Pacific Ethanol announced it completed its merger with Aventine Renewable Energy Holdings, Inc. Per the terms of the definitive merger agreement, Aventine stockholders
received 1.25 shares of Pacific Ethanol common stock for each share of Aventine common stock owned at closing. As a result, Pacific Ethanol issued approximately 17.76 million shares in the merger, resulting in 42.5 million total shares outstanding as of July 1, 2015.- Georgia Power has announced the launch of a new solar sales and installation service for customers beginning July 1. As an unregulated offering, the program will be administered by Georgia Power Energy Services, a business unit more than 20 years old focused on providing turnkey installation of energy efficiency products for customers.
- Alterra Power Corp. and Starwood Energy Group Global, LLC have announced the completion of a $287 million construction loan facility for the 204 MW Shannon wind project. The facility was supplied by affiliates of Citi, Santander Bank, N.A. and the Royal Bank of Canada, and consists of a $212 million loan plus $75 million in various letters of credit. The loan is supported by a $219 million tax equity investment commitment supplied by subsidiaries of Citi and Berkshire Hathaway Energy.
- While China’s installed wind capacity will treble from 115.6 GW in 2014 to an estimated 347.2 GW by 2025, global growth will begin to level off towards the end of the forecast period, with annual installations peaking at 56.8 GW in 2022, says research and consulting firm GlobalData. The company’s latest report states that China’s wind power landscape in 2025 will be dominated by onshore capacity, which will account for 334.7 GW, representing just over 96% of all installations, with offshore wind accounting for a mere 12.4 GW of installed capacity.
