Shell Wind Energy and Savion Equity, both subsidiaries of Shell plc, have agreed to sell partial ownership stake in two U.S.-based renewable projects to InfraRed Capital Partners.
Shell will sell 60% interest in Brazos Wind Holdings, a 182 MW onshore wind farm in Fluvanna, Texas, and 50% interest in Madison Fields, a 180 MW solar development in Madison County, Ohio.
“This agreement follows our guidance at Shell’s Capital Markets Day to pursue dilutions in ownership from power interests while maintaining access to renewable electrons via select offtake agreements,” says Glenn Wright, Shell Energy Americas’ senior vice president. “We continue to take a disciplined approach within our current renewables portfolio, aiming to work with partners and focus on opportunities where we can integrate across the value chain through trading and optimization.”
Through the current agreement, Shell will retain 100% of power offtake from the Brazos project through Shell Energy North America. The Madison Fields project will retain an existing corporate PPA in place with a third party. Shell will be the asset manager of Brazos and Madison Fields, with both projects benefiting from Inflation Reduction Act tax credits.
The sale of both assets is expected to be completed by early next year, with an effective date of this month.
The post Shell Sells Partial Stakes in Brazos, Madison Fields to InfraRed Capital Partners appeared first on Solar Industry.
Shell Sells Partial Stakes in Brazos, Madison Fields to InfraRed Capital Partners
For most of our lives, many of us boomers have believed that the biggest threat to the United States was our president, starting with Tricky Dick Nixon, the inventor of the “trickle-down economics,” liar Ronald Reagan, and GW (the moron) Bush.
But yes, none of us was prepared for the cold, calculating criminal who is Donald Trump.
There Were Prior Threats to the Nation Stemming from the White House
The fact that human activity is unsustainable has been revealed to us gradually over the last century. Rachel Carson’s “Silent Spring” was published 63 years ago.
That said, the ideas of climate change, ocean acidification, and loss of biodiversity have been essentially unchallenged by scientists for just the last couple of decades.
The only thing standing in the way of rapid environmental progress is greed, and in the end, that may prove to be an unbeatable foe. Decarbonizing our grid and transportation sector will eventually destroy the fossil fuel industry, a group so powerful that it has a stranglehold, both on our lawmakers and on our corporate-owned media, that works so hard to misinform our citizenry.
It’s still possible that our most senior military leaders will insert themselves in time to prevent some truly catastrophic event here in the United States/abroad.
I keep thinking I’ll read about an exchange like this:
Trump: We’re invading Greenland.
Some four-star general: The f*** we are.
This may sound like a pipe dream, but these are people of real honor and integrity who take their oaths to our constitution quite seriously.
Will the U.S. Top Military Intervene Before Trump Inflicts Irreparable Damage
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