Renewa has successfully closed a sale lease-back transaction with Leeward Renewable Energy (LRE) for the White Wing Ranch Solar project in Maricopa County, Ariz.
This deal supports the continued growth of LRE’s project pipeline, while allowing the company to maintain long-term site control for the project’s construction and operation.
“The LRE transaction is just one of the several sale-leasebacks we’ve closed on in the past year,” says Gage Mooring, Renewa co-Founder and co-CEO. “Despite capital markets tightening, Renewa remains determined to continue partnering with developers and providing necessary capital to help move projects and add value.”
“We have a mission to acquire land and help finance the transition to renewable energy,” adds Stephen Lee, Renewa co-Founder and co-CEO. “We are continuing to actively underwrite deals on land under every piece of the energy transition, from solar projects to transmission lines to battery storage.”
Renewa has more than 30 GW of renewable projects across 26 U.S. states.
The post Renewa Closes White Wing Solar Sale Lease-Back Transaction With LRE appeared first on Solar Industry.
Renewa Closes White Wing Solar Sale Lease-Back Transaction With LRE
Renewable Energy
The Positive Effects We’ve Had on Others Are Profound, Whether We Know It or Not
There’s a theory that most people underestimate the positive effects they’ve had on other people.
Yes, that’s the theme of “It’s a Wonderful Life,” but it’s also the core of the 1995 film “Mr. Holland’s Opus,” in which a music teacher who deemed that his life had been a failure because he never completed writing a great symphony, is gently and beautifully corrected. Please see below.
The Positive Effects We’ve Had on Others Are Profound, Whether We Know It or Not
Renewable Energy
Renewable Energy Concepts Can’t Violate the Laws of Physics
In the early days of 2GreenEnergy, my people and I were vigorously engaged in finding solid ideas in cleantech that needed funding in order to move forward.
I vividly remember a conversation with a guy in Maryland who was trying to explain the (ostensible) breakthrough that he and his team had made in hydrokinetics. When I was having trouble visualizing what we was talking about, he asked me to “think of it as a river in a box.”
“Oh!” I exclaimed. “You mean you take a box full of standing water, add energy to it get it moving, then extract that energy, leaving you with more energy that you added to it.”
“Exactly.”
I politely explained that the laws of physics, specifically the first and second laws of thermodynamics, make this impossible.
He wasn’t through, however, and insisted that, in his office, his people had constructed a “working model.”
Here’s where my tone descended into something less than 100% polite. I told him that he may think he has a working model, but he’s wrong; if he believes this, he’s ignorant; if he doesn’t, but is conducting this conversation anyway, he’s a fraud.
“But don’t you want to come see it?” he implored.
“No. Not only would not fly across the country to see whatever it is you claim to have built, I wouldn’t walk across the street to a “working model” of something that is theoretically impossible.”
—
I tell this story because the claim made at the upper left is essentially identical. You’re pumping water up out of a stream, and then claiming to extract more energy when the water flows back into the stream.
Of course, social media today is rife with complete crap like this. We’ve devolved to a point where defrauding money out of idiots is rapidly replacing baseball as our national pastime.
Renewable Energy
What Canada Has that the U.S. Doesn’t
Until recently, I would have moose, maple syrup, and frozen tundra.
Now I would say: decency, honesty, and class.
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