Longroad Energy, a U.S.-based renewable energy developer, owner and operator, has closed $600 million in debt financing to continue growing its wind, solar and battery portfolio.
The financing is composed of a $275 million term loan, a $175 million revolving credit facility and a $150 million letter of credit facility. The new financing follows last year’s $500 million equity investment by Infratil, New Zealand Superfund and MEAG, which marked Longroad’s shift toward primarily project ownership rather than project sales.
“This additional capital will fuel the expansion of our owned operational fleet to more than 9 GW by 2027, and support our robust 30 GW pipeline of development projects,” says Paul Gaynor, CEO of Longroad. “We appreciate the continued confidence of our investors and banking partners in Longroad’s platform and execution. We are excited to welcome and thankful for the institutions who have come into this new financing.”
The syndicated corporate credit facility was led by Apterra infrastructure capital, a platform company of Apollo and joint lead arrangers Barclays and HSBC.
The post Longroad Energy Closes $600 million Debt Financing Round appeared first on Solar Industry.
Weather Guard Lightning Tech
Nordex Invests in Türkiye, Vestas Wins First V182 Order
Allen covers Nordex’s Türkiye expansion, Chinese turbine makers seeking European partners, Vestas’ first V182 order, and two Pennsylvania repowers.
The Uptime Wind Energy Podcast is brought to you by Weather Guard Lightning Tech, creators of the StrikeTape Ultra LPS retrofit. Subscribe to Uptime’s Substack newsletter. And check out Rosemary’s “Engineering with Rosie” Youtube channel. Have a question we can answer on the show? Email us!
I’m not sure it’s as simple as this, insofar as Bush 41 and 43 weren’t criminal sociopaths.
I happened to be driving through Manhattan on the very day that Colin Powell was addressing the United Nations just a few miles away and claimed, and I think honestly, that Saddam Hussein had “weapons of mass destruction,” and must be stopped by a U.S. military invasion.
Contrast that against what we’re doing in Iran. Fifteen years ago, the Joint Comprehensive Plan of Action (JCPOA), included Iran, the P5+1 nations (the United States, China, Russia, France, the United Kingdom, and Germany), alongside the European Union made an agreement in which most of the developed world agreed that Iran must not have a nuclear weapon.
That stood firmly in place until Trump’s latest war crime, which is costing lives and choking the world economy, solely to defend our president’s neuroses.
The Brennan Center at NYU’s seminal report on this issue, The Truth About Voter Fraud, found that most reported incidents of voter fraud are actually traceable to other sources, such as clerical errors or bad data matching practices. The report reviewed elections that had been meticulously studied for voter fraud and found incident rates between 0.0003 percent and 0.0025 percent.
Does that stop liars like Mike Lee from spreading disinformation of the subject? Of course not.
There is no judgement day. There is no Saint Peter standing in front of the Pearly Gates discerning good from evil and acting according.
That’s a lucky break for Mike Lee.
-
Climate Change1 year ago
Guest post: Why China is still building new coal – and when it might stop
-
Greenhouse Gases2 years ago嘉宾来稿：满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Greenhouse Gases1 year ago
Guest post: Why China is still building new coal – and when it might stop
-
Climate Change2 years ago嘉宾来稿：满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Renewable Energy11 months agoSending Progressive Philanthropist George Soros to Prison?
-
Climate Change2 years ago
Bill Discounting Climate Change in Florida’s Energy Policy Awaits DeSantis’ Approval
-
Greenhouse Gases1 year ago
嘉宾来稿：探究火山喷发如何影响气候预测
-
Climate Change2 years agoAnalysis: China’s CO2 falls 1% in Q2 2024 in first quarterly drop since Covid-19