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Radial Power has closed on $80 million in tax equity financing from Bank of America to support the company’s pipeline of distributed generation projects through late next year, encompassing both asset and portfolio-level turn-key integrated projects. 

This tax equity capital raise, alongside back leverage, is planned to help fund the development and installation of an estimated 96 MW of C&I and community solar projects, as well as support real estate customers across at least nine states.

“This strategic investment will support Radial Power’s robust pipeline of low-cost, low-carbon clean energy solutions that enable offtakers to meet their ESG and sustainability goals,” says John M. King, CFO of Radial Power. “Our national portfolio of best-in-class distributed generation projects is unlocking revenues from underutilized real estate, delivering value to our customers, and accelerating a reliable U.S. energy transition.”

This deal marks the inaugural tax equity financing Radial Power has closed with Bank of America.

“We are proud to support Radial Power in this latest milestone. The tax equity transaction underscores Bank of America’s commitment to mobilize and deploy $1.5 trillion in sustainable finance capital by 2030, and to support the scalable and affordable delivery of clean, local power to communities, businesses and individuals,” adds Bank of America’s Danielle King.

Latham & Watkins acted as legal counsel to Radial and Milbank to Bank of America.

The post Radial Power Closes $80 Million in Tax Equity Financing From Bank of America appeared first on Solar Industry.

Radial Power Closes $80 Million in Tax Equity Financing From Bank of America

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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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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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Renewable Energy

Modern Humankind in a Nutshell

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At left we see the moral bankruptcy that guides our civilization.

I recall many years ago, when Musk was becoming a “thing,” writing a post to the effect that, “What a terrible shame.  We really didn’t need just one more super-rich asshole on this beleaguered planet.”

Modern Humankind in a Nutshell

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