Concho Valley Homepage reported Doral Renewables is partnering with Bechtel Corporation on the Cold Creek solar and battery farm. Doral's description indicates they are backed by Apollo, a giant private equity underwriter (PEU). Cold Creek is projected to be operational in 2028.
San Angelo City Council and Tom Green County Commissioners have a new constituency to serve, PEUs with specific hurdle rate requirements.
City Councilman Tom Thompson, Tommy Hiebert and Harry Thomas have been ringing the bell on cutting city services, I take it, to give these and future projects their massive tax abatements.
Cutting retiree healthcare so billionaire founders can add to their massive net worth? That has a national political feel to it.
Politicians Red & Blue love PEU and their new TechGod/CryptoBro brethren. Increasingly, more are one.
