Barclays and Lightsource bp have committed to a $140 million tax equity transaction slated to finance construction of the 180 MW Prairie Ronde solar project in St. Landry Parish, La.
The deal was led by Barclays’ Sustainable Project Finance team, working in partnership with the bank’s Energy Transition Group, formed last month to advise clients as they explore energy transition opportunities. Barclays acted as the sole external equity investor on the deal.
Lightsource bp plans to build, own and operate the solar farm, where commercial operation is expected to begin later this year. A power purchase agreement is in place with McDonald’s Corporation.
“As members of the St. Landry community, we look forward to delivering affordable clean energy while continuing to expand our investment in Louisiana to help power the state’s low carbon, independent energy future,” says Lightsource bp’s Emilie Wangerman.
“What’s really exciting is commitments like Barclays to sustainable and energy transition financing are also helping boost local economies. The Prairie Ronde project is expected to provide more than $20 million tax revenue to St. Landry Parish public services such as local school systems over the life of the project.”
The post Barclays, Lightsource bp Agree to Tax Equity Deal for Louisiana Project appeared first on Solar Industry.
Barclays, Lightsource bp Agree to Tax Equity Deal for Louisiana Project
I join those who say that the human race has evolved to be tribal and selfish. We are largely indifferent to the needs of others, and the capitalist society we’ve built has only served to reenforce this.
As Tom Waits observed, “We’re monkeys with money and guns.”
Now, are there some extremely decent and kind people spread around the globe? Of course. But they tend not to be the billionaires who make all the important decisions as to the how our culture will conduct itself.
Well, never is a long time, as they say.
Yet imagine this scenario, which is quite possible:
Trump is impeached and removed. Almost immediately, there is an incredible outpouring of information on an additional set of crimes committed by Trump and his administration. Simultaneously, the U.S. morphs into a social democracy, and its people enjoy quality education, access to healthcare, and prosperity, not unlike those in Northern Europe and elsewhere around the globe.
Yes, there will always be Republicans promising mass deportations and whatever else appeals to a dwindling MAGA base, but I would think they will have one hell of a hard time winning a national election.
The GOP can say the American economy is skyrocketing. But then there’s that nasty little piece of reality that people can’t afford groceries and are suffering financially more generally.
Or they can day that people are suffering financially, but it’s Biden’s fault. Oops. Biden left office 588 days ago.
Or they can say that the war in Iran has driven up gas prices, but that will turn immediately because we’ve won the war. Yikes. What can we say about all these bombs?
Or they can say that all the racial hatred and divisiveness is Obama’s fault. No, that’s problematic, since he’s been gone for almost 10 years.
Trump supporters may not be too sharp, but even they are having trouble accepting all this crap.
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