 2018 were $123.1 million and $99.6 million, respectively.  Project assets as of April 30, 2019 and October 31, 2018 included five completed, commissioned installations generating power with respect to which the Company has a PPA with the end-user of power and site host with an aggregate carrying value of $26.1 million and $28.6 million as of April 30, 2019 and October 31, 2018, respectively.  Certain of these assets are the subject of sale-leaseback arrangements with PNC Energy Capital, LLC (“PNC”), which are accounted for under the financing method.

The Project assets balance as of April 30, 2019 and October 31, 2018 also includes assets with an aggregate value of $97.0 million and $71.0 million, respectively, which are being developed and constructed by the Company under existing PPAs that have not been placed in service.

Project construction costs incurred for the long-term project assets are reported as investing activities in the Consolidated Statements of Cash Flows.  The proceeds received from the sale and subsequent leaseback of project assets are classified as a financing obligation within “Current portion of long-term debt” and “Long-term debt and other liabilities” on the Consolidated Balance Sheets (refer to Note 15, “Debt and Financing Obligation” for more information).