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Aspen Power has completed three financings totaling $241 million with J.P. Morgan, Lombard Odier and Mitsubishi UFJ Financial Group Inc. (MUFG). The expanded credit facilities with J.P. Morgan and Lombard Odier, as well as a new construction-to-term facility with MUFG, are expected to promote Aspen Power’s continued strategic growth and support the timely and efficient construction of new solar energy projects.

“These recent financial closings represent a significant milestone for Aspen Power by more than doubling earlier commitments and establishing critical new relationships,” says Jorge Vargas, CEO of Aspen Power. “Not only do they underscore the confidence our valued financial partners have in our vision and strategy, but they also reflect a recognition of Aspen Power’s unwavering commitment to sustained growth.”

The $124 million construction-to-term facility with MUFG will directly support the construction of new solar assets across multiple states and revenue structures.

To date, Aspen Power has developed or acquired more than 600 renewable energy projects across 26 states.

Carlyle Capital Markets served as Aspen Power’s advisor.

The post Aspen Power Closes Large Funding Round appeared first on Solar Industry.

Aspen Power Closes Large Funding Round

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Renewable Energy

Metaphysics

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Here’s a very short video on the subject of metaphysics, the philosophy of being and reality.

It’s a great example of what I mean when I say that it has been a terrible last few centuries for philosophers.

In ancient times, if you wanted to know what the fundamental building blocks of the universe, you asked a philosopher, perhaps the ancient Athenian Democritus, who propounded the theory of the atom, which was, by definition, indivisible.  Now we refer this question to the realm of particle physics.

Far more recently, those who struggled to know the ultimate nature of reality asked a metaphysician.  Now, once again, we’ve put our trust in science.

I hope you’ll check out the video linked above.

Metaphysics

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Renewable Energy

Invest in Small Wind … At Your Peril

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As a PhD colleague once told me, “If you don’t care how much of pay for electricity, I’ll get you all the renewable energy you could ever ask for.”

In this case, I’d guess the average price per kwh for the typical American household would be somewhere between $5 and $10.

They want you to invest.  Have you ever asked why people with their own money at stake have abandoned these ideas 20 years ago?

Invest in Small Wind … At Your Peril

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Renewable Energy

The U.S. Civil War Didn’t Need to Happen

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At left we see why Lincoln would have done well to let the Confederacy cede from the Union.  He could have simply written a letter to Robert E. Lee stating:

Keep your slaves and your land…for now. Wait until you experience the effects of near-zero industrial and military technology development and the civilized world’s refusal to trade with you barbarians.  By the end of the 19th Century, a stiff breeze will blow you away. Maybe some future U.S. president will invade you with a troop of Boy Scouts with slingshots, or maybe a handful of banditos will ride up from Mexico.

The U.S. Civil War Didn’t Need to Happen

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