KKR has acquired a majority equity interest in Avantus by investment funds and accounts managed by KKR.
Coinciding with the close of the transaction, Avantus secured a $522 million development facility arranged by KKR Capital Markets and Sumitomo Mitsui Banking. The facility provides Avantus the financial backing to fuel the company’s energy storage development across the western U.S.
“This announcement is a ringing endorsement of our proven team at Avantus, providing us the capital to advance our portfolio and develop high-performing, high-value clean energy projects,” says Stephanie Perry, Avantus COO.
“We are excited to work with KKR and our existing investor EIG to achieve our growth plans and build on our track record of delivering record-breaking clean energy solutions that will decarbonize our planet at scale.”
The post KKR Acquires Majority Interest in Avantus appeared first on Solar Industry.
Renewable Energy
Texas Goes Blue
A friend from Texas writes: It’s been an interesting week! A lot to reflect on. And Texas seems to be the epicenter. Folks are pretty flabbergasted over the defeat of all statewide Republican candidates (including state supreme court justices) and the election of a Democratic party-controlled state house.
Yes, Texas blew everyone’s mind. I think what the GOP experienced was a double-whammy if you will.
Consumer prices are high, due at least in part to Trump’s inane and illegal war in Iran. This is impacting the lives of working class Americans.
and
I’m pleased to be able to report that many people still have a conscience, which causes them to reject the GOP’s cruelty, dishonesty, dismissal of science, and criminality.
Renewable Energy
White Guys Not Really Catching On
As shown here, white men, especially uneducated white men, are still not able to see that Trump is terrible for America.
If the last two years didn’t change that, it appears that nothing will.
Renewable Energy
A Few Things in U.S. Politics that Don’t Make Sense
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.
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