Connect with us

Published

on

Birch Creek Energy has closed on a $150 million credit facility within KKR’s High-Grade Asset-Based Finance strategy via insurance accounts managed by KKR. 

The financing extends and upsizes Birch Creek’s previous $100 million facility, and it will be used to finance development expenses and equipment for solar farms in the company’s development portfolio.

The company says that it presently owns 160 MW of operating projects in its independent power producer, with an additional 187 MW under construction set to place in service over by the end of 2024.

“We are thrilled to have strengthened our relationship with KKR through the renewal and upsize of our credit facility,” says Dan Siegel, CEO of Birch Creek.

“Through this facility, we are able to continue the development of solar projects in certain core markets, while also funding select equipment purchases for projects closer to construction. We are proud to work with KKR and appreciate their confidence in our platform as we continue to grow our unique, speed-to-market strategy.”

The post Birch Creek Closes $150m Credit Facility with KKR appeared first on Solar Industry.

Birch Creek Closes Credit Facility with KKR

Continue Reading

Renewable Energy

Real Estate: Supply and Demand

Published

on

About 40 years ago, I used to lie in bed on Sunday mornings with my coffee and Los Angeles Times opened to the real estate section: “Homes in Other States.” I recall voicing some level of buyer’s remorse, having just paid more for a who-cares house in Southern California, where I could have bought half a county in Oklahoma or Mississippi.

My girlfriend at the time, now my wife, would ask me, “But do you think you’d be happy living in West Virginia, with some of the most poorly-educated people in the country?  Do you think that would forward your career and your overall life satisfaction?”  She had a point, to be sure.

Today’s MAGA conspiracy theorists will tell you that people are leaving California in droves, because of things like environmental regulations.  Yet that doesn’t explain why the Golden State, if it were a country, would have the fourth largest economy on the planet, and a house here identical to one in Alabama whose value there may be $200K would fetch about $1.2 million here.

People don’t come here for the wide-open freeways.  We’re here for the beauty, the sophistication of so many people, highly educated people, and unparalleled business opportunities.

There’s a reason that Google, Oracle, Apple, Nvidia, Adobe, Salesforce, Facebook, Visa, Wells Fargo, Disney, etc. aren’t located in Arkansas or Louisiana.

Real Estate: Supply and Demand

Continue Reading

Renewable Energy

When You’re Addressing Idiots You Can Get Away with a Lot

Published

on

At left we have John Fetterman talking to people so stupid they’ll believe that it would have been wrong for the British colonists to oppose King George III in the late 18th Century, or for the people of Germany and Italy in the 1930s to stand up against Hitler and Mussolini.  What about the people in today’s dictatorships, i.e., the people in Russia, China, North Korea, or any of the other 50+  authoritarian regimes around the world?

Morons tend to agree with the loudest, most aggressive voice of nationalism, regardless of how little sense it makes.

It’s a great moment of opportunity for Fetterman.

When You’re Addressing Idiots You Can Get Away with a Lot

Continue Reading

Renewable Energy

Carl Sagan and the Suppression of Uncomfortable Ideas

Published

on

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

Continue Reading

Trending

Copyright © 2022 BreakingClimateChange.com