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Innergex Achieves Financial Close of its 225 MW Griffin Trail Wind Project in Texas


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LONGUEUIL, QC, Dec. 29, 2020 /CNW Telbec/ - Innergex Renewable Energy Inc. (TSX: INE) ( Innergex ) is proud to announce the closing of a construction financing and tax equity commitment for its Griffin Trail project, a 225 MW wind facility located in Knox and Baylor Counties, in north-west Texas. The US$276.2 million (CAN$354.5 million) financing has been arranged with Sumitomo Mitsui Banking Corporation acting as Coordinating Lead Arranger, and CIBC acting as Joint Lead Arranger, backed by a US$171.4 million (CAN$220.0 million) tax equity commitment from Wells Fargo to be provided upon the commercial operation date.
It was only a few months ago, when the U.S. Production Tax Credits deadlines were extended, that we knew we were in a strong position to bring Griffin Trail forward, and we have since made rapid progress on development and construction,  said Michel Letellier, President and Chief Executive Officer of Innergex.  S ....

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Barrick Gold: Viertes Quartal dürfte erneut ein starkes Quartal für Goldproduzenten werden - Aktienanalyse (Der Aktionär) | Aktien des Tages

Barrick Gold: Viertes Quartal dürfte erneut ein starkes Quartal für Goldproduzenten werden - Aktienanalyse (Der Aktionär) | Aktien des Tages
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Development of renewable energy projects: President's concerns – The Island


BY Dr Janaka Ratnasiri
Proceedings of a meeting held by the President on 15.12.2020 with the Power Minister, Renewable Energy Minister, officials of the two ministries as well as officials of institutions coming under the two ministries to discuss issues pertaining to the development of renewable energy (RE) were shown in newscasts of TV channels as well as reported in the print media recently. The purpose of this write-up is to elaborate on some issues raised by him.
 
According to a report in
The Island of 16.12.2020, the President has said that “he is exploring the possibility of rapidly adding power from renewable energy sources, such as wind and solar, to the national grid, and that many countries are turning to renewable energy sources for power generation. As per the “Saubhagyaye Dekma” Policy Statement, by 2030 the government expects to meet 70% of the total electricity demand from renewable energy sources”. He has further said that “the generat ....

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