Home / Article

Aemetis Secures $130 Million in Financing Through Expanded County C-PACE Program

Burstable News - Business and Technology News March 19, 2025
By Burstable News Staff
Read Original Article →
Aemetis Secures $130 Million in Financing Through Expanded County C-PACE Program

Summary

Stanislaus County's unanimous approval of an expanded Commercial Property Assessed Clean Energy (C-PACE) program will enable Aemetis to fund significant renewable energy and efficiency projects, potentially transforming the company's sustainable infrastructure development.

Full Article

Renewable energy company Aemetis has gained approval for a $130 million funding initiative through Stanislaus County's expanded Commercial Property Assessed Clean Energy (C-PACE) program. The county's Board of Supervisors unanimously approved the extension, providing Aemetis with a novel financing mechanism for critical green infrastructure projects.

The C-PACE program allows private companies to finance energy efficiency upgrades and renewable energy facilities through municipal bonds, offering extended 30-year terms and unique repayment structures via property tax bills. This approach provides enhanced financial protections and liquidity for lenders, making large-scale sustainable infrastructure investments more attractive.

Aemetis plans to leverage the funding for multiple significant projects, including a mechanical vapor recompression system at its Keyes plant, expanding dairy renewable natural gas production, and developing a sustainable aviation fuel facility in Riverbank. The company will also refinance its recently completed solar generation system and renewable natural gas upgrading hub.

By utilizing the C-PACE program, Aemetis demonstrates an innovative approach to financing green technology infrastructure. The funding mechanism could serve as a model for other companies seeking to invest in renewable energy and energy efficiency projects with long-term financial strategies.

QR Code for Content Provenance

This story is based on an article that was registered on the blockchain. The original source content used for this article is located at NewMediaWire

Article Control ID: 47332