Latest news with #JonStark
Yahoo
30-05-2025
- Business
- Yahoo
Arevon secures $98m tax equity commitment for Indiana solar projects
American energy developer, owner and operator Arevon Energy has secured a $98m tax equity commitment from Fifth Third Bank to support the development of its Ratts 1 and Heirloom solar projects in Pike County, Indiana, US. These projects, currently under construction, will collectively add 265MW of new energy for Indiana and are part of Arevon's expansion in the Midwest/Midcontinent Independent System Operator (MISO) territories. The 192MWdc Ratts 1 Solar has secured a long-term power purchase agreement with the Indiana Municipal Power Agency, while Meta will be the offtaker for 73MWdc Heirloom Solar. Both projects are expected to commence operations in the second half of 2025. The partnership with Fifth Third Bank leverages the Inflation Reduction Act's tax credit transfer provision, offering Arevon enhanced capital structure flexibility. Fifth Third Bank Head of Renewables Jon Stark stated: 'Supporting premier platforms like Arevon squarely fits our future growth, and we look forward to continuing to grow our relationship with Arevon as they continue to execute on their high-quality US renewables pipeline.' The Ratts 1 and Heirloom Solar projects represent a nearly $400m investment and are projected to contribute more than $86m to local governments, benefiting public services and infrastructure. The construction has created 200 full-time jobs and boosted local businesses. Arevon chief investment officer Denise Tait stated: 'The complex and highly successful structure of this transaction marks another notable financial accomplishment for Arevon. This is a great example of what happens when all the right pieces come together. 'We were proud to work with Fifth Third Bank and our other financing partners on all we have achieved across our projects' financing packages. The Arevon team's deep expertise and experience will enable us to continue to innovate on future financial transactions.' Advisory and legal firms Paragon Energy Capital, Latham & Watkins, and Norton Rose Fulbright played key roles in closing the latest tax equity commitment. In September 2024, Arevon announced a separate $299m financial close for these projects, marking its first uncommitted tax equity and tax credit transfer bridge loan transaction. Arevon continues to grow its portfolio in the US Midwest. Notable developments include the commencement of the Posey and Gibson solar projects in Indiana and the advancement of the 430MW Kelso Solar Project in Missouri. Arevon has secured more than $3.8bn in cumulative project financing for new solar and energy storage developments throughout the US. "Arevon secures $98m tax equity commitment for Indiana solar projects" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Daily Mail
16-05-2025
- Health
- Daily Mail
Colorado boy, 7, died in agony after his parents force fed him olive brine ‘as a punishment'
A malnourished boy died an agonizing death after he likely ingested too much olive brine, which his adoptive parents had fed to him as an unusual form of punishment. Seven-year-old Isaiah Stark was rushed to hospital on February 17, 2020 after an extended period of vomiting and displaying 'unusual' behavior. He became unresponsive on the drive, and died the next day. His adoptive father Jon Stark was a cop in their small town of Grand County in Colorado, while his wife Elizabeth raised their five boys at home. Isaiah was the only one of the Starks' children who was adopted, and all five were homeschooled. Local authorities have concluded Isaiah's death was a tragic accident not worthy of pressing charges, but child welfare activists have been campaigning for a thorough investigation, arguing it was 'needless and could have been prevented', according to an investigation by the Denver Post. Jon and Elizabeth repeatedly expressed frustration and voiced their struggles about raising Isaiah, who they adopted from his biological mother shortly after his birth. They claimed he suffered mental health problems which 'held him and our family hostage' including Reactive Attachment Disorder - which is characterized by a young child struggling to form healthy emotional bonds with a caregiver. In 2019, two years after Isaiah had been formally adopted, Elizabeth contacted his doctor, admitting: 'I am desperate for help.' She reportedly asked if there was 'a stronger medication that you can prescribe ASAP that will take the ability away from him to keep him awake and completely force his body to sleep?' In an extraordinary show of support, the region's assistant coroner Tawnya Bailey assured the couple 'I will do everything in my power to make sure this stays here,' according to a report by the Colorado Bureau of Investigation and seen by the Denver Post. She reportedly told the couple that the sheriff's investigator Bobby Rauch would do the same, adding that the district attorney would 'throw aside' any autopsy findings. The Starks were assured 'the case was done', the report stated. Stephanie Villafeurte from the Colorado Child Protection Ombudsman later criticized the investigation, telling the publication: 'We have many unanswered questions, and those responsible for giving these answers are unwilling to do so.' In a report conducted by her department, it was alleged that the Starks had claimed little Isaiah was 'damaged when they took him in', 'different and difficult.' They had reported his problems stemmed from 'manipulative behaviors and willfulness.' Elizabeth also claimed that Isaiah 'hated her' from the age of two months old, the report stated, and that he only misbehaved privately, when in the care of his adoptive mother. There were three separate mandatory reports to the state's child abuse hotline after his death. A mandatory reporter is a professional obligated by law to report known or suspected incidents. One of the concerned mandatory reporters disclosed that the Starks used olives and olive brine as a strange form of punishment when their children misbehaved, the ombudsman stated. 'The reporting party was concerned for the other children in the home and the potential for excessive discipline,' the letter notes. According to the autopsy, Isaiah was so dehydrated at the time of his death that a far smaller dose of olive brine could have killed him than would otherwise be considered fatal. He was also suffering malnourishment and both his small and large intestines were markedly distended, the publication learned. Shireen Banerji, poison center director at Denver's Rocky Mountain Poison and Drug Center, said such a large amount of sodium absorption is quite rare. 'It would have to be more than an accident,' Banerji said. 'You'd need to drink it like a beverage; you'd need a good amount.' Despite Villafeure's findings, District Attorney Matt Karzen maintained there was nothing that indicated he should prosecute the parents. 'The autopsy, and then subsequent additional review by medical professionals, could not confirm the exact cause of death nor establish any culpable mental state required for a criminal prosecution under applicable Colorado statutes,' he said. One month after Isaiah's death, the couple fell pregnant with another son, named Knox. In a family blog seen by Elizabeth Stark called Knox her 'miracle baby', adding: 'We lost Isaiah in February 2020. Three weeks later, the world collapsed and curled into itself in isolation. 'For us, it only echoed the loneliness our family knew during his seven years of life, what we stumbled through in the darkness of his mental illness. Knox is our miracle baby, born with CDH ten months later.'
Daily Mail
16-05-2025
- Health
- Daily Mail
Frightened little boy, 7, dies in agony 'after parents force fed him appalling substance as punishment'
A malnourished boy died an agonizing death after he likely ingested too much olive brine, which his adoptive parents had fed to him as an unusual form of punishment. Seven-year-old Isaiah Stark was rushed to hospital on February 17, 2020 after an extended period of vomiting and displaying 'unusual' behavior. He became unresponsive on the drive, and died the next day. His adoptive father, Jon, was a cop in their small town of Grand County in Colorado, while his wife Elizabeth raised their five boys at home. Local authorities have concluded Isaiah's death was a tragic accident not worthy of pressing charges, but child welfare activists have been campaigning for a thorough investigation, arguing it was 'needless and could have been prevented', according to an investigation by the Denver Post. Jon and Elizabeth repeatedly expressed frustration and voiced their struggles while raising little Isaiah, who they adopted from his biological mother shortly after his birth. They claim that the little boy suffered mental health problems which 'held him and our family hostage' and Reactive Attachment Disorder - which is characterized by a young child struggling to form healthy emotional bonds with a caregiver. In 2019, two years after Isaiah had been formally adopted, Elizabeth contacted his doctor, admitting: 'I am desperate for help.' She reportedly asked if there was 'a stronger medication that you can prescribe ASAP that will take the ability away from him to keep him awake and completely force his body to sleep?' In an extraordinary show of support, the region's assistant coroner Tawnya Bailey assured the couple 'I will do everything in my power to make sure this stays here,' according to a report by the Colorado Bureau of Investigation and seen by the Denver Post. She reportedly told the couple that the sheriff's investigator Bobby Rauch would do the same, adding that the district attorney would 'throw aside' any autopsy findings. The Starks were assured 'the case was done', the report stated. Stephanie Villafeurte from the Colorado Child Protection Ombudsman later criticized the investigation, telling the publication 'we have many unanswered questions, and those responsible for giving these answers are unwilling to do so.' In a report conducted by her department, it was alleged that Jon and Elizabeth had claimed little Isaiah was 'damaged when they took him in', 'different and difficult.' They had reported his problems stemmed from 'manipulative behaviors and willfulness.' Elizabeth also claimed that Isaiah 'hated her' from the age of two months old, the report stated, and that he only misbehaved privately, when in the care of his adoptive mother. Isaiah was the only child of the five boys who was adopted, and all of the children were homeschooled. Three separate mandatory reporters contacted the state's child abuse hotline after his death. One of the concerned mandatory reporters disclosed that Jon and Elizabeth used olives and olive brine as a strange form of punishment when their children misbehaved, the ombudsman stated. 'The reporting party was concerned for the other children in the home and the potential for excessive discipline,' the letter notes. According to the autopsy, little Isaiah was so dehydrated at the time of his death, that a far smaller dose of olive brine could have killed him than would otherwise be considered fatal. He was also suffering malnourishment and both his small and large intestines were markedly distended, the publication learned. Shireen Banerji, poison center director at Denver's Rocky Mountain Poison and Drug Center, said such a large amount of sodium absorption is quite rare. 'It would have to be more than an accident,' Banerji said. 'You'd need to drink it like a beverage; you'd need a good amount.' Despite Villafeure's findings, District Attorney Matt Karzen maintains there was nothing that indicated he should prosecute the parents. 'The autopsy, and then subsequent additional review by medical professionals, could not confirm the exact cause of death nor establish any culpable mental state required for a criminal prosecution under applicable Colorado statutes,' he said. Just one month after Isaiah's death, the couple fell pregnant with their sixth son, Knox. In a family blog seen by Daily Mail, Elizabeth described Knox as her 'miracle baby', adding: 'We lost Isaiah in February 2020. Three weeks later, the world collapsed and curled into itself in isolation. 'For us, it only echoed the loneliness our family knew during his seven years of life, what we stumbled through in the darkness of his mental illness. 'Knox is our miracle baby, born with CDH ten months later.'
Yahoo
30-04-2025
- Business
- Yahoo
Doral Renewables closes tax equity financing for Ohio-based Great Bend solar project
Doral Renewables has secured tax equity financing for its Great Bend solar project, with Fifth Third Bank committing to investment of up to $30m. The project, situated in Meigs County, Ohio, is expected to provide significant economic benefits to the region, including powering around 9,000 homes. Located approximately 100 miles (161km) south-east of Columbus, near the Ohio-West Virginia border, the Great Bend solar project is set to become a ground-mounted single-axis photovoltaic (PV) system. Once operational, it will boast a solar power generating capacity of 48MWac (megawatts alternating current). The Great Bend project is not only expected to deliver clean energy to thousands of homes but also to generate substantial revenue. This will come from both the energy produced and the sale of renewable energy certificates, supported by a long-term power purchase agreement (PPA) with one of the largest investor-owned utilities in the US. In addition to its environmental benefits, the Great Bend solar project is poised to provide a significant economic boost to Meigs County. The project is expected to contribute more than $400,000 per year in new tax revenue, marking a major uplift for the local economy. Doral Renewables chief financial officer Evan Speece said: 'We are excited to partner with Fifth Third for the first time via this tax equity commitment to our Great Bend solar project. 'As we continue to bring a significant number of projects at scale to construction and operations, partnerships such as these are indelible to our success. We look forward accordingly to making this transaction a foundation for future growth in our relationship with Fifth Third.' Doral Renewables has projected that the Great Bend project will reach commercial operations by the fourth quarter of 2025. This timeline sets the stage for the project to begin delivering both energy and economic advantages to the region in the near future. The collaboration between Doral Renewables and Fifth Third Bank also includes a tax credit transfer transaction, which is scheduled to be completed later this year. Fifth Third corporate banking managing director and group head of renewables Jon Stark said: 'We are proud to support Doral as lead on the tax equity financing for Great Bend. 'Supporting premier platforms like Doral squarely fits our future growth, and we look forward to growing with Doral as they continue to execute on their high-quality US renewables pipeline." "Doral Renewables closes tax equity financing for Ohio-based Great Bend solar project" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
