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
Renewable Energy
Is It Odd that Many Words in English are Supernumerary? Or Is that Superfluous? Extraneous? Unnecessary?
Not at all.
English has an uncountable thousands of words it doesn’t need. If you don’t believe me, check out “A Word a Day,” and learn the meanings of words that are completely useless. The last two days brought us:
- April 14: Flocculent (adjective: having a fluffy, woolly texture).
- April 13: Impetrate (verb: to obtain by request or entreaty).
Maybe this impressed people a century ago, but if I wrote that a sheep was flocculent, I think you’d be rolling your eyes.
While some English speakers 400 years ago were discovering gravity, developing calculus, using newly minted telescopes to explore our solar system, and refining our understanding of logic as originally put forth by Aristotle, others were inventing words for groups of animals.
Sure, it’s useful to have words like “pack” (for dogs), “herd” (for cows and horses), “flock” (for birds), and perhaps a few others. But what about a group of owls (a parliament), flamingos (a flamboyance), or ferrets (a business)? And that’s just the beginning.
By contrast, Spanish has too few words, IMO. For those interested, here are the 15+ possible meanings in English of the verb “llevar.” As someone who made an honest attempt to learn the language, I’d go into panic mode when someone would say something with any conjugation of that verb. S***! Is he talking about wearing something, Giving someone a ride? Bringing something? Getting along well with someone? Stealing something?
Renewable Energy
The Universe Doesn’t Care About Us
If you believe that a loving God has a plan for you, and is steadily guiding you towards happiness, then you disagree with the assertion here.
The rest of us are forced to admit that the universe is cooly indifferent to us and the outcome of our lives here on Earth.
This doesn’t mean, btw, that our lives are meaningless, but it does compel us to create our own meaning as we make our choices as we go along.
Another point to be made here is that there is no “galactic cavalry” that is going to come charging in, guns ablazing, to save us from the criminal insanity of the Trump administration.
Renewable Energy
Sedition?
Mark Kelly, like the vast majority of his fellow Americans, wishes to see Trump removed from office, as the president is clearly criminally insane.
That doesn’t make him, or any of the rest of us, guilty of sedition.
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