Recurrent Energy has secured $513 million in project financing for its 1,200 MWh Papago Storage project located in Maricopa County, Ariz.
Project construction is slated to commence later this year, with commercial operations expected to begin in 2025. The project holds a 20-year tolling agreement with Arizona Public Service Company.
Following construction, Recurrent Energy will own and operate the project.
“When we began developing Papago Storage in 2016, the Arizona storage market was in its infancy,” says Ismael Guerrero, CEO of Recurrent Energy.
“Today, Arizona is one of the fastest-growing markets for energy storage in the United States, bolstered by the state’s expanding economy and cost-effective renewable energy resources. Today, we are thrilled to see nearly a decade of planning culminate in the financing of what will be the largest energy storage project in Arizona. We appreciate the continued support from our partners Nord/LB and MUFG in our shared mission to advance the clean energy transition.”
MUFG and Nord/LB acted as coordinating lead arrangers for the project financing. Joint lead arrangers for the transaction included Bank of America, CoBank, DNB, Rabobank, Siemens and Zions.
The post Recurrent Energy Closes Financing for 1,200 MWh Arizona Storage Project appeared first on Solar Industry.
Recurrent Energy Closes Financing for 1,200 MWh Arizona Storage Project
My only problem with this is the U.S. Constitution, which clearly lays out the laws by which our elections will be conducted. I.e., it’s up to each of the 50 states to make and implement their own procedures.
Obviously, conspiracy theorists, at the direction of Newsmax and their peers, are convinced that there is a significant amount of voter fraud, but the fact is that there have been only a few dozen incidents of proven fraud out of the last one billion votes cast.
Yes, we could have an amendment could be proposed and passed into law that changes all of this, but until then, I’m going to support the U.S. Constitution, which has done right by the American people since its passage in 1789.
Yes, our atmosphere and our waterways will soon be seeing increasing concentrations of mercury, lead, cadmium, selenium, and arsenic, not to mention other neurotoxins like a wide array of radioactive isotopes, so that the Trump administration can placate billionaire donors.
But seriously, what are a few million agonizing deaths from these carcinogens compared with huge campaign donations?
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You may be asking yourself why Missouri Republicans did this.
Well, what’s in it for these people to foster a generation of bright, literate youngsters with a thirst for learning?
Absolutely zero.
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