BrightNight and Cordelio Power have secured a $414 million construction credit facility for their 300 MW Box Canyon solar power project in Pinal County, Ariz.
“Along with our recent $375 million corporate credit facility with a strong bank group, this successful financing is a significant milestone in funding the buildout of our extensive 37 GW renewable power portfolio,” says Martin Hermann, BrightNight CEO.
“We deeply value our partnership with SPPA, Pinal County and the state of Arizona. This funding will bring much-needed clean power, hundreds of skilled jobs, economic development and energy security to this strategic and rapidly growing region.”
BrightNight and Cordelio Power are co-members of BOCA bn, the project’s owner. Construction began in December, with the project expected to be operational next year.
Zions Bancorporation served as administrative agent and coordinating lead arranger. Joint lead arrangers are National Bank of Canada, Royal Bank of Canada, Sumitomo Mitsui Trust Bank and Canadian Imperial Bank of Commerce.
Blattner is the project’s EPC contractor.
The post BrightNight, Cordelio Power Close on Financing for Arizona Box Canyon Project appeared first on Solar Industry.
BrightNight, Cordelio Power Close on Financing for Arizona Box Canyon Project
Obviously, the endorsement of a much-despised president didn’t help, but what chance did this election-denying moron actually have in a sophisticated state like Minnesota?
One good thing about having Trump in the White House is that doesn’t have enough sense to hide what a terrible person he is.
We all recall the COVID-19 outbreak, and Trump’s suggestion that we reduce our testing for the disease on the basis that less testing means fewer positive results, which means less outrage on the level of Trump’s ineptitude in handling the epidemic.
Until I was about 40, what Milton Friedman said at left made perfect sense to me.
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Remarkably, there are many people, especially those in Big Oil, who understand climate change but think that wildfires, superstorms, desertification, ocean acidification and massive losses of biodiversity are an acceptable price to pay if it will transport them millionaires to billionaires.
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