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.
It’s possible that Americans are so angry that the Trump administration has ruined their country and its democracy that paid advertising for Republican candidates is having no effect on them.
We can only hope.
Obviously, the endorsement of a much-despised president didn’t help, but what chance did this election-denying moron actually have in a sophisticated state like Minnesota?
One good thing about having Trump in the White House is that doesn’t have enough sense to hide what a terrible person he is.
We all recall the COVID-19 outbreak, and Trump’s suggestion that we reduce our testing for the disease on the basis that less testing means fewer positive results, which means less outrage on the level of Trump’s ineptitude in handling the epidemic.
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