Connect with us

Published

on

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

Continue Reading

Renewable Energy

Here’s How to Clean Away a Messy Toilet Using Today’s Incredible Technology

Published

on

I’ve never seen a toilet this soiled by diarrhea.  But thankfully, there are now products that use pressurized steam to clean messes like this more-or-less instantly.

Apparently, they’re selling like hotcakes, but only to people incapable of asking themselves, “Where does all this fecal matter actually go? Does it seem like a good idea to blast it all over the bathroom?  And if the bathroom door’s not closed, all over the house?”

Here’s How to Clean Away a Messy Toilet Using Today’s Incredible Technology

Continue Reading

Renewable Energy

Home Schooling Is a Bit Controversial

Published

on

In an average month, I meet at least one person who is homeschooling their child.  I’m always tempted to ask about their reasoning, but I don’t, as it would bring up politics in at least 90% of cases, and I don’t like to alienate people by putting them on the defensive.

They probably know that homeschooling comes at a cost in terms of depriving the kid of the socialization that comes along with being surrounded with children their own age, but they believe they are protecting their kid from the multiplicity of dangers in public, and perhaps worse, private schools, starting with required vaccinations, then continuing into indoctrination into godlessness, socialism, science, and questioning the morality of America.

Obviously, as U.S. citizens, we have an extremely broad range of rights when it comes to how we raise our children.  If we keep them fed and get them medical treatment when required, we’re home free.

If I had any inclination whatsoever to challenge these people, I’d ask about their proficiency with history, writing, and math.  Even the common MAGA parent can teach his kid to read at a basic level and get through the multiplication tables, but how well is he equipped to take on geometry and the developments made by the Sumerians?

Clearly, such a discussion on this topic could get ugly very quickly.

Home Schooling Is a Bit Controversial

Continue Reading

Renewable Energy

Pride Flags

Published

on

To me, a pride flag says, “We accept LGBTQ people, and we bear them no malice.”

That seems just fine.

Pride Flags

Continue Reading

Trending

Copyright © 2022 BreakingClimateChange.com