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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

Understanding Pete Hegseth

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What is said here about Pete Hegseth is clearly true.

But keep in mind that he’s fiercely loyal to Donald Trump, and Trump couldn’t possibly care what happens to the United States, as long as he can stay out of prison and enrich himself and his family.

Understanding Pete Hegseth

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Renewable Energy

Does Clean Energy Reduce Your Energy Bills?

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Here’s an article that outlines how the EU has lowered energy prices via its investment in renewables.

In truth, the economics of all this is complicated.  In most of the world, there are subsidies for clean energy, just as there are subsidies for Big Oil.  If you want to remove the environmental regulations of coal-fired power plants and let them make fortunes by turning our atmosphere into their own private sewers, you can probably make coal-powered energy very inexpensive.

One thing is clear though, looking through all this complexity: the countries whose people actually care about the future of life on Earth are aggressively decarbonizing their energy and transportation sectors, and there is a great deal to be said for this.

In the United States, we’re rapidly going in the other direction.  Shame on us.

Does Clean Energy Reduce Your Energy Bills?

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Renewable Energy

Another Concept in Small Wind

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These guys have an innovation in small wind: their turbine “furls up” in dangerously high wind conditions, making it “perfect for your backyard.” Check out this video. The competition has to shut down to avoid having their product destroyed in such circumstances.

Think about this for a second.  How often do you have hurricane-force winds blowing through your backyard?  What if it’s a tornado?  (It’s a twister! It’s a twister!) What would be the cost to you if your mini-turbine actually did have to shut down a few hours each year?

These guys are looking for investors.  If their pitch resonates with you, jump on in, by all means.

Another Concept in Small Wind

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