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
Yes, most Americans have progressive values when it comes to things like universal healthcare, quality education, wealth inequality, and environmental responsibility.
But I honestly believe that the reason progressives are doing well in the polls and the primary elections that Trumpism is nothing but a sick joke, and this is becoming clear to more people every day.
There is a certain class of lowlife that is thrilled that the U.S. is being led by a corrupt criminal, but these numbers are dwindling.
Does America have to be constantly starting new wars against the imaginary enemies of straight white male Christian morons?
Of course!
It’s the only path to peace.
Normally, “nihilism” means the belief that life is without objective meaning, purpose, or intrinsic value. Trump was elected by mean-spirited idiots, but they could hardly be called “nihilists.” For example, they believe very strongly in white supremacy, the dismantling of the federal government, saving people from the lethality of vaccinations, etc.
Now, there is a secondary meaning to the word, i.e., those who reject established social systems. In this sense, I suppose they are indeed nihilists, in that they reject lawfulness, honesty, human rights, truth, science, tolerance, and compassion.
-
Greenhouse Gases1 year ago
Guest post: Why China is still building new coal – and when it might stop
-
Climate Change1 year ago
Guest post: Why China is still building new coal – and when it might stop
-
Greenhouse Gases2 years ago嘉宾来稿：满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Climate Change2 years ago嘉宾来稿：满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Climate Change2 years ago
Bill Discounting Climate Change in Florida’s Energy Policy Awaits DeSantis’ Approval
-
Renewable Energy10 months agoSending Progressive Philanthropist George Soros to Prison?
-
Greenhouse Gases1 year ago
嘉宾来稿：探究火山喷发如何影响气候预测
-
Carbon Footprint2 years agoUS SEC’s Climate Disclosure Rules Spur Renewed Interest in Carbon Credits