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Primergy Solar has closed commitments for $350 million in tax equity financing for the 408 MW Ash Creek Solar project in Hill County, Texas.

This brings the total capital raised for the Ash Creek Solar project to nearly $1 billion, says the company. Earlier this year, Primergy announced $588 million in project financing for construction of the project and secured a long-term power purchase agreement with Microsoft.

The project is currently under construction and is expected to be operational next year.

“This level of successful tax equity financing in today’s ERCOT market is a testament to our team’s ability to develop best-in-class projects,” says Tim Larrison, CFO of Primergy.

“Large-scale solar projects are essential for decarbonizing and increasing the resilience of our nation’s electric grid. We are pleased with the continued partnerships and the trust we receive from leading financial institutions and investors, which are essential to delivering clean energy to communities across America.”

The tax equity investment was led by a telecommunications company, with additional investment from Truist Bank. Primergy was advised by Latham & Watkins and Paragon Energy Capital. The telecommunications company and Truist Bank were advised by Milbank and Cornerstone Financial Advisors.

Ash Creek Solar was originally developed by Orion Power Generation, a joint venture between Orion Renewable Energy Group and Eolian. Primergy acquired the project in 2021.

The post Primergy Secures Additional $350M for Ash Creek Solar Project appeared first on Solar Industry.

Primergy Secures Additional $350M for Ash Creek Solar Project

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Celebrating American Ignorance

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There are so many tragic aspects to life in today’s United States that it’s hard to name them all.

For my money, one of the saddest elements to the American zeitgeist is its glorification of ignorance.

Up until recently, if you wanted to know what science believes about anthropology, climate change, or particle physics, you asked a scientist in the relevant discipline, who not only has a college degree, but normally a ton of education on top of that.

Now, you ask a congressional Republican, preferably, an evangelical Christian.

Celebrating American Ignorance

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Renewable Energy

How and Why We Conduct Science

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To the author of the meme here (if it’s an actual human being, vs. a Russian bot): to the best of my knowledge, the only actual major “scientific fraud” in world history was “Piltdown Man.”  In 1912, a pseudo-anthropologist attempted to fool the scientific community into believing he had discovered the “missing link” between apes and humans.

Now, are there examples of instances when the science of the day turned out to be incorrect?

Of course, and new instances of this surface every day.

Think of how little when scientists believed 200 years ago is still intact today.  Perhaps most obviously, Newtonian mechanics has fallen to relativity and quantum physics, but there are hundreds of other paradigm shifts in health and medicine, psychology, cellular biology, chemistry, and particle physics.

Contrary to what conspiracy theorists want you to believe, science is not a set of facts; it’s a methodology whereby we come to learn more about ourselves and the world around us.

Are there other methods by which we “learn?”  Sure.  Some uneducated guy goes on YouTube and becomes convinced that our consumption of fossil fuels is not causing the temperature of the Earth’s atmosphere and oceans to rise.  I would argue that this conduct is inferior to the scientific method.

How and Why We Conduct Science

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Renewable Energy

Trump’s Only Real Talents: Attracting Attention and Controlling Morally Weak People

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Trump is not an idiot.  His IQ may not be too high, but he’s smart enough to know how to conduct himself in his lifelong quest to amass more wealth and power at the expense of everyone else on Earth.

Trump’s Only Real Talents: Attracting Attention and Controlling Morally Weak People

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