NewWorld Capital Group, LLC has announced a strategic investment in Astrum Solar, a residential solar installer. NewWorld will also assume a seat on Astrum’s Board of Directors. NewWorld’s co-investors in the transaction were CCM US, LLC and Constellation.- Mario Garnero, founder and Chairman of Brasilinvest, Brazil´s foremost merchant bank, and one of the key people on the launching of ethanol mass production project in Brazil, was invited by the Prime-Minister of Israel Benjamin Netanyahu to be a speaker at the Bloomberg Fuel Choices taking place in Tel Aviv from November 12-13, 2013. Israel is on the forefront of research in biofuel and clean energy researches since it has established the world’s most ambitious target: to change its transportation system by replacing 60% of its oil consumption with new technologies by 2025.
- Alternative Fuels Americas, an advanced biofuels company, confirmed the extension of offtake agreements for the sale of over 3.7 million gallons of biodiesel, accounting for more than $14 million in potential revenues. The company has signed 4 offtake agreements for (1) two million gallons, (2) one million gallons, (3) 571,000 gallons and (4) 190,000 gallons, respectively. All buyers are based in Costa Rica.
- The Corbett Administration today awarded more than $3 million in Alternative Fuel Incentive Grants to 33 companies, counties and organizations making the switch to compressed natural gas (CNG), liquefied natural gas (LNG), or propane for medium to light-weight fleet vehicles. Abruzzo also announced that the second round of Act 13 Natural Gas Vehicle grants opened on Saturday, Nov. 9, 2013 providing an estimated $11 million to help pay for the incremental purchase and conversion costs of heavy-duty natural gas fleet vehicles weighing more than 14,000 pounds. The Act 13 Natural Gas Vehicle grants are financed by impact fees paid by natural gas operators.
