Captona and Scale Microgrids have closed on and funded a portfolio of community solar and microgrid assets in New York and California.
The investment furthers Captona’s preferred equity strategy and enables Scale to optimize the value of their investment tax credits, the companies say.
“Captona is thrilled to complete yet another investment through our rapidly expanding preferred equity strategy,” adds Izzet Bensusan, CEO and founder of Captona.
“This portfolio of microgrids and community solar projects provide reliable, sustainable energy solutions that enhance energy independence and grid resilience. As an energy transition investment firm, we find these asset classes to be a great fit within our existing portfolio of RNG, fuel cells, storage and solar.”
The projects have all been placed in service. Scale will continue to own, operate and maintain them.
Kirkland & Ellis served as counsel for Captona. Allen Overy Shearman served as counsel for Scale Microgrids.
The post Captona, Scale Microgrids Complete Preferred Equity Investment in Solar Projects Portfolio appeared first on Solar Industry.
Captona, Scale Microgrids Complete Preferred Equity Investment in Solar Projects Portfolio
Renewable Energy
Myth Busting in Renewable Energy
I met a guy earlier today who told me that wind and solar are controversial, and that some people say that the mining and manufacturing of wind turbines requires more fossil fuels that the turbines themselves produce.
I told him that I’m aware of such people; they’re called “professional liars.”
I explained the concept of EROI, energy return on investment, and surprised him by saying that the EROI of wind is somewhere between 18 and 30, meaning that each wind turbine you see as you drive along the freeway will generate at least 18 times as much energy as was required in its mining, fabrication, installation, maintenance, and decommissioning–all the way up to 30 times that amount.
The generation of disinformation of renewables has become a cottage industry. People are paid to make up and publish complete bullshit, so as to discredit the burgeoning clean energy industry, and keep Big Oil in place.
Renewable Energy
Thanking God for Trump
As bad as things are in the United States, they could always get worse.
Trump could succeed in his quest to be a dictator, Christianity could be taught in schools, and unvaccinated adults and their kids could trigger another epidemic.
In terms of our reputation on the world stage, however, things really can’t get must worse; the countries around the globe already regard us with a mixture of hate and derision.
Yet regardless of what the future holds, there will always be idiots who that believe that Trump is our savior, like the author of the meme above.
Renewable Energy
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Good to see John Eastman disbarred in California; it’s a small measure of justice.
Criminal prosecution in the future?
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