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ENGIE North America has completed more than $1 billion of tax equity financing to fund a portfolio of recently commissioned renewable projects in the U.S. through separate agreements with J.P. Morgan, Goldman Sachs and BNP Paribas. 

The portfolio consists of six projects across ERCOT, MISO and SPP, including 950 MW of solar and 353 MW of wind capacity. The aggregate 1.3 GW of these projects represents one of the largest tax equity financing arrangements for the company so far.

“We are delighted that ENGIE is once again able to collaborate with some of the world’s leading financial institutions to accelerate the energy transition towards a net zero future,” says ENGIE North America’s Dave Carroll. “This transaction reflects our proven and recognized track record in developing, building and operating renewables assets, both in North America and globally.”

The post ENGIE Completes $1B Tax Equity Financing for U.S. Renewables  appeared first on Solar Industry.

ENGIE Completes $1B Tax Equity Financing for U.S. Renewables 

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Renewable Energy

Renewable Energy Concepts Can’t Violate the Laws of Physics

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In the early days of 2GreenEnergy, my people and I were vigorously engaged in finding solid ideas in cleantech that needed funding in order to move forward.

I vividly remember a conversation with a guy in Maryland who was trying to explain the (ostensible) breakthrough that he and his team had made in hydrokinetics. When I was having trouble visualizing what we was talking about, he asked me to “think of it as a river in a box.”

“Oh!” I exclaimed. “You mean you take a box full of standing water, add energy to it get it moving, then extract that energy, leaving you with more energy that you added to it.”

“Exactly.”

I politely explained that the laws of physics, specifically the first and second laws of thermodynamics, make this impossible.

He wasn’t through, however, and insisted that, in his office, his people had constructed a “working model.”

Here’s where my tone descended into something less than 100% polite. I told him that he may think he has a working model, but he’s wrong; if he believes this, he’s ignorant; if he doesn’t, but is conducting this conversation anyway, he’s a fraud.

“But don’t you want to come see it?” he implored.

“No. Not only would not fly across the country to see whatever it is you claim to have built, I wouldn’t walk across the street to a “working model” of something that is theoretically impossible.”

I tell this story because the claim made at the upper left is essentially identical.  You’re pumping water up out of a stream, and then claiming to extract more energy when the water flows back into the stream.

Of course, social media today is rife with complete crap like this.  We’ve devolved to a point where defrauding money out of idiots is rapidly replacing baseball as our national pastime.

Renewable Energy Concepts Can’t Violate the Laws of Physics

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Renewable Energy

What Canada Has that the U.S. Doesn’t

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Until recently, I would have moose, maple syrup, and frozen tundra.

Now I would say: decency, honesty, and class.

What Canada Has that the U.S. Doesn’t

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Renewable Energy

Not Sure About Zero Illegals, But . . .

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I’m ready to live in a country with zero hateful morons, if that counts.

Not Sure About Zero Illegals, But . . .

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