Birch Creek Energy has closed on a $150 million credit facility within KKR’s High-Grade Asset-Based Finance strategy via insurance accounts managed by KKR.
The financing extends and upsizes Birch Creek’s previous $100 million facility, and it will be used to finance development expenses and equipment for solar farms in the company’s development portfolio.
The company says that it presently owns 160 MW of operating projects in its independent power producer, with an additional 187 MW under construction set to place in service over by the end of 2024.
“We are thrilled to have strengthened our relationship with KKR through the renewal and upsize of our credit facility,” says Dan Siegel, CEO of Birch Creek.
“Through this facility, we are able to continue the development of solar projects in certain core markets, while also funding select equipment purchases for projects closer to construction. We are proud to work with KKR and appreciate their confidence in our platform as we continue to grow our unique, speed-to-market strategy.”
The post Birch Creek Closes $150m Credit Facility with KKR appeared first on Solar Industry.
Renewable Energy
Is It Healthy for Our Country to Allow Billionaires to Own Congress?
What we have here in the United States, in terms of money in politics, is a full-on disease. Tax cuts for billionaires, corruption and the uber-rich’s ownership of our lawmaking processes, the destruction of our educational system, institutionalized racism, the rejection of science, limited access to healthcare, and devastation of the natural environment are all heading this nation to a horrible end.
Is there hope? Many young and energetic people believe there is.
Is It Healthy for Our Country to Allow Billionaires to Own Congress?
Renewable Energy
Real Estate: Supply and Demand
About 40 years ago, I used to lie in bed on Sunday mornings with my coffee and Los Angeles Times opened to the real estate section: “Homes in Other States.” I recall voicing some level of buyer’s remorse, having just paid more for a who-cares house in Southern California, where I could have bought half a county in Oklahoma or Mississippi.
My girlfriend at the time, now my wife, would ask me, “But do you think you’d be happy living in West Virginia, with some of the most poorly-educated people in the country? Do you think that would forward your career and your overall life satisfaction?” She had a point, to be sure.
Today’s MAGA conspiracy theorists will tell you that people are leaving California in droves, because of things like environmental regulations. Yet that doesn’t explain why the Golden State, if it were a country, would have the fourth largest economy on the planet, and a house here identical to one in Alabama whose value there may be $200K would fetch about $1.2 million here.
People don’t come here for the wide-open freeways. We’re here for the beauty, the sophistication of so many people, highly educated people, and unparalleled business opportunities.
There’s a reason that Google, Oracle, Apple, Nvidia, Adobe, Salesforce, Facebook, Visa, Wells Fargo, Disney, etc. aren’t located in Arkansas or Louisiana.
Renewable Energy
When You’re Addressing Idiots You Can Get Away with a Lot
At left we have John Fetterman talking to people so stupid they’ll believe that it would have been wrong for the British colonists to oppose King George III in the late 18th Century, or for the people of Germany and Italy in the 1930s to stand up against Hitler and Mussolini. What about the people in today’s dictatorships, i.e., the people in Russia, China, North Korea, or any of the other 50+ authoritarian regimes around the world?
Morons tend to agree with the loudest, most aggressive voice of nationalism, regardless of how little sense it makes.
It’s a great moment of opportunity for Fetterman.
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