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Deep Pennsylvania Pockets

November 1, 2011

BY Lisa Gibson

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Gevo announces sell out of substantially all its 2026 Section 45Z tax credits

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By Gevo Inc.

29 minutes ago

Business Biogas 

Gevo Inc. on Oct. 1 announced sales of substantially all of the Section 45Z tax credits generated by its ethanol and renewable natural gas (RNG) facilities in 2026, totaling $70 million worth of credits.

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Approximately 1.622 million U.S. households are expected to use wood as a primary heating fuel in 2026, down 4% when compared to last year, according to the U.S. Energy Information’s annual Winter Fuels Outlook, released Oct. 6.

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Renewables are expected to account for 26% of U.S. electricity generation in 2026, increasing to nearly 28% in 2027, according to the U.S. Energy Information Administration’s latest Short-Term Energy Outlook, released Oct. 6.

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Pacolet Milliken LLC on Oct. 7 it has acquired 100% of Georgia Renewable Power, which owns two biomass power plants in northeast Georgia, one in Franklin County and one in Madison County. The facilities have a combined generating capacity of 116 MW.

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Greenlane Renewables Inc. on Oct. 6 announced that the company has extended its $20 million standby letter of credit facility to Sept. 30, 2027. The facility is secured by a guarantee from Export Development Canada.

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