Ara Partners buys Earth Energy Renewables
Earth Energy Renewables (EER) has been acquired by Ara Partners, a global private equity firm focused on industrial decarbonization, as a result of a §363 sale process out of chapter 11 in the U.S. Bankruptcy Court. Eric B. Terry was the Subchapter V Operating Trustee for the Estate on the transaction.
EER is a pre-revenue biomass company that creates high-value green alternatives to petroleum-based products. The company produces high yields of very pure, bio-based carboxylic acids from sustainable organic wastes such as food waste and other negative-cost wastes.
CohnReznick Capital acted as the exclusive Investment Banker, Macco Restructuring Group acted as Financial Advisors and Chamberlain Hrdlicka in Houston acted as counsel to the Trustee.
Country updates
-
-
October 18, 2021
Pattern Energy completes 83 MWac Phoenix Solar Project in Fannin County
Pattern Energy Group LP has completed construction and begun operations at its 83 MWac Phoenix Solar Project located in Fannin County, Texas. Phoenix Solar utilizes First Solar Series 6 modules and N...
Read more -
October 15, 2021
Clenera, Wolverine seal PPA for 150 MW Gemstone Solar project in Cass County
Clēnera and Wolverine Power Cooperative have signed a 20-year Power Purchase Agreement (PPA) between Wolverine and Clēnera’s affiliate, Gemstone Solar LLC. The 150 MW Gemstone Solar project is...
Read more -
October 15, 2021
Two major transmission projects set to power to New York City
New York State Energy Research and Development Authority (NYSERDA) has selected two big green energy infrastructure projects to bring clean power to New York City from wind, solar and hydropower proje...
Read more -
October 14, 2021
Georgia Power secures approval for 65 MW battery energy storage project near Columbus
US utility Georgia Power, a unit of Southern Company, has secured approval for the development of a 65 MW/260 MWh battery energy storage system (BESS) project near Columbus, USA. Named as&n...
Read more -
October 14, 2021
BOEM to review 1.5 GW offshore wind project in USA
Bureau of Ocean Energy Management has started to prepare an environmental assessment for the 1510 MW offshore wind project in New Jersey, USA.
Read more
