Salt Lake City, Utah-based rPlus Energies has successfully secured over $1 billion in construction debt financing for its Green River Energy Center project subsidiary.
Located in Utah’s Emery County, an area with a long history of energy production, the project is comprised of 400 megawatts of solar photovoltaic (PV) power and 400 MW/1,600 megawatt-hours of battery storage and includes a power purchase agreement with PacifiCorp.
Five financial institutions are contributing to this debt financing deal as coordinating lead arrangers. They are Crédit Agricole Corporate and Investment Bank, KeyBanc Capital Markets, MUFG Bank Ltd., Truist Securities Inc. and Wells Fargo Securities LLC, with MUFG acting as administrative agent for the lenders.
“The Green River Energy Center marks rPlus Energies’ debut as an independent power producer,” says Luigi Resta, rPlus Energies president and CEO. “We extend our deep gratitude to the five esteemed lenders, and their affiliates and syndicate members, for supporting one of the largest projects of its kind in the country.”
Norton Rose Fulbright served as lead counsel to rPlus. Dorsey & Whitney served as special Utah counsel to rPlus. The lenders were represented by Winston & Strawn, with support from Snell & Wilmer on Utah law matters.
Green River Energy Center is one of the largest planned solar-plus-storage facilities in Utah and ranks among the most expansive solar energy facilities within PacifiCorp’s system. The project is expected to generate about 500 construction jobs with a significant percentage of the full workforce expected to be hired locally. Once operational, it will significantly boost local tax revenue to Emery County, providing an ongoing benefit to the county’s budget and services, in addition to long-term energy employment opportunities.
Engineering, procurement and construction services will be provided by Sundt Renewables.
The post Green River Energy Center Project Receives Over $1B in Debt Financing appeared first on Solar Industry.
Green River Energy Center Project Receives Over $1B in Debt Financing
A couple of months ago, I happened to ask a friend who had emigrated from Sweden if she was religious. “No!” she exclaimed. “Almost no one in Sweden is religious.”
As we see at left, there seems to be a huge correlation between atheism and the national level of happiness. But what causes that?
Are believers unhappy people for some reason? That doesn’t make sense.
Here’s my two-fold theory. Atheists believe:
a) That we only live once, so we try to enjoy it while we can.
And, more importantly,
b) That we need to take care of one another (since there is no God). We’re willing to make sacrifices if that means things like great education, universal healthcare, environmental responsibility, tolerable working conditions, and near-zero poverty.
Renewable Energy
From the Independent: “Trump Administration to Pay Two More Companies to Walk Away from U.S. Offshore Wind Leases”
From this article in The Independent:
The Trump administration announced two more payouts Monday for energy companies to walk away from U.S. offshore wind projects under development.
Bluepoint Wind and Golden State Wind have agreed to end their offshore wind leases in exchange for reimbursements totaling nearly $900 million. Both companies have decided not to pursue any new offshore wind projects in the United States, the Interior Department announced Monday.
Bluepoint Wind is an offshore wind project in the early stages of development off the coasts of New Jersey and New York, while Golden State Wind is a floating offshore wind project proposed off California’s central coast.
Trump is hellbent on destroying the renewable energy industry so as to benefit his billionaire friends in fossil fuels.
He’s on course to be remembered as the most destructive person in world history, with the possible exception of Adolph Hitler.
What is said here about Pete Hegseth is clearly true.
But keep in mind that he’s fiercely loyal to Donald Trump, and Trump couldn’t possibly care what happens to the United States, as long as he can stay out of prison and enrich himself and his family.
-
Greenhouse Gases9 months ago
Guest post: Why China is still building new coal – and when it might stop
-
Climate Change9 months ago
Guest post: Why China is still building new coal – and when it might stop
-
Greenhouse Gases2 years ago嘉宾来稿：满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Climate Change2 years ago
Bill Discounting Climate Change in Florida’s Energy Policy Awaits DeSantis’ Approval
-
Climate Change2 years ago嘉宾来稿：满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Renewable Energy6 months agoSending Progressive Philanthropist George Soros to Prison?
-
Climate Change Videos2 years ago
The toxic gas flares fuelling Nigeria’s climate change – BBC News
-
Carbon Footprint2 years agoUS SEC’s Climate Disclosure Rules Spur Renewed Interest in Carbon Credits