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
Earlier today, I was sitting near two women whose conversation went like this:
Woman #1: I’m so happy to hear that President Trump will be relocating the Palestinians from Gaza, enabling him to give that land to Israel and establish what he calls the “Riviera of the Middle East” along the eastern shore of the Mediterranean.
Woman #2: Are the Palestinians unhappy in their home?
I’m thinking: Well, I haven’t interviewed any of them personally, but they have been living there since the Bronze Age, about 5000 years ago.
Re: the meme here, I wonder what the people living in the happiest nations on Earth would say.
From the 2026 World Happiness Ranking, here are the top 6:
- Finland (7.76)
- Iceland (7.54)
- Denmark (7.54)
- Costa Rica (7.44)
- Sweden (7.26)
- Norway (7.24)
Notice anything?
They are all social democracies. Their average citizens pay slightly higher taxes, but a) they receive free education and healthcare, and b) there is virtually no poverty.
Providing the conditions under which the poor can become affluent is, of course, a good thing. Quality education and free daycare is a good start.
But making rich people richer with tax breaks for billionaires has been a proven failure.
Looks Like Trickle-Down Economics Is Still Alive in the Minds of Conservatives
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