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.
Renewable Energy
The Election Conspiracist Pillow Guy Gunning for the Minnesota’s Governor’s Mansion
Lol. Minni-f***ing-sota???
Sorry, too much literacy there. Too many college graduates and IQ points.
My advice for Lindell: Move to Mississippi or West Virgina and run for governor there.
The Election Conspiracist Pillow Guy Gunning for the Minnesota’s Governor’s Mansion
When 2GreenEnergy was launched in 2009, there was still some talk about flywheels as potentially scalable solutions for energy storage. But in the last 10 years, no one’s heard a peep about this subject from any credible source.
Of course, now we have charlatans coming out of the woodwork, calling on idiots to invest in clean energy “technologies” that are totally nonsensical, like these conmen.
In today’s world where honesty is a joke, you can count on criminal liars to emerge from the shadows to rip off a few (or many) idiots.
It’s interesting that the countries that have the highest levels of education have the lowest levels of crime.
Some have suggested that the United States deliberately under-educates its people so as to fill its for-profit prisons. I’m not so cynical, but it’s clear that we care very little about educating our masses, and we seem to accept higher rates of crime than our more progressive counterparts.
Nations in Northern Europe and elsewhere around the world are tearing down their prisons, because so few of their people turn to crime. No one is hungry, impoverished, or living on the streets.
We regard the underclass as animals; others regard everyone as a human being.
-
Climate Change10 months ago
Guest post: Why China is still building new coal – and when it might stop
-
Greenhouse Gases10 months 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 Energy7 months agoSending Progressive Philanthropist George Soros to Prison?
-
Carbon Footprint2 years agoUS SEC’s Climate Disclosure Rules Spur Renewed Interest in Carbon Credits
-
Greenhouse Gases11 months ago
嘉宾来稿：探究火山喷发如何影响气候预测