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
What kind of people are the celebrities in music and digital media as a whole? Not an easy question to answer.
Obviously, they’re talented. Most are well educated and many have the good looks that come from good genetics.
And yes, most of these people have the intelligence to see that Donald Trump is a criminal sociopath on target to destroy the U.S. while enriching himself beyond measure.
For every Jon Voight (see left) that are perhaps 1000 Robert Deniros, Bruce Springteens, and Leonardo Dicaprios.
But why are there any Jon Voights at all? The answer is unclear.
I once met a Princeton grad to whom I explained that a guy from my prep school in Philadelphia went to Princeton, and now is all over social media shouting, “Close the Borders!” and “English Only!”
My new acquaintance laughed hysterically, and said with a smile, “Yes, we have grads like this, perhaps one in a few thousand. What a waste of hundreds of thousands of dollars. You can get that level of education by dropping out of high school and driving a truck.”
At left we see an example of a phenomenon that seems to be happening with increasing frequency: a life-long Republican saying “enough” and refusing vote for the current version of the GOP.
I applaud people who have both:
a) the intelligence to see where a party has crossed a moral line, and is now operating as a criminal enterprise.
b) the inner courage to do this, as it is hard for most people to admit they were wrong after a lifetime of kneejerk reactions, especially on a topic of such importance.
Someone commented on the meme here: “Don’t forget your jihadi prayer group meeting.”
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