Origis Energy has closed a $344 million construction financing facility and conversion to term loan with MUFG for its Golden Triangle I energy storage project in Lowndes County, Miss.
Golden Triangle I, with 200 MW solar capacity co-located with 200 MWh of energy storage, is one of three Origis renewable projects under construction in the state. Together, they represent the largest solar plus battery energy storage deployments in Mississippi to date, says Origis.
Origis announced construction of the three projects, Golden Triangle I, Golden Triangle II and Optimist, earlier this year. With a total capacity of 550 MW solar plus 600 MWh of battery energy storage, the projects will deliver energy at competitive rates under PPAs executed between Origis Energy and the Tennessee Valley Authority (TVA).
Golden Triangle I is supported during construction and long-term operation with this loan facility. After construction completion, the financing will be converted to a long-term instrument covering the expected 25-year minimum operational life of the project. The loan facility structure also leverages the transferability provision of the Inflation Reduction Act prior to commitments for tax equity financing.
“The MUFG team has been outstanding. They have worked with us to uncover innovative ways to leverage the IRA provisions and ensure the Golden Triangle I project delivers for TVA and its customers as promised,” says Vikas Anand, COO and CFO of Origis Energy.
“Golden Triangle I will power the equivalent of 57,000 homes, deliver grid resiliency and avoid 291,000 metric tons of CO2 each year. These attributes are in addition to the economic benefits the project and portfolio will deliver in the region. We thank MUFG for their support and look forward to delivering the project for TVA.”
The post MUFG to Fund Origis $344 Million for Golden Triangle I Construction appeared first on Solar Industry.
MUFG to Fund Origis $344 Million for Golden Triangle I Construction
I would be shocked to learn that more than a tiny fraction of 1% of Americans voters consider themselves Marxists. The Republicans are hoping that propaganda like this will be effective, but that’s hard to imagine.
The typical progressive in the U.S. hopes to see this country refashion itself in the manner of the social democracies that are sprinkled all around the globe.
Glenn Close is what Donald Trump would call a “woke celebrity.” Yet what he’s deliberately ignoring is that he has virtually zero support from the entertainment industry.
Sure, you can find an occasional Clint Eastwood or James Woods. But for every one of them, you’ll find perhaps a dozen intelligent and kind people like Close who deeply resents Trump’s attempts to steal democracy from the American people and the rest of the civilized world.
I’m no expert on political demographics, but is strikes me that someone like, say Jodie Foster, who could read at age three and graduated from Yale magna cum laude, probably sees life differently from the MAGA base of carrot farmers, truck drivers, and appliance repairmen.
Most Americans who have the means to travel have rented a car in Paris and driven it all over France. I happen to be the first Avis renter to pick up a car at Heathrow and take it through the Chunnel on my way to Paris, on my way to Stuttgart in western Germany.
How much French do I know? Close to zero. I don’t even know the French word for “zero.’ Was I a menace to the French? Doubt it.
This strikes me as pure MAGA racism. It’s an appeal to punish people with brown skin, or preferably, take them and their little children into detention and ultimately deport them. The more pain, the better.
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