Recurrent Energy, a subsidiary of Canadian Solar Inc., has signed a $103 million tax credit facilitation agreement with Bank of America for its North Fork Solar Project – a 160 MW development located southwest of Oklahoma City.
Oklahoma Municipal Power Authority (OMPA), which serves 42 municipally owned electric systems in Oklahoma, will purchase 100% of the energy produced by North Fork Solar under a 15-year agreement.
Recurrent Energy will continue to own and operate the project long-term.
This tax equity agreement marks Recurrent Energy’s first production tax credit (PTC) transaction and first tax credit transfer transaction.
At its peak, North Folk Solar employed approximately 500 construction workers. Blattner provided engineering, procurement, and construction services, enlisting several local companies as subcontractors.
Recurrent Energy began developing North Fork Solar in 2018. NordLB and Rabobank provided project financing. CRC-IB and Latham & Watkins advised Recurrent Energy on the tax credit transfer transaction.
The post 160 MW North Fork Solar Now Operational in Oklahoma appeared first on Solar Industry.
Those who stand in opposition to the president have dozens of different reasons for their feelings. One, as is on display here, is that he’s an ignoramus.
Not sure about this.
A magna cum laude graduate of Harvard Law School might struggle to identify a bear. Could be.
This is the intelligence level of the American electorate today.
The Chinese ownership of American farmland is less than 0.00036, or 0.036%. To put this into perspective, if the entirety of U.S. farmland were reduced to one acre, the Chinese government and business interests would own less than 15 square feet, about half the size of a small broom closet.
Yet, true to form, this is a huge issue for the MAGA base.
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