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.
Six months ago, our local CVS drugstore had a manager, a handful of employees answering customers’ questions, checking them out at the cash register, stocking shelves, etc.
Last month, I noticed that most of these employees were gone, and the former manager was now stocking shelves. I also noted long lines of customers waiting for an automated checkout machine to become available.
Last week, I saw the former manager working at a nearby grocery store.
Also, the pharmacy is now closed for an hour for lunch. When I asked about this, I was asked, “Don’t you think we employees deserve to eat lunch?” I responded, “Of course I do. But can’t CVS afford to staff the pharmacy so customers are not inconvenienced?”
This is certainly not a unique–or even rare–occurrence; it seem that CVS is like most large corporations, driven by cost-cutting, while abusing their employees and their customers.
Barack Obama read the actual GOP agenda to a roaring Atlanta crowd Wednesday: a $1 trillion tax cut for millionaires and billionaires, paid for with higher health care costs and Medicaid cuts. Plus a war in Iran that everyone warned would push prices up. “(Democrats will) ban hamburgers and make everybody eat tofu,” he joked.
The meme here makes sense–until you realize that the most productive, happiest people on Earth live in Scandinavia and the other social democracies scattered around the globe.
Providing everyone with the opportunity to succeed seems to work quite well in the real world.
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