Published

2 years ago

December 15, 2023

Alice Rush

Greenbacker Capital Management has entered into a $92 million financing agreement with BMO through an affiliated investment vehicle.

BMO served as both lender and the administrative agent for the deal. Wilmington Trust served as collateral agent and depositary agent. The financing package includes a construction to term loan, a tax equity bridge loan, a term loan commitment and a letter of credit facility.

The proceeds from the construction loan and tax equity bridge loan will be used to finance the construction of the Holtville BESS, which will have an expected 30 MW power capacity and up to 120 MWh energy storage capacity.

The project has a long-term contract in place with an investment-grade offtaker. The term loan will support the construction of a portfolio of community solar projects in the northeastern U.S. All portfolio projects are expected to enter commercial operation next year.

Holtville is compliant with the Equator Principles, a voluntary framework adopted by members of the financial industry, including BMO, to responsibly evaluate the environmental and social impacts of the projects they finance.

Greenbacker was advised on the deal by Stoel Rives. Paul Hastings served as legal advisor to BMO. Wilmington Trust was advised by Bryan Cave Leighton Paisner.

The post Greenbacker Enters into $92 Million Financing Agreement with BMO appeared first on Solar Industry.

Greenbacker Enters into $92 Million Financing Agreement with BMO

Renewable Energy

Countries Without God

Published

2 days ago

April 29, 2026

Alice Rush

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.

Countries Without God

Renewable Energy

From the Independent: “Trump Administration to Pay Two More Companies to Walk Away from U.S. Offshore Wind Leases”

Published

2 days ago

April 28, 2026

Alice Rush

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.

From the Independent: “Trump Administration to Pay Two More Companies to Walk Away from U.S. Offshore Wind Leases”

Renewable Energy

Understanding Pete Hegseth

Published

2 days ago

April 28, 2026

Alice Rush

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.