Primergy has closed commitments for $300 million in debt finance and tax equity investment for the 100 MW AC Prairie Mist Solar Project in Ashley County, Ark.
The Prairie Mist project debt financing includes a tax equity bridge loan, construction/term debt and a letter of credit facility. The debt facilities are led by Norddeutsche Landesbank Girozentrale, Société Générale, Crédit Agricole Corporate and Investment Bank, as well as SMBC. The Prairie Mist financing also includes a tax equity investment led by an affiliate of PNC Financial Services Group.
“We are pleased to have supported Primergy on the Prairie Mist financing as Coordinating Lead Arranger,” says Nord/LB’s Alejandro Lopez-Jensen. “This project represents our commitment to financing renewable energy projects throughout the U.S. Nord/LB values our relationship with Primergy and our shared goals toward advancing the energy transition.”
“The Primergy team is focused on developing, building, and operating best-in-class carbon-free energy supply projects across the country,” adds Ty Daul, CEO of Primergy. “We are grateful for our continued partnership with the leading clean energy project financiers that are focused on helping us decarbonize the U.S. power grid.”
The Prairie Mist Solar Project is currently under construction and will connect to Entergy’s transmission system in the Midcontinent Independent System Operator’s operating footprint.
The project is expected to be completed next year. Once operational, it is set to provide enough clean energy to power approximately 22,000 homes annually.
The post Primary Closes Debt Financing Round for Prairie Mist Project appeared first on Solar Industry.
Primary Closes Debt Financing Round for Prairie Mist Project
It depends on what you believe.
Fox News will tell you that our southern border is no longer being overrun, that we’ve discovered that vaccinations are unsafe, that we’re standing up against Sharia Law, we’re preventing Iran from building a nuclear weapon, prices are coming down (or soon will be), Trump is an honest and effective servant of the American people and that the U.S. is once again respected on the world stage.
We live in a country where tens of millions of idiots believe every word of this.
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I met a guy today from a rural part of Central England–“nothing but farms and pubs,” as he put it. His father was an epidemiologist working for the United Nations, and so, as a boy, he lived all over the world and grew up largely in developing countries that suffered from horrific diseases.
He and his wife had the conversation one would expect from such people:
- Why are we so content to ignore climate change that is ruining our planet?
- Why are people so indifferent to the suffering of others?
- How is it possible that billionaires expect to live well here on Earth while 99.9% of us suffering with wildfires, devastating storms, blistering heat, losses of landmasses, and desertification?
- At the end of the day, is money really that precious?
Obviously, not everyone thinks this way, but to be in something of a “lovefest” for just a few minutes was a great relief.
relief.
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