Solar developer Infiniti Energy has closed an $82.9 million structured finance facility with Fifth Third Bank, acting as administrative agent, to support a growing portfolio of commercial solar projects slated for construction this year.
The construction facility is being financed through Fiera Private Debt, and Flagstar Bank is providing the tax equity.
The financing will support the development, construction and operation of 21 MW of commercial and industrial (C&I) solar projects located in New Jersey, California and Illinois. Infiniti Energy will build, own and operate all sites under power purchase agreements with a diverse group of solar offtakers, including retail, commercial and industrial clients.
“The Infiniti team is excited to build on our expanding partnership with Fifth Third Bank and welcome the opportunity to work with Fiera and Flagstar to support our growing portfolio,” says Michael Kushner, Infiniti Energy CEO. “The projects that Infiniti owns and operates continue to generate affordable and sustainable solar energy for our clients while contributing to our country’s renewable transition.”
Development of the projects is already under way, and completion of the portfolio is expected this year.
The post Infiniti Energy Nets Financing to Support Solar Pipeline appeared first on Solar Industry.
The United States seems set on propelling itself backwards.
Maybe, as they say, “Hell has a special place reserved in it” for people like Thom Tillis, Republican Senator from North Carolina, who enabled Trump to rape and destroy the United States.
That was until it became clear to Tillis that he could jump ship, write a scathing book about the president, get all over mainstream news promoting it, and go on to enjoy another chapter of political success.
That we Americans are so stupid that we accept this blatant hypocrisy and criminality is sad proof that we’re not the people we were 20 years ago. Maybe what many people are saying are correct: we deserved what we got.
Here’s a short video from Elle Cordova that reminds us that science is something of a rarity in human history.
The great tyrants of history have done their best to cause the people they ruled to reject science, simply to ensure the masses are ignorant, terrified, superstitious, and thus easily controlled.
The current political administration is particularly engrossed in the rejection of science. I wonder why.
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