Green Plains Renewable Energy, Inc. has announced that it completed the previously-announced acquisition of two ethanol plants, located in Wood River, NE and Fairmont, MN, from Ethanol Holding Company, LLC, an entity composed of the predecessor owners’ lender group. The acquisition increases Green Plains’ production capacity to over one billion gallons of ethanol per year.- Research and Markets has announced the release of “Battery Chargers – Global Strategic Business Report” report. The report analyzes the worldwide markets for Battery Chargers in US$ Million by the following End-Use Segments: Automotive Chargers, Industrial Chargers, Information Technology (IT) Chargers, Telecommunications Chargers, and Consumer Product Chargers. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2010 through 2018. A six-year historic analysis is also provided for these markets.
- Twenty-seven former campaign and administration staffers of Gov. Brown released a letter today urging him to impose a moratorium on fracking in California. The former staffers are calling on Gov. Brown to impose an immediate moratorium on fracking until independent scientific studies prove that fracking for oil in the Monterey Shale will not accelerate climate change, poison California’s water and pollute the air. Gov. Brown signed SB 4 into law, essentially giving oil and gas companies the green light to frack California until 2015.
- SolarCity Corp. has announced that it has completed what is reported to be the first securitization of distributed solar energy assets. SolarCity completed a private placement in the amount of $54,425,000 with an interest rate of 4.80% and a scheduled maturity date of December 2026. SolarCity’s pool of solar contracts received an investment grade rating of BBB+ from Standard & Poor’s. The rating reflects the predictability and quality of the cash flows and the minimal operation and production risk of solar assets. Distributed solar is one of the first new asset classes to achieve an investment grade rating in the asset back securities markets in the past several years.
