The new loan will mature on December 31, 2021, and includes a $130.0 million term loan and a $5.0 million revolving credit facility. The term loan requires a principal payment of $7.5 million on July 15, 2020 and $2.5 million in monthly principal amortization thereafter, with a step up to approximately $3.2 million beginning May 2021. The loan is secured by substantially all of the assets of the partnership.
Green Plains Inc. is a diversified commodity processing business with operations that include corn processing, grain handling and storage and commodity marketing and logistics services. The company is one of the leading corn processors in the world and, through its adjacent businesses, is focused on the production of high-protein feed ingredients. Green Plains owns a 50 pct interest in Green Plains Cattle Company LLC and owns a 49.0 pct limited partner interest and a 2.0 pct general partner interest in Green Plains Partners LP, according to the release. (Source: Source: Green Plains Partners LP; Green Plains Inc., PR, 4 June, 2020) Contact: Green Plains Partners, Phil Boggs , Snr VP Investor Relations and Treasurer , (402) 884.8700, firstname.lastname@example.org
More Low-Carbon Energy News Green Plains Partners news,
In January, BofA reported it achieved carbon neutrality a year ahead of schedule by reducing their location-based emissions by 52 pct since 2010, by purchasing 100 pct of their electricity from renewable sources, and, for unavoidable emissions, purchasing high-quality, third-party verified carbon credits. The bank also plans to transition away from purchasing unbundled renewable energy credits (RECS).
Under its Environmental Business Initiative (EBI), the bank has deployed $145 billion to low-carbon sustainable activities since 2007, with another $300 billion committed to these efforts until 2030. (Source: Bank of America, April, 2020) Contact: Bank of America, www.bankofamerica.com
More Low-Carbon Energy News Bank of America, Climate Change, Carbon Neutral,
The LEED for Cities and Communities program offers participants access to a performance platform, educational tools and professional liaison to support LEED certification, according to the USGBC website.
The grant program, which also receives support from the Bank of America Charitable Foundation, allows county leaders to measure how their sustainability efforts fare both internally and globally. The program provides an award package to communities that have shown commitment in addressing climate change, resilience and social equity.
Each recipient receives an annual silver membership to the Green Building Council; registration and certification review fees in the LEED Cities and Communities program; access to the Arc platform that encourages improvement and benchmarking; and the availability of online educational resources, project management tools and monthly conference calls. (Source: US BC, Daily Herald, 7 Mar., 2020) Contact: Kane County Resource Management, Jessica Mino, Management Coordinator, 630-208-8665, email@example.com, www.county ofkane.org; USGBC LEED for Cities and Communities Program, www.usgbc.org/leed/rating-systems/leed-for-cities, Mahesh Ramanujam, Pres., CEO, (202) 552-1500, www.usgbc.org
More Low-Carbon Energy News USGBC, Energy Efficiency,
The Bank of America Tower's energy efficiency and environmental features include: daylight harvesting technology; a 40 pct parking reduction; tenant metering; EV charging stations; a rainwater-collecting facade system; a green roof and others. (Source: US Green Building Council, Bank of America, new kerala, 18 Aug., 2019)Contact: USGBC, Mahesh Ramanujam, Pres., CEO, (202) 552-1500, www.usgbc.org
More Low-Carbon Energy News US Green Building Council, LEED Certification, Energy Efficiency,
Download the Benchmarking Air Emissions of the 100 Largest Electric Power Producers in the United States report HERE.
(Source: PSEG, CSRWire 28 June, 2019) Contact: PSEG, PSE&G, PSEGPower, www/investor.pseg.com
More Low-Carbon Energy News Carbon Emissions, CO2, Public Service Enterprise Group (PSEG), Carbon Emissions,
In 2018, Bank of America's total sourcing of renewable electricity was 1.8 million MWh -- equivalent of powering 153,000 homes for one year, according to the release.
(Source: Bank of America, PR, June, 2019) Contact: Bank of America, www.corporate-office-headquarters.com/bank-of-america-corporation
More Low-Carbon Energy News Bank of America, Solar,
The Wynn announcement follows on the heels of the Wynn Solar Facility, a new 160-acre solar complex dedicated to generating renewable energy to power the Las Vegas resort. Combined with 103,000 square feet of on-site rooftop solar panels, Wynn Las Vegas is creating and using more than 45 million kilowatt-hours (kWh) of green power annually, which is enough green power to meet 25 percent of the resort's electric load.
Wynn Las Vegas becomes the largest Green Power Partner in the hotel industry in the nation and remains dedicated to increasing sustainable design practices, creating and sourcing renewable energy, energy efficiency and exceeding US Green Building Council LEED Gold Building Certification standards.
The Green Power Partnership aims to increase the use of green energy and advance the green power market. The 1,500-strog partnership -- which counts Microsoft, Intel, Bank of America, Apple, Johnson & Johnson and Starbucks among its members --
voluntarily uses nearly 53 billion kWh of green power annually.
(Source: Wynn Las Vegas, PR, 29 Oct., 2018) Contact: Wynn Las Vegas,
www.wynnlasvegas.com; EPA Green Power Partnership, www.epa.gov/greenpower
More Low-Carbon Energy News EPA Green Power Partnership,
The distinction comes less than five months after the debut of the Wynn Solar Facility, a new 160-acre solar complex solely dedicated to generating renewable energy to power the Las Vegas resort. Combined with 103,000 square feet of on-site rooftop solar panels, Wynn Las Vegas is creating and using more than 45 million kWh of green power annually, which is enough green power to meet 25 pct of the resort's electric load.
Other Green Power Partners,
The Green Power Partnership is a voluntary program that helps increase green power use among U.S. organizations to advance the American market for green power and development of those sources as a way to reduce air pollution and other environmental impacts associated with electricity use. The Partnership has over 1,500 partners -- including Microsoft, Intel, Bank of America, Apple, Johnson & Johnson and Starbucks --
voluntarily using nearly 53 billion kWh of green power per year..
(Source: Wynn Las Vegas, PR, 29 Oct., 2018) Contact: Wynn Las Vegas, Erik Hansen, Chief Sustainability Officer, www.wynnlasvegas.com; EPA Green Power Partnership, www.epa.gov/greenpower
More Low-Carbon Energy News Renewable Energy news, Green Energy news, EPA Green Power Partnership news,
The report notes mCloud's spectrum integration of the cloud, IoT-connected thermostats and AI/machine learning to deliver peak energy efficiency improvements of 20 pct to small and medium size businesses that often avoid the large upfront investments required to integrate conventional energy management systems.
mCloud's zero-upfront subscription model guarantees operational savings for its customers. The report also notes the use of mCloud solutions at Starbucks, Bank of America, Dairy Queen, and Michaels among others.
(Source: Universal-mCloud Corp, PR, Contact: Universal mCloud, Russel McMeekin, President and CEO, (415) 635-3500,
www.mCloudCorp.com; ARC Advisory Group, www.arcweb.com
More Low-Carbon Energy News Energy Management, Energy Efficiency,
The 200 MW Live Oak project is part of the Infinity Renewables portfolio recently acquired by ENGIE North America. Live Oak is scheduled to be online by the end of 2018.
ENGIE North America secured $147 million in construction financing and $155 million in tax equity financing for the project through Bank of America Merrill Lynch, with Rabobank providing a letter of credit.
(Source: ENGIE North America, Online, AP, Aug., 2018) Contact: ENGIE North America, Matt Riley, Senior VP U.S. Wind Development , www.engie-na.com
More Low-Carbon Energy News ENGIE North America , Wind,
The $8.5 million project, which is expected to save $10 million in energy oosts over 10 years,
will be financed through a $4 million, 10-year loan by Bank of America Public Capital Group, among other financing facilities.
(Source: City of Portland, Press Herald, Energy Mgr, 17 Oct., 2017) Contact: City of Portland, www.portlandmaine.gov
More Low-Carbon Energy News LED Street Light, Energy Efficient Light, LEDs D,
The issuance was split into a $750 million , five-year offering that matures on Aug. 10, 2022, and a $500 million ten-year bond offering that matures on Aug. 10, 2027. Both bond issues were widely distributed geographically with 52 pct of the total issuance going to banks, 25 pct to central banks and official institutions, and 23 pct to fund managers.
The transactions were lead-managed by Bank of America Merrill Lynch, Credit Agricole CIB, and J.P. Morgan. A syndicate group was also formed consisting of Citi, HSBC, Morgan Stanley, and TD Securities, according to ADB.
ADB aims to raise between $27 billion to $30 billion from capital markets in 2017. (Source: ADB, GMA, Others, Aug., 2017) Contact: Asian Development Bank, Michael Trainor, Energy Specialist, www.adb.org
More Low-Carbon Energy News ADB, Green Bonds, Asian Development Bank, Green Bond, Climate Change Funding,