Primergy Solar has closed on $225 million in project financing for its Valley of Fire (VoF) portfolio.
The financing includes a $125 million tax credit sale for the Gemini Solar + Storage project and a $100 million revolving credit facility from Rabobank for the continued development of the other VoF projects.
The VoF portfolio includes the Gemini Solar + Storage project, commissioned earlier this year, and five additional projects in Nevada, Colorado and Arizona totaling 2.65 GW of solar and 1.5 GW of battery storage capacity. The projects range from early-to-late-stage development targeting operational dates through 2030, including the contracted Purple Sage Energy Center, a 400 MW solar and 1.6 GWh battery storage project in Nevada.
“Valley of Fire is a critical component of our growing portfolio of operational and development-stage projects across the country,” says Tim Larrison, CFO of Primergy.
“Adding tax credit sales to our financing toolbox along with increasing our access to additional credit capacity from leading financial institutions, like Rabobank, will help us to continue delivering clean energy at scale, and in the proven Primergy way of responsible, stakeholder-oriented development.”
Primergy was advised by Orrick and Paragon Energy Capital for the Gemini tax credit transfer sale. For the VoF credit facility, Primergy was advised by Stoel Rives.
The post Primergy Nabs $225M in Financing for its VoF Portfolio appeared first on Solar Industry.
Renewable Energy
Meat–It’s What’s for Dinner, if You Don’t Care about the Animals or the Planet
We often hear meat-eaters say things like, “If beef isn’t good, why do the manufacturers of plant-based burgers try so hard to make their burgers taste like real meat?”
There is no doubt that cow and pig meat tastes and smells great; every vegan on Earth will tell you that.
The problem lies elsewhere, in a) the environmental impact of clearing the rainforests to make room for more cows, and b) the cruelty inherent in factory farming and the slaughtering of the animals.
Meat–It’s What’s for Dinner, if You Don’t Care about the Animals or the Planet
Renewable Energy
FAQs: Your Most Common Commercial Solar Questions Answered
The post FAQs: Your Most Common Commercial Solar Questions Answered appeared first on Cyanergy.
https://cyanergy.com.au/blog/faqs-your-most-common-commercial-solar-questions-answered/
Renewable Energy
Socialism and Autocracy
20th Century Austrian-American economist and devout anti-communist Ludwig von Mises clearly believed what he said at left, and there were plenty of examples in the 1900s to support his concept.
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The U.S. has an economy that’s as close to unadulterated capitalism as anyone could imagine, but we have a president who is most definitely an authoritarian, a would-be dictator.
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