Connect with us

Published

on

energyRe has secured $155 million in project financing and a $85 million tax equity commitment for its 108 MW Lone Star Solar project and 198 MW BESS, located in South Carolina. 

Financing for the project includes construction debt, tax equity bridge facility and letter of credit facility, with Santander acting as the coordinating lead arranger. Bank of America has committed the tax equity. The transaction was led by the energyRe M&A and Investments teams.

“Lone Star Solar reflects energyRe’s commitment to accelerating the U.S. energy transition with reliable, clean power,” says Miguel Prado, CEO of energyRe.

“We are grateful to our financial partners for supporting Lone Star Solar, which will be one of the largest solar and storage facilities in the Southeastern United States. Today’s announcement underscores energyRe’s market leadership and our proven track record of delivering results for our communities.”

The project is under construction and is expected to be operational by fall.

Last January, the company announced a 10-year PPA with Dominion Energy South Carolina for Lone Star Solar. Syensqo is slated to purchase all of the renewable energy certificates generated by the project.

The post energyRe Secures Financing, Tax Equity Commitment for Lone Star Project appeared first on Solar Industry.

energyRe Secures Financing, Tax Equity Commitment for Lone Star Project

Continue Reading

Renewable Energy

There Were Prior Threats to the Nation Stemming from the White House

Published

on

For most of our lives, many of us boomers have believed that the biggest threat to the United States was our president, starting with Tricky Dick Nixon, the inventor of the “trickle-down economics,” liar Ronald Reagan, and GW (the moron) Bush.

But yes, none of us was prepared for the cold, calculating criminal who is Donald Trump.

There Were Prior Threats to the Nation Stemming from the White House

Continue Reading

Renewable Energy

Yes, Human Activity, in its Current State, Is Unsustainable

Published

on

The fact that human activity is unsustainable has been revealed to us gradually over the last century.  Rachel Carson’s “Silent Spring” was published 63 years ago.

That said, the ideas of climate change, ocean acidification, and loss of biodiversity have been essentially unchallenged by scientists for just the last couple of decades.

The only thing standing in the way of rapid environmental progress is greed, and in the end, that may prove to be an unbeatable foe.  Decarbonizing our grid and transportation sector will eventually destroy the fossil fuel industry, a group so powerful that it has a stranglehold, both on our lawmakers and on our corporate-owned media, that works so hard to misinform our citizenry.

Yes, Human Activity, in its Current State, Is Unsustainable

Continue Reading

Renewable Energy

Will the U.S. Top Military Intervene Before Trump Inflicts Irreparable Damage

Published

on

It’s still possible that our most senior military leaders will insert themselves in time to prevent some truly catastrophic event here in the United States/abroad.

I keep thinking I’ll read about an exchange like this:

Trump: We’re invading Greenland.

Some four-star general: The f*** we are.

This may sound like a pipe dream, but these are people of real honor and integrity who take their oaths to our constitution quite seriously.

Will the U.S. Top Military Intervene Before Trump Inflicts Irreparable Damage

Continue Reading

Trending

Copyright © 2022 BreakingClimateChange.com