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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.

Longroad Energy Closes $600 Million Debt Financing Round

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Renewable Energy

Dictators

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Have you ever wondered why every dictator in human history follows the exact same playbook?  Check this out.

Plato nailed this 2400 years ago, and it’s been on “rinse/repeat” ever since.

Dictators

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Renewable Energy

Making Billions by Harming Others

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On average, I meet perhaps 50 K-12 teachers each year, and I often ask them: What is the biggest challenge you face that impacts your ability to connect with and educate your students?

Here’s a rough tabulation:

Screen time, how it robs kids of their ability to pay attention, impedes social interaction, and makes parenting more difficult: 80%

Everything else combined: 20%

Maybe this is a cynical viewpoint, but it seems like that world of today revolves around the mega-corporations profiting by punishing their customers.

In this case, we have the tech giants ruining the lives of our children.  Elsewhere, we have healthcare industry driving people into bankruptcy, Big Oil ruining our planet, the gun lobby murdering our kids, and, of course, an ultra-corrupt government looting our treasury to pay off billionaire donors.

Note that this wasn’t the case when we boomers were growing up 60 years ago.  This is a distinctive shift from the 1960s when corporate America was focused on things like color TVs and the Ford Mustang.

Making Billions by Harming Others

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Renewable Energy

Is a Team of Is a Bunch of MAGA Thugs Beating the Snot Out of a Woman a New Low, or Is it What We Now Need to Expect?

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Just when we think there is a bottom, the United States sinks just a bit lower. It’s our brand nowadays.

That’s quite a left cross this thug delivered to this helpless female protestor.

It wasn’t too long ago that beating up women was taboo in America.  My 11-year-old, sixth-grade son saw a male classmate of his badly bruise a girl by pushing her hard down to the ground–and proceeded to punch him in the mouth.  A fellow father witnessed the scene and told me, “Your son’s fist was in that kid’s teeth within a fraction of a second.”

I had brought him up to avoid violence and achieve peaceful resolutions to conflicts, but I couldn’t fault him here.

What a disgusting bunch of turds we’ve become.

Is a Team of Is a Bunch of MAGA Thugs Beating the Snot Out of a Woman a New Low, or Is it What We Now Need to Expect?

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