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Pine Gate Renewables has closed on a $288 million preferred equity investment with funds affiliated with Blackstone Credit & Insurance. 

The investment supports six solar projects across two states totaling 780 MW, backed by corporate offtake agreements.

“Leading Pine Gate’s first preferred equity investment was a significant milestone for our team and the enterprise at large,” says Pine Gate Renewables’ Meghan Comiskey.

“A multi-portfolio transaction with the exceptional partnership of Blackstone enables us to scale our business efficiently as we generate The Power of Tomorrow.”

Stoel Rives advised Pine Gate Renewables on the transaction. Milbank LLP advised Blackstone Credit & Insurance.

The post Pine Gate Renewables Closes $288M Preferred Equity Financing with Blackstone appeared first on Solar Industry.

Pine Gate Nets Equity Position to Support 780 MW Portfolio

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Renewable Energy

Is It Healthy for Our Country to Allow Billionaires to Own Congress?

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What we have here in the United States, in terms of money in politics, is a full-on disease.   Tax cuts for billionaires, corruption and the uber-rich’s ownership of our lawmaking processes, the destruction of our educational system, institutionalized racism, the rejection of science, limited access to healthcare, and devastation of the natural environment are all heading this nation to a horrible end.

Is there hope?  Many young and energetic people believe there is.

Is It Healthy for Our Country to Allow Billionaires to Own Congress?

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Renewable Energy

Real Estate: Supply and Demand

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About 40 years ago, I used to lie in bed on Sunday mornings with my coffee and Los Angeles Times opened to the real estate section: “Homes in Other States.” I recall voicing some level of buyer’s remorse, having just paid more for a who-cares house in Southern California, where I could have bought half a county in Oklahoma or Mississippi.

My girlfriend at the time, now my wife, would ask me, “But do you think you’d be happy living in West Virginia, with some of the most poorly-educated people in the country?  Do you think that would forward your career and your overall life satisfaction?”  She had a point, to be sure.

Today’s MAGA conspiracy theorists will tell you that people are leaving California in droves, because of things like environmental regulations.  Yet that doesn’t explain why the Golden State, if it were a country, would have the fourth largest economy on the planet, and a house here identical to one in Alabama whose value there may be $200K would fetch about $1.2 million here.

People don’t come here for the wide-open freeways.  We’re here for the beauty, the sophistication of so many people, highly educated people, and unparalleled business opportunities.

There’s a reason that Google, Oracle, Apple, Nvidia, Adobe, Salesforce, Facebook, Visa, Wells Fargo, Disney, etc. aren’t located in Arkansas or Louisiana.

Real Estate: Supply and Demand

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Renewable Energy

When You’re Addressing Idiots You Can Get Away with a Lot

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At left we have John Fetterman talking to people so stupid they’ll believe that it would have been wrong for the British colonists to oppose King George III in the late 18th Century, or for the people of Germany and Italy in the 1930s to stand up against Hitler and Mussolini.  What about the people in today’s dictatorships, i.e., the people in Russia, China, North Korea, or any of the other 50+  authoritarian regimes around the world?

Morons tend to agree with the loudest, most aggressive voice of nationalism, regardless of how little sense it makes.

It’s a great moment of opportunity for Fetterman.

When You’re Addressing Idiots You Can Get Away with a Lot

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