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.
Renewable Energy
From the Independent: “Trump Administration to Pay Two More Companies to Walk Away from U.S. Offshore Wind Leases”
From this article in The Independent:
The Trump administration announced two more payouts Monday for energy companies to walk away from U.S. offshore wind projects under development.
Bluepoint Wind and Golden State Wind have agreed to end their offshore wind leases in exchange for reimbursements totaling nearly $900 million. Both companies have decided not to pursue any new offshore wind projects in the United States, the Interior Department announced Monday.
Bluepoint Wind is an offshore wind project in the early stages of development off the coasts of New Jersey and New York, while Golden State Wind is a floating offshore wind project proposed off California’s central coast.
Trump is hellbent on destroying the renewable energy industry so as to benefit his billionaire friends in fossil fuels.
He’s on course to be remembered as the most destructive person in world history, with the possible exception of Adolph Hitler.
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.
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.
From the Independent: “Trump Administration to Pay Two More Companies to Walk Away from U.S. Offshore Wind Leases”
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