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ContourGlobal has entered the U.S. renewables market with the acquisition of a 151 MW solar portfolio comprised of two projects in South Carolina. 

Commercial operations for both projects are planned to start in 2029.

The projects have signed long-term PPAs, and all grid interconnection studies have been completed at the time of the transaction. Both were acquired from Sun Tribe Development, with CRC-IB serving as exclusive buy-side advisor to ContourGlobal and EOS Capital serving as exclusive sell-side advisor to Sun Tribe.

“The acquisition of these solar PV assets, currently in the late development stage and supported by a valuable PPA with stable revenue, marks our entry into the U.S. renewables market, where we anticipate significant future growth,” says Antonio Cammisecra, ContourGlobal CEO.

“This transaction, with a reliable development partner such as Sun Tribe, is the first success of ContourGlobal’s newly formed global Business Development team, which fully focuses on accelerating our growth in renewables and on the progressive decarbonization of our thermal portfolio. Our Engineering & Construction is now tasked with ensuring smooth project execution and harvesting the latest technological improvements that will come to the market as we begin construction.”

ContourGlobal is a KKR company.

The post ContourGlobal Acquires 151 MW Solar Portfolio From Sun Tribe Development appeared first on Solar Industry.

ContourGlobal Acquires 151 MW Solar Portfolio from Sun Tribe Development

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Renewable Energy

Carl Sagan and the Suppression of Uncomfortable Ideas

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Seminal astrophysicist Carl Sagan explains why uncomfortable ideas may be banned in religion, they must not be shunned in science.

This is an important concept in American life today, as conspiracy theorists are convinced that climate change denial cannot be considered in scientific circles.

I happened to bring this up in my interview with Dr. V. Ramanathan of the Scripps Institution, who has been amassing data on global warming since the 1970s.  He laughed, and explained, “If I could prove that human activity was not causing temperatures to rise, I’d be be one of the wealthiest and most famous scientists in world history.”

Carl Sagan and the Suppression of Uncomfortable Ideas

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Renewable Energy

We Came Incredible Close to Averting the Disaster that Is Donald Trump

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As suggested at left, a great deal of the hardship that has befallen the U.S. was simply bad luck.  Al Gore came within a whisker of victory in 2000, a win that would have forever changed the course of our nation in terms of energy policy, education, healthcare, and international affairs.

If Bernie had become the 2016 nominee, we wouldn’t have had Hillary Clinton telling our country’s most mean-spirited and least-educated people that they were “deplorables,” ushering a criminal sociopath into the White House.

We Came Incredible Close to Averting the Disaster that Is Donald Trump

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Renewable Energy

Socialism and “Free Stuff”

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Social democracies are nations in which the tax base provides everyone with healthcare and education, and where the richest and most powerful people are not free to ruin the environment.

I run into someone from one of these counties a couple of times a month, and I like to ask why their people are consistently at the top of the World Happiness Rankings. The normal response is always some variant of the following:

It’s hard to be happy living in a society that is indifferent to the suffering of others.  It’s part of the very nature of human beings to care about one another.

Something else I notice about these places is that very few people are religious.  Sweden, e.g., is about 80% atheist.

That means no childish tribalism, no ridiculous dogmas, no worries about eternal damnation, etc.

Socialism and “Free Stuff”

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