Paz Oil, Arava Power and Menora Mivtachim have closed on a tax equity bridge loan of $144M for the 272 MW Sunray Project located in Uvalde County, Texas.
The financing will support the project’s continued construction and operation.
“We are delighted to have reached another significant milestone in the financing of Project Sunray and are honored by the close partnership and continued support of Nomura,” says Ilan Zidkony, CEO of Arava Power. “It’s deeply gratifying to see our debut project in the US progress so successfully towards commercial operation.”
The project has become eligible for the 10% community energy adder enacted under the Inflation Reduction Act. The additional tax equity commitment was provided by a U.S.-based financial institution which also gave the original tax equity commitment together with an unnamed technology company.
Nomura Securities acted as bookrunner and coordinating lead arranger, underwriting the tax equity bridge loan financing.
The post Paz Oil, Arava Power, Menora Mivtachim Close on Sunray Loan appeared first on Solar Industry.
I’m ready to live in a country with zero hateful morons, if that counts.
As shown here, people have an infinite variety of ways to express their loathing of Trump.
My maternal grandfather was born in southeastern Pennsylvania in 1903 and told me when I was a boy that in the 1920s, times were so good that saloon owners would offer a free lunch, consisting of bread, cheese, and cold cuts. “Sure, they were hoping you’d buy a glass of beer, but they really didn’t mind if you didn’t and simply scarfed down a free sandwich.”
He went on to tell me that nowadays, there’s a popular slogan: There’s no such thing as a free lunch, “but believe me, there was at the time.”
From today’s perspective of greed and selfishness, this whole story sounds like a fairy tale. Corporations and the congresspeople they own want one thing: to suck the life out of us.
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