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.
I saw an interview earlier today, in which a TV news journalist (I forget which one) predicted that the threat of communism is going to be the central theme of the Republican leading up to the midterm elections.
This makes sense, given that the target audience is largely unaware that:
In the 1950s, Senator Joseph McCarthy led this nation through a nightmarish effort to imprison anyone with any ties to communism. This is now regarded as one of the greatest miscarriages of justice in U.S. history.
and
There are dozens of social democracies around the globe that offer the citizens extremely high qualities of life. The countries at the top of the World Happiness Rankings are, in order,
- Finland (Score: 7.764)
- Iceland (Score: 7.540)
- Denmark (Score: 7.539)
- Costa Rica (Score: 7.439)
- Sweden (Score: 7.255)
- Norway (Score: 7.242)
- The Netherlands (Score: 7.223)
Now, many MAGA folks can’t find Finland on a map of the world, but it’s that very level of ignorance that makes all this horsecrap work.
Trump is working hard to dismantling NOAA, the National Oceanic and Atmospheric Administration, the largest collection of American scientists focusing on climate change. He proposed a budget cut of $1.7 billion, or about 27% for 2026. More to the point, he shut down NOAA’s website, that, formerly, gave everyone on Earth the ability to look at key climate-related data.
In response, those scientists, knowing that we can no longer trust the U.S. government for real climate science, have set up Climate.us.
More here, from NPR.
Looks great to me!
Here’s a short video that explains why we write.
Like the farmer planting to the seed, we do not know if it will grow into a life-giving plant, but we believe that it’s possible.
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