Advantage Capital has committed to provide a $137 million investment to Sabanci Renewables, to complete financing for the 232 MW Oriana Solar Project.
Located 120 miles southeast of San Antonio, Texas in Victoria County, Oriana is currently under construction and includes 425,000 solar modules to be installed on 1,100 acres. Operations are expected to commence next spring.
Advantage Capital’s investment, which leverages Investment Tax Credits under the Inflation Reduction Act, will provide the remaining capital Sabanci Renewables needs to complete the project’s construction.
“We are pleased to expand our partnership with Sabanci Renewables to support building out the power grid in Texas through another utility-scale solar project,” says Tom Bitting, managing director at Advantage Capital.
“Oriana will have a profound impact on the Gulf Coast region by increasing the clean power supply to critical energy load centers, and Victoria County will reap the added benefit of new job creation for local workers.”
A&O Shearman and K&L Gates served as counsel for Advantage Capital on the transaction, and Troutman Pepper and Husch Blackwell served as counsel for Sabanci Renewables. Carbon Reduction Capital also served as exclusive financial advisor.
Last December, Sabanci Renewables closed $185 million in tax equity financing with Advantage Capital for the Cutlass Solar II project outside of Houston. Cutlass II was completed and commissioned in May.
Sabanci Renewables is a North American subsidiary of Sabanci Holding.
The post Sabanci Renewables Completes Oriana Solar Project Financing with Advantage Capital appeared first on Solar Industry.
The MAGA base is on fire about Trump’s quest to ban Sharia law. It would take any of them about 15 seconds, if they wished to look into this, to learn that Sharia law has no official legal status or authority in the United States, because the U.S. Constitution and secular laws always come first. - No Authority: American courts do not follow or enforce Sharia law.
- Religious Freedom: Muslims in the U.S. follow Sharia as a personal and moral guide for daily worship and life, just as people of other faiths follow their own religious rules.
- Constitutional Limits: Religious practices cannot break federal or state laws.
For a moment, think about an American judge’s sentencing a thief to have his hand amputated, or having an adulteress stoned to death.
The reason that the MAGA base supports Trump never was rooted in personal gain, whether that meant income, healthcare, or God knows, education. Yes, they got shafted by the rising cost of living, but they never suffering anything like what’s happening the American farmer.
From AI:
- Deepening Deficits: The American Farm Bureau Federation projects that crop farmers will lose roughly $31 billion and face another $32 billion in losses.
- Negative Returns: Major row crops like corn, soybeans, wheat, and cotton are operating well below breakeven.
- Rising Debt: Total farm debt has climbed to record highs near $560 billion, straining producers who also face high interest rates and inflation for seeds, fuel, and fertilizer.
- Export Disruptions: Retaliatory tariffs from trading partners like China have severely cut into U.S. soybean and corn exports.
- Beef and Rancher Backlash: Administration moves to temporarily lift tariffs on foreign beef imports to lower grocery store prices have angered domestic ranchers and farm bureaus who fear being undercut during a historic low in cattle inventory.
Capping all this off is Trump’s allowing hundreds of millions of pounds of ground beef to be imported with zero tariffs.
Trump’s first term didn’t make him any friends with U.S. generals and admirals. He followed up his referring to our soldiers as “suckers” and “losers” with pardoning someone who had been convicted in military court of a war-crime.
Yet it is his second term that has really propelled him into infamy. Here we have:
Iran, Venezuela, deployments of National Guard troops in Democratic-led cities, destroying America’s confidence in democracy by repeating the lie that the 2020 election was rigged, renaming the Department of Defense and appointing an alcoholic Fox News host to run it, threatening to invade Greenland and Canada, the destruction of relations with our historic allies, his usurpation of power delegation to the Constitution to congress, appointing his personal attorney to the Department of Justice, ignoring the national security implications that accompany climate change, damaging America’s business interests with huge tariffs, and buddying up to world tyrants like Putin and Kim Jong Un.
The Top People in the U.S. Military Oppose Trump on All Major Issues
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