Vast Solar went public on February 14th through a business combination with Nabors Energy Transition Corporation, a special purpose acquisition company (SPAC). We spoke to Craig Wood, CEO of the CSP developer, which is now simply called “Vast” and has commenced work on a 230 MW project pipeline in Australia. According to Wood, the SPAC market has cooled down lately, but there’s still appetite to back companies within a particular expertise. Due to a SPAC concept called the ‘degree of redemptions’, investors with money in the cash box can retract their money if they dislike the deal. As such, the implied equity value of the combined company is between $305 million and $586 million. This came shortly after Vast Solar…