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.
There really are threats to human civilization that seem to be mounting in intensity:
• World fascism. (If it can happen in the U.S., it could conceivably happen anywhere.)
• Environmental collapse.
• Malicious use of AI.
• Pandemics, as misinformation on vaccinations spread and the frozen tundra melts, releasing pathogens never seen by humans.
• Nuclear war.
Addressing the point made at left, is there any scenario in which world governments agree to cooperate so as to stave off the end of an organized society here on Earth? One supposes so, though it sounds far-fetched in today’s world in which the leaders of most of the 200+ sovereign nations are trying so desperately to cling to power.
Obviously, James Carville has been wrong before, but it appears that he’s onto something here.
An ever-increasing number of Americans are realizing that Trump is criminally insane, and is leading this nation to destruction.
It’s a pleasure to see that Dr. Brian Cox has people so popular, having joined the ranks for Neil DeGrasse Tyson, Bill Nye, and a few others. This phenomenon of celebrity physicists if one of very few bright spots in our modern world.
I would qualify what he says at left as follows: the only people who hate the economics here are those invested in fossil fuels. Clean energy and transportation are already huge industries, and they’re growing at an amazing pace–even in the face of heavy suppression by Big Oil and Donald Trump.
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