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
The vast majority of Americans are thrilled that the midterms brought us the “blue tsunami,” but there are a couple of things that don’t really add up. You may have noticed that:
The U.S. wants a random alcoholic Fox News “journalist’s” head on the plate for having orchestrated the war in Iran, when all he was doing was pursuing his loyalty to Donald Trump, the man who started this asinine and grossly illegal war.
There seems to be no effort to cause Trump, who tried to violently overthrow the U.S. federal government, to face accountability for his treasonous acts.
What’s up with the media? Is there a concerted effort to avoid the facts? What’s the problem with honesty, and telling Americans the truth? Isn’t this the clearest instance of gaslighting in our history? Are we now trying to pretend that Trump never existed?
If such a landslide victory against a would-be autocrat had happened anywhere else on Earth, that traitor would be in prison now, in most cases facing execution.
I was hoping, now that we have midterms behind us, that the morons trying to convince voters that the U.S. is a socialist/communist country would come up with a new package of s*** to spread around.
The country with the highest percentage of ultra-high net worth individuals? Norway.
Weather Guard Lightning Tech
What to Know About Blade Quality, w/ Kronborg Consult
Jacob Kronborg, founder of Kronborg Consult, joins to discuss blade factory quality, carbon pultrusion repairs, serial defects, and LEP.
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