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Enfinity Global has closed €118 million in financing for the construction of 101 MW in four utility-scale solar power plants located in the Lazio, Italy region.  

UniCredit, BayernLB and Siemens Financial Services through Siemens Bank acted as mandated lead arrangers for each project financing through a club deal structure. The financing will provide €77 million of non-recourse senior debt, €41 million of VAT financing and LC facilities for PPAs and PV modules.

Production from these four plants is expected to translate into 172 GWh of clean electricity per year, enough to power 64,000 Italian homes and offset 69,000 tons of CO2 emissions, per the company.

“We are delighted to partner with UniCredit, BayernLB, and Siemens Bank for this initial set of projects as we build our existing 4 GW portfolio in Italy,” says Carlos Domenech, CEO of Enfinity Global. “We are pleased to bring competitive clean energy to Italy in support of the country’s net energy needs and carbon emission reduction targets.”

Enfinity Global is currently building four additional projects in Italy, totaling 134 MW for which it previously closed €165 million in financing.

“Financing plays a key role in bringing large-scale ventures to life, especially when investing in capital-intensive infrastructure like solar power plants,” says Siemens’ Siobhan Smyth. “Significant energy projects like this emphasize the critical role of well-structured financing solutions. We are proud to continue our support as a leading financer for renewables on the way to a more sustainable future.”

The plants are expected to become operational next year.

The post Enfinity Global Secures Financing for Four Italy Utility-Scale Solar Plants  appeared first on Solar Industry.

Enfinity Global Secures Financing for Four Utility-Scale Solar Plants 

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Renewable Energy

Bravery Meets Tragedy: An Unending Story

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Here’s a story:

He had 3 days left until graduation.

STEM School Highlands Ranch. May 7, 2019.

Kendrick Castillo was 18. A robotics student. College bound. Accepted into an engineering program. The final week of school felt like countdown, not crisis.

Then a weapon appeared inside a classroom.

Students froze.

Kendrick did not.

Witnesses say he moved instantly. He lunged toward the attacker. No hesitation. No calculation.

Two other students followed his lead.

Gunfire erupted.

Kendrick was fatally sh*t.

But his movement changed the room.

Classmates were able to tackle and restrain the attacker until authorities arrived. Investigators later stated that the confrontation disrupted the attack and likely prevented additional casualties.

In seconds, an 18-year-old made a decision most adults pray they never face.

Afterward, the silence was heavier than the noise.

At graduation, his name was called.

His diploma was awarded posthumously. The arena stood in collective applause. An empty seat. A cap and gown without the student inside it.

His robotics teammates remembered him as curious. Competitive. Kind. Someone who solved problems instead of avoiding them.

He had planned to build machines.

Instead, he built a moment.

A moment that classmates say gave them time.

Time to escape.

Two points:

If you can read this without tears welling up in your eyes, you’re a far more stoic person than I.

Since Big Money has made it impossible for the United States to implement the same common-sense gun laws that exist in the rest of the planet, this story will reduplicate itself into perpetuity.

Bravery Meets Tragedy: An Unending Story

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Renewable Energy

Forced Transgendering of America’s Little Kids

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How often does this happen? How about never?

Trump loves to say that little boys go to school and come back home little girls.

He’s the most powerful person in the world for exactly one reason: We’re a nation of morons.

Forced Transgendering of America’s Little Kids

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Renewable Energy

Illegal Aliens and U.S. Veterans

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Two comments:

That the United States has homeless veterans is a national (and international) disgrace.

By definition, no one has the legal right to enter the U.S. illegally, but according to our constitution, everyone in America is entitled to due process.

Illegal Aliens and U.S. Veterans

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