https://www.afinalwarning.com/510015.html (Natural News) Two months ago, millions of Texans shivered under blankets as a historic winter storm drove the state’s power grid to the brink of collapse. Now, Caprock Renewables, a utility-scale developer based in Austin, Texas, is planning to raise equity for a big $500-million portfolio of solar projects in Texas, according to a recent report from
Bloomberg.
Thanasis Iatrou, the company’s chief executive officer (CEO), said their portfolio consists of three, build-ready projects in southern Texas. Iatrou also said they have contracted 520 megawatts of capacity to a financial corporation with a tax equity investment accounting for 35 percent of the portfolio’s estimated cost.
Governors Wind Energy Coalition
Solar Farms Planned in Texas to Test Market in Wake of Freeze Source: By Naureen S Malik and Brian Eckhouse, Bloomberg • Posted: Thursday, April 8, 2021
A Texas renewables developer is about to test investors’ appetite for solar farms in the state after February’s devastating freeze rendered some power plants inoperable for days.
Caprock Renewables is looking to raise equity for a $550 million portfolio of utility-scale solar in southern Texas, said Chief Executive Officer Thanasis Iatrou. The Austin-based company hired Cantor Fitzgerald to advise on the process.
The planned projects come as power-plant investors reckon with potentially heavy losses from Texas’s energy crisis and the possibility of regulatory changes that could drive up costs for renewables generators.
Alyce growing on heels of latest funding round
Updated April 8, 2021, 2 hours ago
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Alyce growing on heels of latest funding round
Go ask Alyce if you want to learn how big of a business handing out swag has become. The Boston-based subscription software startup plans to double the size of its 170-person workforce now that it has raised $30 million in its latest round of funding. This investment round, led by General Catalyst, brings the total venture capital raised by Alyce to $48 million. Alyce provides a platform for providing corporate gifts, promotional items, and direct mail, to build personal connections between companies and their clients or prospective clients. Led by chief executive Greg Segall, Alyce has made a number of key executive hires in the past 12 months. With the latest funding round, General Catalyst executive-in-residence Lou Shipley will join Alyceâs board. â JON CHESTO