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
If you believe that a loving God has a plan for you, and is steadily guiding you towards happiness, then you disagree with the assertion here.
The rest of us are forced to admit that the universe is cooly indifferent to us and the outcome of our lives here on Earth.
This doesn’t mean, btw, that our lives are meaningless, but it does compel us to create our own meaning as we make our choices as we go along.
Another point to be made here is that there is no “galactic cavalry” that is going to come charging in, guns ablazing, to save us from the criminal insanity of the Trump administration.
Mark Kelly, like the vast majority of his fellow Americans, wishes to see Trump removed from office, as the president is clearly criminally insane.
That doesn’t make him, or any of the rest of us, guilty of sedition.
One has to admire the Pope and how he’s trying to bring peace to our world.
It’s a shame this flies in the teeth of the aims of Donald Trump, the most powerful person on Earth, whose personal success depends on fostering division and hatred.
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