Dyadic International has announced that it has entered into agreements with all of its outstanding promissory note holders to extend their maturity dates to January 1, 2015. The convertible portion of the debt, representing $6.8 million of the total $8.2 million outstanding principal, may be prepaid by Dyadic at any time in whole or in part, without penalty, after March 31, 2014 with 30 days notice. In all other respects, the terms and conditions of these promissory notes remain unchanged and in full force and effect.- The largest tracking solar plant acquired by Southern Company subsidiary Southern Power in partnership with Turner Renewable Energy, the Spectrum Solar Facility, has begun commercial operation. The 30-megawatt (MW) solar photovoltaic (PV) installation utilizes tracking technology that enables greater operating efficiency by optimally directing solar panels to track the sun as it moves across the sky. Both the Spectrum Solar Facility and the partnership’s second-largest tracking solar plant – the 20-MW Apex Solar Facility – are located in Clark County, Nevada.
- Panasonic Eco Solutions North America (Panasonic Eco Solutions) and Coronal Management, LLC (Coronal) have acquired 16.2 MW of California CREST (California Renewable Energy Small Tariff) projects from Macquarie Capital. The Panasonic Eco Solutions and Coronal platform provides financing for the development and construction of utility scale and distributed generation solar systems to help companies and organizations reduce the complexity of implementing solar installations. The portfolio consists of nine solar projects located in Tulare and Kings Counties in central California, and will provide enough energy to Southern California Edison’s grid to power approximately 14,500 homes annually.
- U.S. Energy Secretary Dr. Ernest Moniz will deliver the keynote address at the 2013 Platts Global Energy Outlook Forum “Bridging the U.S. Boom: Global Markets Prepare” on Thursday, December 12, 2013 in New York City, New York.
