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SB Energy has secured a combined $2.4 billion aimed at supporting communities with domestically produced renewable energy. 

Working with J.P. Morgan, Bank of America, Morgan Stanley Renewables and Truist Bank, SB Energy closed approximately $800 million in tax equity. Working with MUFG, Mizuho Americas, ING, SMBC, CIBC, Fifth Third Bank and Société Générale, the company raised $450 million in term debt and $1.2 billion in construction debt to support a 1.3 GW portfolio of four utility-scale solar projects.

Three of the projects are also the first utility-scale projects in the U.S. to reach financial close with the Inflation Reduction Act’s “domestic content adder,” says the company.

To qualify for the domestic content adder, SB Energy is utilizing 1.1 million solar modules manufactured in Ohio by First Solar. Additionally, Nextracker is supplying trackers with recently expanded component providers in multiple U.S. states. All structural steel on these same projects will use domestically sourced steel from Texas and Georgia.

“The IRA’s domestic content and energy community incentives were designed to expand America’s manufacturing base and create good-paying jobs in communities that need them,” says SB Energy co-CEO Rich Hossfeld. “We are thrilled to be the first company to reach financial close on projects that utilize these adders with our partners J.P. Morgan Chase, Bank of America, Morgan Stanley Renewables and Truist Bank.”

“By partnering with leading tax equity investors and lenders on these latest financings, we are extending our track record of deploying renewable generation at scale,” adds SB Energy’s Gianluca Signorelli. “Moreover, by utilizing the IRA’s domestic content and energy community adders, we have created a blueprint for deploying clean infrastructure that advances America’s prosperity and wellbeing.”

Google is purchasing approximately 75% of the energy produced by these four projects to power its Texas data center presence.

The post SB Energy Secures $2.4 Billion for Domestic Energy Projects appeared first on Solar Industry.

SB Energy Secures $2.4 Billion for Domestic Energy Projects

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Renewable Energy

The SAVE Act

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It appears that there are a few Republicans who understand the SAVE Act is simply an exercise in voter suppression and thus an attempt to overturn American democracy.

We need to accept any little bit of good news where we can find it.

The SAVE Act

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Renewable Energy

What We Want from the State

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What we see at left is a a perfect example of a “straw man” argument, i.e., one that deliberately twists one side of the debate. If you asked to guess as to the percentage of Americans who want to give up free enterprise and hand over the “means of production” to the government, I’d say it could be 1/100th of a percent.

Practically nobody wants “everything from the state.” What most of us want, in addition to the many dozens of other things that the U.S. federal, state, and local governments provide us is Medicare for all and subsided education, which is the form of government in the countries that consistently come in at the top of the World Happiness Rankings.

What We Want from the State

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Renewable Energy

Preferences for Musical Genres and Political Demographics

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The following is simply raw speculation on my part.  I’ll be interested in your comments.

There are musical styles that align themselves with left- and right-wing politics, though none of these, with the possible exception of one, has 100% of its audience–more on this below.

Here are a few musical genres, where they seem to be pro- or anti-Trump. and why:

Classical.  Largely but not exclusively anti-Trump.  Classical appeals to the mind and the emotions that surround the perception of beauty, and people who are strong in these areas are generally anti-Trump.  There are exceptions, in that there are plenty of billionaires and weirdo intellectuals, e.g., the “objectivists” of Ayn Rand fame many of whom adore classical music.

Country.  Pro-Trump.  Most of it appeals to people whose most nuanced thinking concerns getting drunk and laid in the back of their pick-up truck.

HipHop: Pro-Trump.  The opposite of classical, this is music that appeals to the genitalia as opposed to the mind.

Rock.  Mixed bag.  Heavy metal probably favors Trump; fans of prog-rock bands like Yes and Pink Floyd have too much going on in their minds and hearts to be Trump supporters.

Folk: Mostly anti-Trump.  Pete Seeger and Bob Dylan fans aren’t big on stupidity and fascism.  I’m sure there are exceptions.

Reggae: Distinctly anti-Trump.  Black folks’ songs of love, peace, weed, and escape from slavery aren’t going to resonate with the hate of the White supremacists.

The Grateful Dead.  I’ll leave you with this.  If you can find me a single Dead Head Trumper, I’ll be astounded.  Now, I know that essentially no one sits on the fence about the Dead; they have their detractors. But there is essentially zero intersection of Dead Heads and those who favor war, corruption, hate, greed, and ignorance.

Preferences for Musical Genres and Political Demographics

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