Advantage Capital has committed to provide a $185 million investment to Sabanci Renewables for financing of its Cutlass Solar II project.
Located approximately 40 miles southwest of Houston, Cutlass II is a 272 MW utility-scale project under construction in ERCOT. It is expected to commence operations in April and includes over 500,000 solar panels situated on over 1,000 acres of land, says Advantage.
Advantage Capital’s tax equity investment, which leverages federal investment tax credits, will provide the external capital necessary for Sabanci to complete project construction.
“This investment with Sabanci Renewables perfectly aligns with Advantage Capital’s commitment to funding clean energy projects nationwide and will especially have a positive impact on the community in greater Fort Bend County, Texas,” says Tom Bitting, Advantage Capital principal. “We are thrilled to be working with Sabanci, a trusted name in the global energy industry, in bringing this project online for the benefit of its stakeholders.”
Allen & Overy and Husch Blackwell served as counsel for Advantage Capital on the transaction. Troutman Pepper and Duggins Wren Mann & Romero served as counsel for Sabanci Renewables. Carbon Reduction Capital also served as Sabanci’s financial advisor.
The post Sabanci Renewables Closes Financing with Advantage Capital for Cutlass Solar II Project appeared first on Solar Industry.
Sabanci Renewables Closes Financing with Advantage Capital for Cutlass Solar II Project
Renewable Energy
Trump’s Only Real Talents: Attracting Attention and Controlling Morally Weak People
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
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.”
It’s easy to understand how Trump has great appeal to the hateful idiots and the amoral rich.
It’s much harder to see how it’s possible that a huge number of eligible voters are uninvolved in guiding the future of the United States, with many of them saying that “both sides are the same.”
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