Greenbelt Resources Corporation has announced that it has entered into a non–exclusive contingent fee agreement with Boundary Stone Partners, to provide financial advisory and banking services to facilitate investment in the company or a company project. As noted by CEO Darren Eng, “Greenbelt Resources is ready to develop its own projects with the right strategic partners.”- Wind, solar, and other renewable energy sources set a series of records for domestic electrical generation during the first quarter of 2016 according to the latest EIA “Electric Power Monthly” report. Net U.S. electrical generation from non-hydro renewables (i.e., biomass, geothermal, solar, wind) increased by 22.9% compared to the first quarter of 2015. Output from conventional hydropower also rose by 6.5%. Combined, generation from all renewable sources increased by 14.60% in January-March 2016 compared to the same period in 2015.
- Renewable Energy Group (REG) has announced the pricing of its offering of $132 million aggregate principal amount of 4.00% convertible senior notes due 2036 in a private placement to qualified institutional buyers pursuant to an exemption from the registration requirements of the Securities Act of 1933. In connection with the offering, REG has granted the initial purchasers an option to purchase up to an additional $20 million aggregate principal amount of Notes on the same terms and conditions. The sale of the Notes is scheduled to close on June 2, 2016, subject to satisfaction of customary closing conditions.
