PHOTO: THE FOREST GUILD
April 3, 2012
BY Luke Geiver
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Enviva Inc. on March 15 announced that the U.S. Bankruptcy Court for the Eastern District of Virginia has approved its previously announced $500 million debtor-in-possession (DIP) financing related to its Chapter 11 bankruptcy filing.
The U.S. Department of Commerce’s International Trade Administration has announced the Renewable Energy and Energy Efficiency Advisory Committee will hold a virtual meeting on March 21.
U.S. wood pellet producer Enviva Inc. on March 12 filed a voluntary Chapter 11 bankruptcy petition with the U.S. Bankruptcy Court for the Eastern District of Virginia in hopes of restructuring its approximately $1 billion in debt.
Renewables are currently expected to account for 24% of U.S. electricity generation in 2024, increasing to 25% in 2025, according to the U.S. Energy Information Administration’s latest Short-Term Energy Outlook, released March 12.
The Government of Ontario is investing $60 million in the Forest Biomass Program, which will make targeted investments in forest sector initiatives to develop the economic potential and environmental benefits of forest biomass.