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Excelsior Energy Capital has sold a 38 solar energy and solar plus storage project portfolio to BlackRock’s Evergreen Infrastructure Partners Fund, divesting its entire stake as part of the transaction.

The project portfolio consists of operational solar and battery storage distributed generation projects with a total nameplate capacity of 89 MW. This transaction is the company’s first exit from its inaugural fund, Excelsior Renewable Energy Investment Fund I, which launched seven years ago and has invested in renewable projects across ten U.S. states.

“This successful exit marks a proud milestone for the Excelsior team and validates our differentiated strategy for addressing North American renewable power generation,” says Chris Moakley, managing partner at Excelsior.

Excelsior was advised by Akin Gump, led by partner Dan Lynch, as well as Morgan Stanley and KeyBanc Capital Markets throughout the sale process. Latham & Watkins, along with KPMG, Natural Power and Thorndike Landing advised BlackRock.

The post Excelsior Energy Capital Sells Solar, Solar + Storage Assets to BlackRock appeared first on Solar Industry.

Excelsior Energy Capital Sells Solar Assets to BlackRock

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Renewable Energy

Geothermal in Iceland

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Iceland is lucky enough to have incredible geothermal resources.  And while it’s not alone in that regard, most parts of the world require drilling through some of the toughest rock on the planet.

That’s the reason that solar and wind have come to dominate the landscape of renewables; their costs have plummeted in recent years, making things like geothermal noncompetitive in most regions.

Geothermal in Iceland

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Renewable Energy

Things Have Changed

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To the author of the meme here, I respond:

Yes, all this is true.  But we must never forget that we voted for this, not once but twice.

Still, a full 30% of us support the lies, the stupidity, and the criminality, while our enemies are popping to the tops off of champagne bottles.  Russia took us down without firing a shot.  China is making its way toward world domination, largely because the United States committed suicide.

Fifty years ago, we were a reasonably well-educated and principled people.

Now, we’re a blend of greedy pigs and hateful imbeciles.

We have no one to blame for the implosion of America but ourselves.

It would be incorrect to say that literally no one saw this coming, but it took the overwhelming majority of the world by complete surprise.

Things Have Changed

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Renewable Energy

America’s Cultural, Moral, and Spiritual Decay 

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Former Republican strategist Steve Schmidt makes an important point here, one that makes us wonder exactly how long it’s going to take to repair the damage that Trump has inflicted on our country.

Let’s say that the midterm elections shift the balance of power in congress and Trump is removed from power in the first half of 2027.  Perhaps this will happen on the basis of his senility, using the 25th Amendment. Or better, he’ll be impeached and convicted for any of dozens of the crimes he’s committed.

As much of the physical damage as possible will be undone, almost overnight.  No Trump names on public buildings.  Tariffs removed.  Science re-instated as the pillar of policy making and public health.  No more idiot sycophants in key positions. Iran and the U.S. (somehow) move back into the relationship we had before Trump’s asinine and illegal war.

The vast majority of Americans and virtually everyone else on Earth will breathe a huge sigh of relief.

But even if this happens swiftly, it will most certainly not make the “Trump phenomenon” vanish into the mist.  People all around the globe will continue to regard the former envy of the world as a nation of hateful idiots, and it’s likely that this perception, as many have suggested, will take a generation or so to lift.

Canadian PM Mark Carney is predicting that, given the implosion of the U.S., that a new world order is forming with Europe as its center.  Maybe “a generation or so” won’t get the job done.  Maybe American dominance is gone forever.

And maybe that’s not such a bad thing.  Imagine for a moment that billionaires didn’t control every facet of life here, and that our nation morphs into one that resembles the more enlightened places on this planet, where its people are well-educated and feel a distinct level of compassion for one another.

America’s Cultural, Moral, and Spiritual Decay 

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