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.
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Oris Energy Secures $317 in Project Tax Equity From J.P. Morgan
Renewable Energy
The Republican Brand
No one with any sense truly doubts the words at left. Caring only about wealthy white men is the GOP brand, like the Nike “swoosh.”
Not only does the Republican party appeal to the uber-rich, but also to wide variety of racists, and people stupid enough to believe that Trump is bringing manufacturing back to the U.S. and that the billionaires are job creators.
Renewable Energy
Trump the Savior
What Noam Chomsky says here is spot on, especially with respect to Trump.
What makes Trump so good at this is his facility to invent a new boogieman every couple of days. Communism, Dr. Fauci, Venezuela’s drug boats, Iran, birthright citizenship, democrats, the damage done by previous presidents, the climate hoax, the Kennedy Center, the arch, the vandals at the Reflecting Pool, Black Lives Matter, Antifa, liberals in education, the Hollywood elite, unsafe vaccinations, trans people, a nuclearized Iran, massive voter fraud, Haitians eating our pets, Harvard, the ex-Fed Chairman, NATO, wind turbines, the far-left radicals, the election control people, the list goes on.
Then there are the near-daily outrages:
Turning Gaza into a luxury resort, annexing Greenland, curtailing environmental emission standards, usurping the Panama Canal, refusing to pay E. Jean Carroll, pardoning hundreds of violent convicted felons, accepting bribes for pardoning white collar fraudsters, insider trading, orchestrating deals that benefit his children, targeting Jack Smith, protecting ICE agents who commit murder/manslaughter, and leasing federal wilderness land for oil exploration
The more indefensible the better.
Renewable Energy
Women’s Rights
Is her point that there are countries that are even more repressive to women’s rights?
Does anyone disagree with that?
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