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Strata Clean Energy has closed a $300 million revolving loan and letter of credit facility to expand its operational fleet and accelerate the commercialization of its diversified 17+ GW development pipeline. 

Nomura Securities International Inc. led the financing, acting as Sole Coordinating Lead Arranger, Bookrunner, and Nomura Corporate Funding Americas LLC as Administrative Agent, with First Citizens Bank and ING Capital as Joint Lead Arrangers alongside five other participant banks.

Notably, the loan adheres to a Green Financing Framework in accordance with the 2023 Loan Syndications and Trading Association (LSTA) Green Loan Principles. Nomura and ING Capital acted as Green Structuring Agents.

The proceeds of the loan will support the development, construction and operation of Strata’s upcoming renewable energy, energy storage and power-to-X projects. This facility also provides working capital for Strata’s growing EPC and O&M divisions, both of which have played a pivotal role in the company’s 15-year history of execution for its own independent power producer and third-party customers.

“This facility strengthens Strata’s liquidity position and enables us to drive forward with groundbreaking and economically viable renewable initiatives in markets nationwide,” says Alice Heathcote, CFO of Strata Clean Energy. “The support of our financial partners is instrumental in propelling us forward as a leading fully integrated cleantech platform, offering a comprehensive one-stop solution for development through construction, with an unwavering commitment to quality.”

Nixon Peabody and Norton Rose Fulbright acted as borrower’s and lenders’ counsel, respectively.

The post Strata Clean Energy Nets $300 Million in Funding to Support Growth appeared first on Solar Industry.

Strata Clean Energy Nets $300 Million in Funding to Support Growth

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Renewable Energy

ExxonMobil Lowering Carbon Emissions? Sure.

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Exxon: We’re investing in innovative technologies to reduce carbon emissions while supporting the needs of heavy industry.

As a marketing consultant, here’s my advice to Exxon:

Keep your money in your pockets.  There is no conceivable investment in public relations that will convince us, as stupid as we may be as a nation, that you care a damn about the health of our planet’s environment, or about the wellbeing of life on Earth.

ExxonMobil Lowering Carbon Emissions? Sure.

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Renewable Energy

Gallup Disappears into Ignominy

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Until this announcement, I think anyone would have said that Gallup, Inc., founded in 1935, had a solid reputation for honesty and integrity.

Yesterday, all that vanished in the blink of an eye.

Imagine you’re one of about 2000 employees located in one of about 35 offices around the world, including New York City, London, Berlin, Sydney, Singapore, and Abu Dhabi.  How sickened would you be?

Gallup Disappears into Ignominy

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Renewable Energy

Trump Digs Coal

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From “The Other 98”

Trump now wants Americans to believe that greenhouse gases don’t endanger human life, a claim that flies in the face of virtually every scientist on Earth. His administration just erased the EPA’s longstanding “endangerment finding,” the scientific and legal cornerstone that said carbon pollution warms the planet and harms human health. Without it, the EPA can no longer regulate greenhouse gases from factories, cars, or power plants, effectively stripping the federal government of its ability to combat climate change.

Trump is nothing if not predictable and consistent in his policies that fly into the teeth of science and cause grievous harm to our health.

Since science recognize vacci nations as safe and effective, why not appoint an anti-vaxxer to head up the Department of Health and Human Services?

Coal is by far the most toxic source of energy, so guess what Trump supports.

Trump Digs Coal

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