Intersect Power has announced commercial operation of its Lumina Solar project, located in Scurry County, Texas.
The project generates 828 MW, enough to power more than 243,000 homes for one year, says the company. Built with First Solar panels, the project created more than 900 jobs at peak construction.
“Renewable energy is a critical piece of the overall American energy production story and Texas continues to lead the way in development and production,” says Sheldon Kimber, Intersect Power CEO. “We are proud to own and operate our now fully operational 2.2 gigawatt solar plus 1.4 gigawatt hour storage portfolio in Texas and California, which has helped drive significant economic development and job creation while bringing energy security and independence to our country.”
Renewable energy credits generated by the Lumina project will be purchased by two Fortune 100 companies. Funding for the project’s construction and operations was secured as part of the broader portfolio financing announced last September, when Intersect Power closed on portfolio level term debt, tax equity and construction financing commitments.
The portfolio term debt was provided by certain funds and accounts managed by HPS Investment Partners and other co-Investors. Tax equity was provided by U.S. Bancorp Impact Finance and two Fortune 100 companies. Construction debt was provided by Coordinating Lead Arrangers MUFG and Santander Corporate & Investment Banking, along with CoBank, KeyBanc Capital Markets, Bank of America, Helaba and Nord/LB as joint lead arrangers.
Intersect and its partners were represented by the following counsel and advisors on the deals: Orrick, Herrington & Sutcliffe represented Intersect as lead counsel and Kirkland & Ellis LLP served as Intersect’s special tax counsel; CCA Capital advised Intersect on the tax equity transactions; Greenberg Traurig served as counsel to U.S. Bancorp Impact Finance; and Winston & Strawn served as counsel to the construction lenders.
The post Intersect Power’s Lumina Project in Texas Reaches Commercial Operation appeared first on Solar Industry.
Intersect Power’s 828 MW Lumina Project in Texas Reaches Operation
China owns less than 1% of the 3.6% of U.S. farmland that is owned by foreign governments and investors.
Some would say:
Stealing their miniscule position is imperative.
Forget about World War 3, the Epstein files, and Trump’s criminal psychosis.
Let’s get on this, before their holdings grow to 0.04%.
Is It Right to Take Back the <0.036% of All U.S. Farmland Owned By China?
I know there are people hoping to see human civilization destroy itself, to welcome in the apocalypse as forecast in the book of Revelation. In fact, one of my co-coaches in the days our kids played soccer had this precise belief.
When I explained that my life’s work was to halt the destruction of human society, he chastised me: “Oh no Craig! The sooner life on Earth comes to an end, the sooner Christ will return to summon us all to Heaven!”
I wasn’t impressed with his thinking.
… All this is coming to a head.
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