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
As we’ve noted in the past, the idea of capturing CO2 from the atmosphere is completely unfeasible, since 99.96% of the air around is something other than CO2 (mostly nitrogen). However, there are environments that change this equation radically, cement plants being one of them, where the concentration of CO2 emissions is as high as 30% (versus .04%).
Now, this brings the subject of synthetic fuels into the realm of possibility. Sure, if you want to make gasoline, diesel, and jet fuel, you’ll need two other things: hydrogen (which can come from electrolyzing water), and a considerable amount of energy, as these processes are heavily endothermic, meaning that energy must be supplied from external sources.
The good news is that we have enormous amounts of off-peak wind and nuclear that are wasted every day. Please see: Doty WindFuels.
With each passing day, there are fewer and fewer American voters who believe the bullshit at left.
Is Trump working hard to stay out of prison? Enrich himself and his family? Of course.
Could be possibly care less about anything else? Obviously not.
What’s the thought process of people in the rest of the developed world when it comes to visiting the U.S.?
Conversely, would you or I want to visit some country with a deeply corrupt regime that is systematically committing atrocities all around the globe, and whose leader is lining his pockets?
I’m glad I don’t own a resort in New England that counts on a flow of visitors from Canada. If I were a Canadian, I’d be thinking I’d rather visit hell.
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