Origis Energy has closed on a $136 million construction financing facility and conversion to term loan with MUFG for its Rice Creek Solar project under construction in Putnam County, Fla.
Rice Creek Solar, a 75 MW PV solar facility project the company says is nearing completion, is contracted by the Florida Municipal Power Agency (FMPA) for its members. FMPA will serve as project coordinator for their member-owners, who are slated to purchase power from the facility. Origis is the project’s builder, owner and operator.
“Origis and MUFG continue to build a strong alliance.,” says Vikas Anand, CEO of Origis Energy.
“MUFG’s deep expertise in this sector and their well-defined underwriting process enable Origis to focus on speed to market and successful scaling of our business. Rice Creek Solar is a perfect example of moving the clean energy transition forward through collaborative municipal programs. We thank MUFG for their support and look forward to delivering the project for FMPA.”
Latham & Watkins represented Origis Energy in the transaction, with Akerman serving as local counsel. Milbank acted as MUFG’s counsel, with Greenberg Traurig serving as MUFG’s local counsel.
The post Origis Energy, MUFG Close on Financing for Florida Municipal Solar Project appeared first on Solar Industry.
Origis Energy, MUFG Close on Financing for Florida Municipal Solar Project
It depends on what you believe.
Fox News will tell you that our southern border is no longer being overrun, that we’ve discovered that vaccinations are unsafe, that we’re standing up against Sharia Law, we’re preventing Iran from building a nuclear weapon, prices are coming down (or soon will be), Trump is an honest and effective servant of the American people and that the U.S. is once again respected on the world stage.
We live in a country where tens of millions of idiots believe every word of this.
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I met a guy today from a rural part of Central England–“nothing but farms and pubs,” as he put it. His father was an epidemiologist working for the United Nations, and so, as a boy, he lived all over the world and grew up largely in developing countries that suffered from horrific diseases.
He and his wife had the conversation one would expect from such people:
- Why are we so content to ignore climate change that is ruining our planet?
- Why are people so indifferent to the suffering of others?
- How is it possible that billionaires expect to live well here on Earth while 99.9% of us suffering with wildfires, devastating storms, blistering heat, losses of landmasses, and desertification?
- At the end of the day, is money really that precious?
Obviously, not everyone thinks this way, but to be in something of a “lovefest” for just a few minutes was a great relief.
relief.
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