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ENGIE North America has completed more than $1 billion of tax equity financing to fund a portfolio of recently commissioned renewable projects in the U.S. through separate agreements with J.P. Morgan, Goldman Sachs and BNP Paribas. 

The portfolio consists of six projects across ERCOT, MISO and SPP, including 950 MW of solar and 353 MW of wind capacity. The aggregate 1.3 GW of these projects represents one of the largest tax equity financing arrangements for the company so far.

“We are delighted that ENGIE is once again able to collaborate with some of the world’s leading financial institutions to accelerate the energy transition towards a net zero future,” says ENGIE North America’s Dave Carroll. “This transaction reflects our proven and recognized track record in developing, building and operating renewables assets, both in North America and globally.”

The post ENGIE Completes $1B Tax Equity Financing for U.S. Renewables  appeared first on Solar Industry.

ENGIE Completes $1B Tax Equity Financing for U.S. Renewables 

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Renewable Energy

Myth Busting in Renewable Energy

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I met a guy earlier today who told me that wind and solar are controversial, and that some people say that the mining and manufacturing of wind turbines requires more fossil fuels that the turbines themselves produce.

I told him that I’m aware of such people; they’re called “professional liars.”

I explained the concept of EROI, energy return on investment, and surprised him by saying that the EROI of wind is somewhere between 18 and 30, meaning that each wind turbine you see as you drive along the freeway will generate at least 18 times as much energy as was required in its mining, fabrication, installation, maintenance, and decommissioning–all the way up to 30 times that amount.

The generation of disinformation of renewables has become a cottage industry.  People are paid to make up and publish complete bullshit, so as to discredit the burgeoning clean energy industry, and keep Big Oil in place.

Myth Busting in Renewable Energy

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Renewable Energy

Thanking God for Trump

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As bad as things are in the United States, they could always get worse.

Trump could succeed in his quest to be a dictator, Christianity could be taught in schools, and unvaccinated adults and their kids could trigger another epidemic.

In terms of our reputation on the world stage, however, things really can’t get must worse; the countries around the globe already regard us with a mixture of hate and derision.

Yet regardless of what the future holds, there will always be idiots who that believe that Trump is our savior, like the author of the meme above.

Thanking God for Trump

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Renewable Energy

Eastman Disbarred

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Good to see John Eastman disbarred in California; it’s a small measure of justice.

Criminal prosecution in the future?

Eastman Disbarred

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