energyRe has raised a $1.2 billion capital package to support expansion of its large-scale renewable portfolio. .
The portfolio, comprising utility-scale transmission and storage, onshore wind and solar generation, as well as offshore wind, will leverage these investments to advance its stated mission of decarbonizing U.S. cities.
“energyRe’s world-class renewable energy portfolio and team have earned the trust of institutional investors and are more ready than ever to advance the U.S. transition,” says Jeff Blau, energyRe’s chairman and founding partner. “We look forward to leveraging our experience and expertise to deliver reliable clean power and advance a sustainable, carbon-free American future.”
The package is comprised of committed capital investments from Glentra Capital alongside co-investors Novo Holdings and Denmark-based pension fund PKA. Glentra will leverage its track record in developing and constructing renewable energy assets in the U.S. to support the energyRe team’s growth plan.
Additionally, Ella Group has acquired a stake in energyRe and will be offering its expertise in the development, construction, operation and maintenance of offshore transmission infrastructure; HVDC technology; transmission planning and congestion management to the partnership.
The capital package also includes a mandated corporate debt facility to be arranged by Santander and Deutsche Bank.
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energyRe Raises $1.2 billion to Expand U.S. Project Portfolio
There really are threats to human civilization that seem to be mounting in intensity:
• World fascism. (If it can happen in the U.S., it could conceivably happen anywhere.)
• Environmental collapse.
• Malicious use of AI.
• Pandemics, as misinformation on vaccinations spread and the frozen tundra melts, releasing pathogens never seen by humans.
• Nuclear war.
Addressing the point made at left, is there any scenario in which world governments agree to cooperate so as to stave off the end of an organized society here on Earth? One supposes so, though it sounds far-fetched in today’s world in which the leaders of most of the 200+ sovereign nations are trying so desperately to cling to power.
Obviously, James Carville has been wrong before, but it appears that he’s onto something here.
An ever-increasing number of Americans are realizing that Trump is criminally insane, and is leading this nation to destruction.
It’s a pleasure to see that Dr. Brian Cox has people so popular, having joined the ranks for Neil DeGrasse Tyson, Bill Nye, and a few others. This phenomenon of celebrity physicists if one of very few bright spots in our modern world.
I would qualify what he says at left as follows: the only people who hate the economics here are those invested in fossil fuels. Clean energy and transportation are already huge industries, and they’re growing at an amazing pace–even in the face of heavy suppression by Big Oil and Donald Trump.
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