Primergy Solar has closed commitments for $588 million in debt financing for the 408 MW Ash Creek Solar project in Hill County, Texas, while also signing a long-term PPA with Microsoft for the plant’s full capacity.
Primergy has engaged SOLV Energy as the project’s EPC partner. Construction has started and once operational, the project is expected to be managed by six permanent on-site positions.
“The successful completion of this financing and a long-term PPA from Microsoft for Ash Creek is a testament to Primergy’s proven ability to creatively develop, finance, build, and operate large-scale renewables projects,” says Ty Daul, CEO of Primergy.
“Ash Creek aligns with Primergy’s mission to invest in well-located projects that offer regional diversity to our portfolio and serve the needs of leading corporate customers. Our team is extremely grateful for our continued partnership with prominent clean energy project financiers to make this a reality and are proud to work with Microsoft on meeting its sustainability commitments.”
Project debt financing includes a construction loan, tax credit transfer bridge loan and related letters of credit. Facilities are led by MUFG Bank and SMBC as lead structuring arrangers and seven coordinating lead arrangers, including BNP Paribas, Commerzbank AG, Crédit Agricole Corporate and Investment Bank, ING Capital, KeyBanc Capital Markets, Norddeutsche Landesbank Girozentrale, New York Branch and Rabobank. Latham & Watkins acted as Primergy’s legal counsel, while Skadden Arps Slate Meagher & Flom served as lender’s counsel.
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 Financing, PPA with Microsoft for Texas Solar Project appeared first on Solar Industry.
Primergy Secures Financing, PPA with Microsoft for 408 MW Solar Project
The point made here is hotly contested.
Fox News will tell you that college professors were indoctrinated into progressivism when they were in college, and they’re simply passing all this down the line. This is why, they’ll go on to explain, that college is an evil force in our society, as it cranks out liberals.
FWIW, I agree with the commenter at the bottom. One finds a few intelligent and well-educated people in the MAGA crowd, very few. And the most obvious reason for this is that bright people can see through the layers upon layers of lies and criminality that emanate from Trump every hour of the day.
Occam’s Razor explains this very nicely to me.
Two things:
1) As far as I’m aware, these “Solar Flowers” exist nowhere on Earth. They’re certainly not in Los Angeles.
2) Engineers (and anyone with IQ of a turnip) are not split as their value; they have none.
Sure, Donald Trump has created some setbacks for wind and solar, but when he leaves office, we will find that the harm he inflicted will be quickly reversed.
The Overall Damage Trump Has Done to the Environment Is Limited
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