VIASPACE Inc. has announced that the comprehensive, independent feasibility study conducted by Pelican SA of the 12 MW biomass power plant and co-located 834 hectare (2,060 acre) Giant King Grass plantation project in Nicaragua has been completed. The feasibility study addresses the technical and economic issues of both the plantation and power plant, including connection to the Nicaraguan power grid. The feasibility study is now being provided on a confidential basis to bankers and potential investors in the project. Energia Reino Verde (Green Kingdom Energy in English) is the special-purpose company formed to own and operate the Nicaragua power plant and plantation.- ET Solar Energy Corp. has announced that it has partnered with TechAccess to co-invest and construct 2 solar power plants totaling 21.5MW in Pind Dadan Khan, Punjab, Pakistan. Acting as the EPC/O&M provider and a minority investor, ET Solar will be offering turnkey solutions including engineering and design, off-shore equipment supply, on-shore civil and electrical construction, project operations and maintenance. The ground-mounted projects, one in 11.5 MW and the other 10 MW, will be built on saline-alkali lands with the grid connection to be completed in the first half of 2016. These projects are within the first 50 MW quota approved in January 2014 by Alternative Energy Development Board, Pakistan, under the country’s Solar PV Tariff Determination. Furthermore, they are also within the first batch of solar projects approved under the upfront tariff regime by National Electric Power Regulatory Authority of Pakistan.
- Pattern Energy Group Inc. has announced that it has closed the previously announced underwritten public offering of its Class A common stock. In total, 12,000,000 shares of its Class A common stock were sold at a price of US $29.25 per share, for total gross proceeds of US $351.00 million. The Company will use the net proceeds from its portion of the offering for working capital and general corporate purposes, which may include one or more acquisition opportunities which the Company is considering and the potential repayment of outstanding indebtedness.
- NEXTracker, Inc., designer and manufacturer of single axis PV trackers, has announced the completion of $25 million in equity and growth capital financing. The funding round, which closed in December, includes investments from SJF Ventures, Tennenbaum Capital Partners and earlier investors Sigma Partners and DBL Investors. NEXTracker provides state-of-the-art solar trackers that maximize system energy output while reducing installation and operating costs, resulting in substantially increased solar project profits.
