SunPower has announced that it raised $175 million in capital financing through a second lien term loan from Sol Holding, the company’s majority shareholder and indirect subsidiary of TotalEnergies and Global Infrastructure Partners.
The term loan includes $45 million previously funded to the company in December and January, $80 million in new investment and a $50 million second tranche available to be borrowed upon the satisfaction of certain conditions.
SunPower also obtained new long-term waivers from its financial partners and entered into an amendment to its revolving debt facility. Together, these actions provide the company with up to $155 million of additional liquidity.
“This transaction demonstrates the strong conviction of our financial partners in the long-term value proposition of residential solar, storage and renewable energy services, as well as SunPower’s ability to deliver operational excellence for our customers,” said Peter Faricy, SunPower CEO. “With this injection of additional liquidity and working capital to our balance sheet, coupled with substantial cost reductions, SunPower is taking positive steps to position itself to succeed in 2024 and beyond.”
The post SunPower Secures Additional Capital, Revolving Debt from Sol Holding appeared first on Solar Industry.
SunPower Secures Additional Capital, Revolving Debt from Sol Holding
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Nordex Invests in Türkiye, Vestas Wins First V182 Order
Allen covers Nordex’s Türkiye expansion, Chinese turbine makers seeking European partners, Vestas’ first V182 order, and two Pennsylvania repowers.
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I’m not sure it’s as simple as this, insofar as Bush 41 and 43 weren’t criminal sociopaths.
I happened to be driving through Manhattan on the very day that Colin Powell was addressing the United Nations just a few miles away and claimed, and I think honestly, that Saddam Hussein had “weapons of mass destruction,” and must be stopped by a U.S. military invasion.
Contrast that against what we’re doing in Iran. Fifteen years ago, the Joint Comprehensive Plan of Action (JCPOA), included Iran, the P5+1 nations (the United States, China, Russia, France, the United Kingdom, and Germany), alongside the European Union made an agreement in which most of the developed world agreed that Iran must not have a nuclear weapon.
That stood firmly in place until Trump’s latest war crime, which is costing lives and choking the world economy, solely to defend our president’s neuroses.
The Brennan Center at NYU’s seminal report on this issue, The Truth About Voter Fraud, found that most reported incidents of voter fraud are actually traceable to other sources, such as clerical errors or bad data matching practices. The report reviewed elections that had been meticulously studied for voter fraud and found incident rates between 0.0003 percent and 0.0025 percent.
Does that stop liars like Mike Lee from spreading disinformation of the subject? Of course not.
There is no judgement day. There is no Saint Peter standing in front of the Pearly Gates discerning good from evil and acting according.
That’s a lucky break for Mike Lee.
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