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
The only one in America whose life is improved by mass deportation is Donald Trump.
Ignorant and hateful people (the MAGA base) love the idea of punishing people with brown skin. Yet working class white supremacists actually lose financially, as prices rise due to loss of workers in low-income jobs in agriculture, restauranting, childcare, landscaping, construction, hospitality, etc.
Remarkably, there are still Americans who buy into the concept promoted at left. Most people have figured out that:
The greed of corporations and billionaires has usurped our lawmaking processes and made it extremely difficult for the working class to live any decent kind of life.
Rule of law is a joke in the United States.
The final days of free market capitalism are upon us, leaving the common American more depressed and desperate than in any past age.
As the United States continues its slide into corporatocracy and oligarchy, the concept of universal healthcare becomes ever more unlikely.
As the midterms approach, we need to brace ourselves for the onslaught of messaging from the GOP to the effect that Trump is the only force separating America from communism. This, believe it or not, is a concept warmly embraced by tens of millions of hateful idiots.
The rest of the developed world deems healthcare to be a human right, like potable water. We counter: Bull****. Corporate profitability is the supreme right here.
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