ContourGlobal has entered the U.S. renewables market with the acquisition of a 151 MW solar portfolio comprised of two projects in South Carolina.
Commercial operations for both projects are planned to start in 2029.
The projects have signed long-term PPAs, and all grid interconnection studies have been completed at the time of the transaction. Both were acquired from Sun Tribe Development, with CRC-IB serving as exclusive buy-side advisor to ContourGlobal and EOS Capital serving as exclusive sell-side advisor to Sun Tribe.
“The acquisition of these solar PV assets, currently in the late development stage and supported by a valuable PPA with stable revenue, marks our entry into the U.S. renewables market, where we anticipate significant future growth,” says Antonio Cammisecra, ContourGlobal CEO.
“This transaction, with a reliable development partner such as Sun Tribe, is the first success of ContourGlobal’s newly formed global Business Development team, which fully focuses on accelerating our growth in renewables and on the progressive decarbonization of our thermal portfolio. Our Engineering & Construction is now tasked with ensuring smooth project execution and harvesting the latest technological improvements that will come to the market as we begin construction.”
ContourGlobal is a KKR company.
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ContourGlobal Acquires 151 MW Solar Portfolio from Sun Tribe Development
Renewable Energy
Homeschooling
Decent and intelligent people respect the rights of parents to homeschool their children, but there are two reasons for concern: a) socialization, failure to expose children to their peers, so that they may make friends and come to understand the norms of society, and b) the quality of the education itself.
Almost all homeschooling in the United States is conducted on the basis of a radical rightwing viewpoint, normally a blend of evangelical Christianity and Trumpism.
Renewable Energy
The Positive Effects We’ve Had on Others Are Profound, Whether We Know It or Not
There’s a theory that most people underestimate the positive effects they’ve had on other people.
Yes, that’s the theme of “It’s a Wonderful Life,” but it’s also the core of the 1995 film “Mr. Holland’s Opus,” in which a music teacher who deemed that his life had been a failure because he never completed writing a great symphony, is gently and beautifully corrected. Please see below.
The Positive Effects We’ve Had on Others Are Profound, Whether We Know It or Not
Renewable Energy
Renewable Energy Concepts Can’t Violate the Laws of Physics
In the early days of 2GreenEnergy, my people and I were vigorously engaged in finding solid ideas in cleantech that needed funding in order to move forward.
I vividly remember a conversation with a guy in Maryland who was trying to explain the (ostensible) breakthrough that he and his team had made in hydrokinetics. When I was having trouble visualizing what we was talking about, he asked me to “think of it as a river in a box.”
“Oh!” I exclaimed. “You mean you take a box full of standing water, add energy to it get it moving, then extract that energy, leaving you with more energy that you added to it.”
“Exactly.”
I politely explained that the laws of physics, specifically the first and second laws of thermodynamics, make this impossible.
He wasn’t through, however, and insisted that, in his office, his people had constructed a “working model.”
Here’s where my tone descended into something less than 100% polite. I told him that he may think he has a working model, but he’s wrong; if he believes this, he’s ignorant; if he doesn’t, but is conducting this conversation anyway, he’s a fraud.
“But don’t you want to come see it?” he implored.
“No. Not only would not fly across the country to see whatever it is you claim to have built, I wouldn’t walk across the street to a “working model” of something that is theoretically impossible.”
—
I tell this story because the claim made at the upper left is essentially identical. You’re pumping water up out of a stream, and then claiming to extract more energy when the water flows back into the stream.
Of course, social media today is rife with complete crap like this. We’ve devolved to a point where defrauding money out of idiots is rapidly replacing baseball as our national pastime.
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