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
Renewable Energy
Real Estate: Supply and Demand
About 40 years ago, I used to lie in bed on Sunday mornings with my coffee and Los Angeles Times opened to the real estate section: “Homes in Other States.” I recall voicing some level of buyer’s remorse, having just paid more for a who-cares house in Southern California, where I could have bought half a county in Oklahoma or Mississippi.
My girlfriend at the time, now my wife, would ask me, “But do you think you’d be happy living in West Virginia, with some of the most poorly-educated people in the country? Do you think that would forward your career and your overall life satisfaction?” She had a point, to be sure.
Today’s MAGA conspiracy theorists will tell you that people are leaving California in droves, because of things like environmental regulations. Yet that doesn’t explain why the Golden State, if it were a country, would have the fourth largest economy on the planet, and a house here identical to one in Alabama whose value there may be $200K would fetch about $1.2 million here.
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Renewable Energy
When You’re Addressing Idiots You Can Get Away with a Lot
At left we have John Fetterman talking to people so stupid they’ll believe that it would have been wrong for the British colonists to oppose King George III in the late 18th Century, or for the people of Germany and Italy in the 1930s to stand up against Hitler and Mussolini. What about the people in today’s dictatorships, i.e., the people in Russia, China, North Korea, or any of the other 50+ authoritarian regimes around the world?
Morons tend to agree with the loudest, most aggressive voice of nationalism, regardless of how little sense it makes.
It’s a great moment of opportunity for Fetterman.
Renewable Energy
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