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Scirocco Energy Nails N. Ireland AD Plant Acquisition (Int'l, M&A)
Scirocco Energy
Date: 2021-10-06
In the UK, Scirocco Energy has completed the acquisition of Londonderry-based Greenan Generation Limited (GGL) and its 0.5 MWe anaerobic digestion (AD) plant in Northern Ireland. This is the first acquisition under Scirocco's joint venture with Energy Acquisition Group (EAG) in which Scirocco holds a 50 pct interest.

"The partnership is well-positioned to take advantage of the growing UK biogas market and this initial acquisition can serve as the template for other opportunities that we are screening, given its proven operational status and clear scope to enhance free cash flow and EBITDA margins through a programme of plant optimisation techniques," according to the release. (Source: Scirocco Energy, PR, Website, 1 Oct., 2021) Contact: Scirocco Energy Tom Reynolds, CEO , +44 (0) 20 7466 5000, www.sciroccoenergy.com; EAG, Greenan Generation Limited, Chris Kerr, +44 0 7508 484 334, info@energy-acquisitions.com, www.energy-acquisitions.com

More Low-Carbon Energy News Scirocco Energy ,  anaerobic digestion ,  


Clean Fuel Standard Act Passes in New Mexico Senate (Reg. & Leg.)
Clean Fuel Standard
Date: 2021-03-19
In Santa Fe, the New Mexico State Senate has approved the state's Clean Fuel Standard Act (CFS) requiring a minimum 10 pct decrease in the carbon intensity of transportation fuels below 2018 levels rising to a 28 pct by 2040. The act was originally tabled on 19 Jan, 2021.

Fuel producers and importers could meet the CFS by producing sufficiently low-carbon fuels or by purchasing credits generated from any business in any sector of the state's economy, including the agriculture, chemical, dairy, energy, forestry, manufacturing, mining, oil and gas, waste management and wastewater treatment industries.

Also this month, the New Mexico Clean Fuel Coalition was formed in conjunction with the CFS. Coalition members include: Advanced Biofuels Community Fuels, BIO, the Coalition for Renewable Natural Gas, Darling Ingredients, EcoEngineers, Fulcrum Bioenergy, Gevo, Iogen Corp., LanzaTech, Novozymes, Neste, Oberon Fuels, Poet, Renewable Energy Group, and Velocys. (Source: New Mexico Legislature, PR, Mar., 2021) Contact: New Mexico Clean Fuel Coalition, www.lcfcoalition.com

More Low-Carbon Energy News Clean Fuel Standard,  


NCGA Calling for Low Carbon, High Octane Fuel Standard (Ind Report)
National Corn Growers Association
Date: 2020-04-24
According to the National Corn Growers Association's (NCGA) Mark Palmer, director of renewable fuels, the corn ethanol industry is presently dealing with some major challenges right now but is working on legislation to establish a federal low carbon, high octane fuel standard for automobiles.

A low carbon, high octane standard would allow sales of 20 pct or higher ethanol blends. Palmer says they hope to have legislation introduced in the House by late summer or early fall. (Source: National Corn Growers Association, Brownfield Ag News, 21 April, 2020) Contact: National Corn Growers Assoc., Mark Palmer, Renewable Fuels Dir., (636) 733-9004, (636) 733-9005 -fax, corninfo@ncga.com, www.ncga.com

More Low-Carbon Energy News National Corn Growers Association,  Low-Carbon Fuel,  Coen,  Corn Ethanol,  


Pacifico Energy Launches 2nd Solar Investment Fund (Int'l.)
Pacifico Energy
Date: 2019-12-04
Izumi Garden-based Japanese solar power projects developer Pacifico Energy reports the launch of its second solar investment fund -- Fund II -- which raised ¥29 billion ($264 million) from Japanese institutional investors. The fund will cover five Japanese solar power plants with a combined generating capacity totalling more than 216 MWdc. After acquiring its first 35MW solar plant in Tochigi Prefecture, the fund plans to purchase the remaining four solar plants next year.

In 2017, the company launched its first solar investment fund (Fund I), which raised ¥15.5 billion and covered five Japanese solar power plants totaling 100MWdc. The company also intends to launch new renewable energy funds for developing its own solar projects and external solar assets. (Source: Pacifico Energy, PR, PowerTech, 2 Dec., 2019) Contact: Pacifico Energy, +81 3-4540-7830, www.pacificoenergy.com

More Low-Carbon Energy News Pacifico Energy,  Solar,  


Sistema.bio Secures $11.863Mn for Kenyan Biogas Adoption (Int'l)
Sistema.bio,
Date: 2019-05-20
Kenyan social enterprise firm Sistema.bio, the largest biogas company in Africa, reports it plans to impact 100,000 farmers in Kenya with cook-stove and biodigester technology over the next three years. To that end, the company has closed on a KShs 1.2 billion ($11.863 million) Series A investment round led by international investors ENGIE RDE, EU Electrifi Fund, AlphaMundi, Triodos-Hivos Fund, Dila Capital, EcoEnterprises and other investors.

The move is intended to reduce carbon emissions and promote recycling of waste amongst farmers. Kenya has targeted a 30 pct reduction in carbon emissions by 2030. In 2017 the Sistema.bio Kenya office secured financing from the Kenya Climate Ventures, Factor[e] and the Shell Foundation to start up its Kenyan operations. (Source: Sistema.bio, Soko Directory Team, 18 May, 2019)Contact: Sistema.bio, Alex Eaton, CEO, Co-Founder, http://sistema.bio/ke

More Low-Carbon Energy News Biogas,  Biodigester,  


Macquarie Fund Selling Wind Assets in Italy, France (M&A, Int'l)
Macquarie
Date: 2019-04-15
In Milan, Reuters is reporting a Macquarie-run infrastructure fund managing the Milan-based Renvico S.r.l. wind farm portfolio in Italy and France is selling the Renvico portfolio which could be worth as much as €400 million ($450 million). Non-binding bids are reportedly expected by the end of May. Few etails have not been revealed. (Source: Macquarie, reve, April, 2019: Contact: Renvico S.r.l, +39 02 6787 6911 www.renvicoenergy.com; Macquarie Group, www.macquarie.com

More Low-Carbon Energy News Macquarie,  Wind,  

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