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Vesper Energy has announced the closing of financing for its 600 MW Hornet Solar project in Texas.

The company secured a $590 million debt financing package for the single-phase solar project, consisting of a construction-to-term loan and letter of credit facility. The bank group includes MUFG Bank, Nord/LB and Santander Corporate & Investment Banking as coordinating lead arrangers, BayernLB as joint lead arranger and Associated Bank as lender.

“Closing project financing and a long-term purchase agreement for the PTCs on a large project in west Texas is complex,” says Vesper Energy CFO, Robert Scheuermann. “We are proud to invest in Hornet Solar alongside top-tier lenders and investors. This closing is a testament to the value Vesper Energy generated in the asset.”

With a nameplate capacity of 600MW, the company says the project will utilize bifacial PV modules on a single axis tracking system as well as interconnect to Oncor Electric’s transmission system in ERCOT.

Blattner Energy is constructing the Hornet Solar project. The power generated by the project is contracted to four off-take partners through individual PPAs.

Vesper Energy was advised by CCA Capital on the sourcing and structuring of the PTC transfer commitment. 

The post Vesper Energy Closes $590M in Financing for Hornet Solar  appeared first on Solar Industry.

Vesper Energy Closes $590M in Financing for Hornet Solar 

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Renewable Energy

Bravery Meets Tragedy: An Unending Story

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Here’s a story:

He had 3 days left until graduation.

STEM School Highlands Ranch. May 7, 2019.

Kendrick Castillo was 18. A robotics student. College bound. Accepted into an engineering program. The final week of school felt like countdown, not crisis.

Then a weapon appeared inside a classroom.

Students froze.

Kendrick did not.

Witnesses say he moved instantly. He lunged toward the attacker. No hesitation. No calculation.

Two other students followed his lead.

Gunfire erupted.

Kendrick was fatally sh*t.

But his movement changed the room.

Classmates were able to tackle and restrain the attacker until authorities arrived. Investigators later stated that the confrontation disrupted the attack and likely prevented additional casualties.

In seconds, an 18-year-old made a decision most adults pray they never face.

Afterward, the silence was heavier than the noise.

At graduation, his name was called.

His diploma was awarded posthumously. The arena stood in collective applause. An empty seat. A cap and gown without the student inside it.

His robotics teammates remembered him as curious. Competitive. Kind. Someone who solved problems instead of avoiding them.

He had planned to build machines.

Instead, he built a moment.

A moment that classmates say gave them time.

Time to escape.

Two points:

If you can read this without tears welling up in your eyes, you’re a far more stoic person than I.

Since Big Money has made it impossible for the United States to implement the same common-sense gun laws that exist in the rest of the planet, this story will reduplicate itself into perpetuity.

Bravery Meets Tragedy: An Unending Story

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Renewable Energy

Forced Transgendering of America’s Little Kids

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How often does this happen? How about never?

Trump loves to say that little boys go to school and come back home little girls.

He’s the most powerful person in the world for exactly one reason: We’re a nation of morons.

Forced Transgendering of America’s Little Kids

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Renewable Energy

Illegal Aliens and U.S. Veterans

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Two comments:

That the United States has homeless veterans is a national (and international) disgrace.

By definition, no one has the legal right to enter the U.S. illegally, but according to our constitution, everyone in America is entitled to due process.

Illegal Aliens and U.S. Veterans

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