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.
Renewable Energy
Homeschooling
Decent and intelligent people respect the rights of parents to homeschool their children, but there are two reasons for concern: a) socialization, failure to expose children to their peers, so that they may make friends and come to understand the norms of society, and b) the quality of the education itself.
Almost all homeschooling in the United States is conducted on the basis of a radical rightwing viewpoint, normally a blend of evangelical Christianity and Trumpism.
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.
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