Vesper Energy has finalized construction and term loan syndication, representing $592 million in investments, for its 600 MW Hornet Solar project located in Swisher County, Texas.
The project utilizes bifacial PV modules on a single-axis tracking system. Power generated by the project is contracted to four off-take partners through individual PPAs.
“This closing is a testament to the value of our Hornet Solar project and showcases our ability to leverage innovative financial structures to provide the greatest, mutually beneficial value for our partners,” says Robert Scheuermann, Vesper Energy’s CFO.
“We look forward to working with leading investors and lenders as we develop, construct and operate clean energy projects across the United States.”
The project has secured commitments from a group of banking and lending partners, including MUFG Bank, Nord/LB and Santander as coordinating lead arrangers. Societe Generale, BayernLB and KB Kookmin Bank acted as joint lead arrangers. Allied Irish Bank, Associated, Radiance Structured Finance and DZ Bank acted as lenders.
Blattner Energy is constructing the project.
The post Vesper Energy Finalizes $592M Hornet Solar Debt Syndication appeared first on Solar Industry.
The many millions of participants in today’s “No Kings” rallies around the world are doing everything possible to avoid hostility between the event supporters and Trump supporters who claim it promotes a “hatred of America” and “domestic terrorism.”
Whether these days of hate and oppression will persist for a “long, long time,” or whether the pendulum is about to swing back the other way remains to be seen.
It’s certainly a terrible time to be an American.
I just saw a question on social media: do you want your tax dollars going to feed someone else’s kids??
Yes. I’d like to live in a world in which no kids go hungry, and I don’t have a problem contributing to create that world.
This may sound like a tall order, especially given the variability of wealth in the world’s countries.
But let’s stick with the U.S. for a minute. In the US, nearly 14 million children live in food-insecure households, a statistic that has risen recently, with some reports indicating that one in five children face hunger.
This is disgraceful.
So again, yes. Please sign me up to allocate a portion of my tax dollars to feeding hungry kids.
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