Onyx Renewable Partners and Sol Systems have reached an agreement for the purchase and sale of a 24 MW solar and storage portfolio spread across five states.
Sol originated and developed the portfolio’s eight distributed generation (DG) solar and storage projects located in California, Illinois, Maryland, Massachusetts and New York. Post-acquisition, Onyx will finance, build, own and operate them.
“Sol Systems is dedicated to advancing clean energy for our corporate partners and ensuring lasting benefits for the communities we work in,” says Sol Systems’ Andrew Grin.
“Our partnership with Onyx highlights our ongoing commitment to deploying clean energy projects with a focus on community engagement and excellence in solar and storage development. Sol values the longstanding relationships we have built with our customers, and we’re excited to continue playing a pivotal role in supporting the broader transition to sustainable energy as these projects move into construction and operations. Sol has built more than 250 MW of DG solar and storage projects and is proud to work with the Onyx team to continue deploying more renewable energy for our valued customers.”
The portfolio is expected to be completed by early next year.
The post Sol Systems, Onyx Agree on Sales Terms for 24 MW Distributed Generation Portfolio appeared first on Solar Industry.
Sol Systems, Onyx Agree on Sales Terms for 24 MW Distributed Generation Portfolio
Renewable Energy
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In the early days of 2GreenEnergy, my people and I were vigorously engaged in finding solid ideas in cleantech that needed funding in order to move forward.
I vividly remember a conversation with a guy in Maryland who was trying to explain the (ostensible) breakthrough that he and his team had made in hydrokinetics. When I was having trouble visualizing what we was talking about, he asked me to “think of it as a river in a box.”
“Oh!” I exclaimed. “You mean you take a box full of standing water, add energy to it get it moving, then extract that energy, leaving you with more energy that you added to it.”
“Exactly.”
I politely explained that the laws of physics, specifically the first and second laws of thermodynamics, make this impossible.
He wasn’t through, however, and insisted that, in his office, his people had constructed a “working model.”
Here’s where my tone descended into something less than 100% polite. I told him that he may think he has a working model, but he’s wrong; if he believes this, he’s ignorant; if he doesn’t, but is conducting this conversation anyway, he’s a fraud.
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“No. Not only would not fly across the country to see whatever it is you claim to have built, I wouldn’t walk across the street to a “working model” of something that is theoretically impossible.”
—
I tell this story because the claim made at the upper left is essentially identical. You’re pumping water up out of a stream, and then claiming to extract more energy when the water flows back into the stream.
Of course, social media today is rife with complete crap like this. We’ve devolved to a point where defrauding money out of idiots is rapidly replacing baseball as our national pastime.
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Until recently, I would have moose, maple syrup, and frozen tundra.
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