KKR has acquired a majority equity interest in Avantus by investment funds and accounts managed by KKR.
Coinciding with the close of the transaction, Avantus secured a $522 million development facility arranged by KKR Capital Markets and Sumitomo Mitsui Banking. The facility provides Avantus the financial backing to fuel the company’s energy storage development across the western U.S.
“This announcement is a ringing endorsement of our proven team at Avantus, providing us the capital to advance our portfolio and develop high-performing, high-value clean energy projects,” says Stephanie Perry, Avantus COO.
“We are excited to work with KKR and our existing investor EIG to achieve our growth plans and build on our track record of delivering record-breaking clean energy solutions that will decarbonize our planet at scale.”
The post KKR Acquires Majority Interest in Avantus appeared first on Solar Industry.
Of course, there is no science or math behind the map here. But it fits the narrative that people are fleeing California because of its (you name it) environmental regulation, high taxes, woke ideologies, etc.
Why would anyone want to live in a state that, if it were a nation on its own, would be the fourth largest economy on Earth? Leads the planet in innovation? Where someone can ski and surf in the same day?
Better get yer ass down to Texas, the oil-drillin’ and death penalty capital of the world.
If you’re a racist moron who’s desperate to punish blacks, immigrants, Muslims, LGBTQs, as well as intelligent, kind people, you can force yourself to believe that constant torrent of lies that come out of Trump’s mouth.
You go online our turn on the television, not to learn something, but go shopping for ideas that support the hateful crap that’s already in your mind.
Wind turbines work by extracting some of the kinetic energy from moving air and transferring it to the blades that move in a circle.
No moving parts means no kinetic energy.
Sorry.
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