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Lightsource bp has successfully closed on a $348 million financing package, set to support the construction and operation of a 288 MW portfolio comprised of two utility-scale solar projects in Texas.

The financed projects are the company’s 163 MW Starr Solar located in Starr County, Texas and 125 MW Second Division Solar project located in Brazoria County, Texas. Both projects are scheduled to come online this year.

“This deal is an important milestone towards building out our growing portfolio of solar and storage projects across the United States, extending our relationship with several top-tier financing counterparties, each of whom have partnered with Lightsource bp on previous transactions,” says Lightsource bp’s Emilie Wangerman. “It’s also our first transaction to benefit from the transferability provisions of the Inflation Reduction Act of 2022 to monetize the projects’ investment tax credits.”

Societe Generale served as the coordinating lead arranger and hedge provider. ING served as a mandated lead arranger, hedge provider, green loan coordinator, as well as the administrative agent and collateral agent. NatWest acted as a lender to the company. Lloyds Banking Group served as a mandated lead arranger and hedge provider. Allied Irish Banks served as a mandated lead arranger.

Lightsource bp currently operates three solar projects in Texas: the 260 MW Impact, 163 MW Elm Branch and 153 MW Briar Creek Solar.

The post Lightsource bp Completes $348M Financing Package for Texas Utility-Scale Projects appeared first on Solar Industry.

Lightsource bp Completes $348M Financing Package for Texas Projects

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Renewable Energy

The Positive Effects We’ve Had on Others Are Profound, Whether We Know It or Not

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There’s a theory that most people underestimate the positive effects they’ve had on other people.

Yes, that’s the theme of “It’s a Wonderful Life,” but it’s also the core of the 1995 film “Mr. Holland’s Opus,” in which a music teacher who deemed that his life had been a failure because he never completed writing a great symphony, is gently and beautifully corrected. Please see below.

The Positive Effects We’ve Had on Others Are Profound, Whether We Know It or Not

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Renewable Energy

Renewable Energy Concepts Can’t Violate the Laws of Physics

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In the early days of 2GreenEnergy, my people and I were vigorously engaged in finding solid ideas in cleantech that needed funding in order to move forward.

I vividly remember a conversation with a guy in Maryland who was trying to explain the (ostensible) breakthrough that he and his team had made in hydrokinetics. When I was having trouble visualizing what we was talking about, he asked me to “think of it as a river in a box.”

“Oh!” I exclaimed. “You mean you take a box full of standing water, add energy to it get it moving, then extract that energy, leaving you with more energy that you added to it.”

“Exactly.”

I politely explained that the laws of physics, specifically the first and second laws of thermodynamics, make this impossible.

He wasn’t through, however, and insisted that, in his office, his people had constructed a “working model.”

Here’s where my tone descended into something less than 100% polite. I told him that he may think he has a working model, but he’s wrong; if he believes this, he’s ignorant; if he doesn’t, but is conducting this conversation anyway, he’s a fraud.

“But don’t you want to come see it?” he implored.

“No. Not only would not fly across the country to see whatever it is you claim to have built, I wouldn’t walk across the street to a “working model” of something that is theoretically impossible.”

I tell this story because the claim made at the upper left is essentially identical.  You’re pumping water up out of a stream, and then claiming to extract more energy when the water flows back into the stream.

Of course, social media today is rife with complete crap like this.  We’ve devolved to a point where defrauding money out of idiots is rapidly replacing baseball as our national pastime.

Renewable Energy Concepts Can’t Violate the Laws of Physics

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Renewable Energy

What Canada Has that the U.S. Doesn’t

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Until recently, I would have moose, maple syrup, and frozen tundra.

Now I would say: decency, honesty, and class.

What Canada Has that the U.S. Doesn’t

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