National Renewable Solutions (NRS) has closed on $145 million in project financing for its Shallow Basket Project, a 140 MW solar and 50 MW storage project located in Rio Arriba County, N.M.
The project is under construction and is expected to be operational next year. NRS developed the project and will continue to own and operate it.
Deutsche Bank provided the construction financing. Guzman Energy is set to purchase 100% of the power and associated renewable attributes.
Jicarilla Apache Nation is leasing its land for Shallow Basket and will also benefit from power produced by the project through its wholesale supply agreement with Guzman Energy.
“The financing of Shallow Basket Project represents an exciting turning point for NRS,” says Bill Whitlock, CEO of NRS.
“The culmination of years of planning, this solar and storage project supports our strategy of retaining our projects through operation. Thank you to Deutsche Bank for their support. We are grateful for the opportunity to grow our relationship with the Jicarilla Apache Nation as we complete construction and operate the project for the long haul.”
Albuquerque-based Gridworks is the engineering, procurement and construction provider.
The post National Renewable Solutions Secures Project Financing for Shallow Basket Project appeared first on Solar Industry.
Developer Secures Project Financing for Shallow Basket Project
I’m not a financial pro, but here’s some advice:
Don’t live on a budget. Make a lot of money and live far beneath your means. What value does luxury actually bring to your life, especially if it makes you nervous about running out of cash?
As I told my kids when they were growing up, “Unless you’re completely shallow, showing off your money is an idiotic thing to do. You make false friends and have people glomming onto you to sell you stuff you really don’t need.”
Warren Buffett still lives in a modest house in Nebraska, a state in which he could buy an entire country. Maybe there is something about him and his values that could benefit you.
I see.
There’s not enough land in Spain to support rooftop and ground-mounted solar at a fraction of the cost.
LOL.
It’s possible that right now, there are other civilizations observing the human race, studying us from afar, and noticing our decline into savagery and eventual extinction by turning billionaires into trillionaires.
People say that the principal weakness of human beings is that we can’t plan for the future as a species. Dogs are arguably even worse, though they aren’t consumed with greed. They don’t plot the starvation of millions of other dogs so they themselves can have enough food to last a billion years.
As an elderly man, I’ll be leaving this planet soon, but I won’t cease pondering this until my heart stops beating.
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