Macquarie Asset Management and Sol Systems have jointly invested $85 million in support of the construction and operation of five utility-scale solar projects in Illinois and Ohio.
Macquarie provided the investment on a fully bilateral basis in the form of a six-year term loan facility. The facility is subordinated to senior debt and tax equity and is secured against Sol Systems’ ownership interest in the underlying projects.
The projects are expected to complete construction by next year. A software services provider has signed a long-term PPA for the project’s total power.
“We are excited about the beginning of our partnership with Sol Systems,” says Macquarie’s Harlan Cherniakt.
“The investment aligns with our strategy of providing customized capital structure solutions to top-tier financial partners, strategic infrastructure sponsors and their portfolio companies, as well as our ongoing commitment to accelerate the decarbonization of the U.S. power and transmission grid.”
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Macquarie Asset Management, Sol Systems Invest $85M in Midwest Solar
Renewable Energy
Vermont and Florida: A Key Difference
Can’t swear that the story here is authentic, but it sure rings true.
Vermont is a somewhat quirky state, but it protects its citizens very well. FWIW, this is where I want MY tax dollars going too.
Florida is a deeply red state that, true to form, wants as much ignorance as it can possibly produce. Educated people aren’t voting for people like Ron Desantis.
Renewable Energy
Republicans: Will This Work?
The GOP is asking American voters to believe that “radical left Democrat extremists” are leading the country into socialism/communism. They’re hoping that this fear will outweigh the electorate’s understanding of the damage that Trump, with help of congressional Republicans, is inflicting on this nation in the form of the war in Iran, destroyed relations with allies, inflation, shoddy education, environmental collapse, and threats to Social Security and Medicare.
As we all know, the rate at which a lie becomes accepted as true is a function of the frequency that it is repeated. And God knows, we see this crap about communism every time we turn around.
But this looks like an unwinnable battle. Virtually no one wants to abandon free enterprise. Moreover, Trump’s abysmal polling numbers reflect the fact that is largely despised as a criminal–the most corrupt figure in U.S. history.
How would you like to be campaigning to retired baby boomers on the platform that we cannot afford Social Security any longer, because we’ve siphoned off huge amounts of money, like our president’s “vanity war,” with only further downside in sight, that is costing $1 billion a day?
Renewable Energy
The SAVE Act
It appears that there are a few Republicans who understand the SAVE Act is simply an exercise in voter suppression and thus an attempt to overturn American democracy.
We need to accept any little bit of good news where we can find it.
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