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BrightNight has received a $440 million strategic investment from the Infrastructure business at Goldman Sachs Alternatives.

The investment, along with existing capital commitments, is expected to fund the company’s execution of its 31 GW renewables project portfolio. The transaction is expected to close in next month.

“BrightNight was founded on a unique combination of strengths that capitalize on strong secular energy transition tailwinds,” says Martin Hermann, BrightNight chairman and CEO. 

“We have quickly established a large and differentiated portfolio in high-demand growth markets seeking decarbonizing renewable energy solutions to meet growing load and reliability needs. BrightNight’s best-in-class team, extensive project portfolio and revolutionary AI-powered software platform, PowerAlpha, position us to maximize value for our utility and corporate customers. We look forward to continuing this journey in partnership with Goldman Sachs.”

BofA Securities and PJT Partners acted as financial advisors to BrightNight. Jefferies acted as financial advisor and Weil, Gotshal & Manges served as legal counsel to Goldman Sachs Alternatives.

The post Goldman Sachs Alternatives Makes $440M Investment in BrightNight appeared first on Solar Industry.

Goldman Sachs Alternatives Makes $440M Investment in BrightNight

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Renewable Energy

Carl Sagan and the Suppression of Uncomfortable Ideas

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Seminal astrophysicist Carl Sagan explains why uncomfortable ideas may be banned in religion, they must not be shunned in science.

This is an important concept in American life today, as conspiracy theorists are convinced that climate change denial cannot be considered in scientific circles.

I happened to bring this up in my interview with Dr. V. Ramanathan of the Scripps Institution, who has been amassing data on global warming since the 1970s.  He laughed, and explained, “If I could prove that human activity was not causing temperatures to rise, I’d be be one of the wealthiest and most famous scientists in world history.”

Carl Sagan and the Suppression of Uncomfortable Ideas

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Renewable Energy

We Came Incredible Close to Averting the Disaster that Is Donald Trump

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As suggested at left, a great deal of the hardship that has befallen the U.S. was simply bad luck.  Al Gore came within a whisker of victory in 2000, a win that would have forever changed the course of our nation in terms of energy policy, education, healthcare, and international affairs.

If Bernie had become the 2016 nominee, we wouldn’t have had Hillary Clinton telling our country’s most mean-spirited and least-educated people that they were “deplorables,” ushering a criminal sociopath into the White House.

We Came Incredible Close to Averting the Disaster that Is Donald Trump

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Renewable Energy

Socialism and “Free Stuff”

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Social democracies are nations in which the tax base provides everyone with healthcare and education, and where the richest and most powerful people are not free to ruin the environment.

I run into someone from one of these counties a couple of times a month, and I like to ask why their people are consistently at the top of the World Happiness Rankings. The normal response is always some variant of the following:

It’s hard to be happy living in a society that is indifferent to the suffering of others.  It’s part of the very nature of human beings to care about one another.

Something else I notice about these places is that very few people are religious.  Sweden, e.g., is about 80% atheist.

That means no childish tribalism, no ridiculous dogmas, no worries about eternal damnation, etc.

Socialism and “Free Stuff”

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