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Arevon Energy and Blackstone Credit & Insurance announced the financial close for the 200 MW Condor Energy Storage Project, currently under construction in Grand Terrace, Calif.

The project is anticipated to start operations this year and is contracted under a 15-year agreement with Southern California Edison. Condor features Megapack 2 XL, Tesla’s utility-scale battery system. Tesla has been contracted to provide O&M services for the project. Rosendin Electric is the project’s EPC contractor. Arevon says it will own and operate the project on a long-term basis.

Blackstone’s preferred equity investment in Condor is structured to simplify the monetization of tax credits.

The financing includes a commitment from Stifel Financial to buy investment tax credits and is supported with a $164 million debt facility secured with coordinating lead arrangers CoBank ACB, Helaba and Sumitomo Mitsui Banking. The Bank of New York Mellon served as collateral and administrative agent. Arevon secured real estate financing from climate investment firm HASI related to the Condor Energy Storage Project land.

“Condor represents not only our commitment to developing assets that deliver grid resilience but also our team’s adeptness in navigating complex, hybrid financing arrangements,” says Arevon’s Daniel Murphy. “Along with our partners, we remain focused on pioneering climate finance solutions that promote a sustainable clean energy future.”

Stoel Rives represented Arevon as sponsor transaction counsel and CRC-IB served as sponsor tax equity advisors. Milbank served as the preferred equity counsel and Winston & Strawn served as lender counsel. Monarch Private Capital served as advisor to the tax credit purchaser, with Orrick, Herrington & Sutcliffe as counsel to Monarch. Paul Hastings served as counsel to the tax credit purchaser.

The post Arevon, Blackstone Credit & Insurance Close Financing for Condor Energy Storage Project appeared first on Solar Industry.

Arevon, Blackstone Close Financing for Condor Energy Storage Project

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Cage Fighting on the White House Lawn

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Maybe turning the White House into an attraction for the country’s least educated people (some say “trailer trash”) isn’t a good idea. It’s often referred to as the most demeaning moment in U.S history.

But let’s be real.  Our nation is at its lowest point since its founding.  Maybe we can, as a country, use this moment of extreme degradation as alcoholics refer to as “hitting rock bottom.”

https://www.2greenenergy.com/2026/06/14/white-house-lawn/

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An Encounter on Tariffs

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I met a fellow earlier today who, with a partner, owns and runs a company that imports a wide variety of goods into the United States from China.

I asked him, naively, how tariffs are affecting him.  He said, “Well, until recently, taxes on our goods were 3.5%; now they’re 45%. I pass most of this this on to my (retailer) customer, and he passes it on to you.  If you’re wondering why the price of a stick of deodorant has just gone through the roof, you’ve just figured it out.”

In retrospect, I shouldn’t have brought it up in the first place.

An Encounter on Tariffs

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Trevor Noah

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I met a gentleman from South Africa yesterday, and I told him that I’m sure he knows that Trevor Noah is a huge thing here in the U.S.

He replied that he doesn’t like Trevor Noah and explained that he doesn’t think politics and comedy should be mixed.

I thought that to be peculiar, as political humor has been a big deal here for centuries, and has grown mightily since the 1970s.  Think of Saturday Night Live and all the late-night television hosts that have come along and achieved huge popularity.

More to the point, this is Trevor Noah’s brand. It’s what he does–and sells for a living. It’s like Nike and its swoosh and it’s “Just do it” slogan.

I have a feeling that what he objects to is the mixing of left-wing politics and comedy, because he doesn’t like to see progressive ideas promoted in society.

https://www.2greenenergy.com/2026/06/14/trevor-noah/

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