Origis Energy has secured $317 million in project tax equity funding from J.P. Morgan for two utility-scale solar and solar-plus-storage projects, located in New Mexico and Mississippi, respectively.
Escalante Solar is a 200 MW plant under construction in New Mexico for Tri-State Generation and Transmission Association and its member electric cooperatives. It has more than 250,000 panels installed and is being built on the site of the former 253 MW coal-fired Escalante Station, retired in 2020. The project is set to come online this year.
Golden Triangle II, a 150 MW solar project with 200 MWh of energy storage, also set to be completed this year. It has a total planned capacity of 550 MW solar plus 600 MWh of battery storage. The projects will deliver energy and grid resiliency under PPAs executed between Origis Energy and the Tennessee Valley Authority.
“J.P. Morgan is one of the largest financiers of clean energy and this collaboration ensures Escalante Solar and Golden Triangle II meet key customer goals for decarbonization and grid resiliency,” says Vikas Anand, COO and CFO of Origis Energy.
The tax equity agreement leverages both the Investment Tax Credit and the Production Tax Credit incentives of the Inflation Reduction Act.
Construction financing was secured for Escalante Solar and Golden Triangle II as part of the company’s $750 million construction financing facility announced last August to fund approximately 2 GW of capacity across 15 states over the next three years.
Norton Rose Fulbright represented Origis Energy in the transaction. Hunton Andrews Kurth acted as J.P. Morgan’s counsel.
The post Oris Energy Secures $317 in Project Tax Equity From J.P. Morgan appeared first on Solar Industry.
Oris Energy Secures $317 in Project Tax Equity From J.P. Morgan
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Concerns About Our Future
I met a guy today who does cyber security for dozens of military bases around the U.S.
Considering his career, I didn’t expect him to bring up his belief that the president of the United States is making horrible, unhinged decisions on our nation’s behalf. He’s especially concerned about the destruction of relationships with our allies, claiming that the stability of the free world is at stake.
He believes, and I hadn’t had this thought myself, that certain single-issue voters really don’t have a choice when it comes to voting. “Suppose your top issue is that you’re vehemently anti-abortion. You can’t vote Democrat, so you have to vote Republican even though you know that 99% of the rest of their policies are based purely on utter stupidity.”
IMO, this is a novel way of looking at the devastation of democracy in the U.S. and elsewhere around the globe, though I doubt it’s the controlling factor. In this case, the SCOTUS Dobbs decision allows states to do whatever they like re: abortion.
In any case, most of us are worried about our country’s future, and for good reason.
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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.”
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I applaud people who have both:
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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.
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