CPCFA Supports Up to $1.1 Billion Tax-Exempt Financing for Aemetis Projects
CPCFA in California has approved an Initial Resolution allowing for up to $1.1 billion in tax-exempt bonds for Aemetis projects. This financing will support initiatives that aim to enhance renewable energy production and economic growth.
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The Capital Programs & Climate Financing Authority (CPCFA) has adopted an Initial Resolution for Aemetis, Inc., facilitating the potential issuance of up to $1.1 billion in tax-exempt bonds. This resolution enables funding for qualified costs related to Aemetis projects initiated after this date, including the construction of over 40 dairy digesters and biogas pipeline connections in California.
Aemetis operates 12 anaerobic digesters and a biogas-to-RNG production facility, serving more than 50 dairies. The bond issuance, however, is contingent upon allocations from a statewide volume limit, and final approval is pending completion of documentation. This financing may improve Aemetis's financial standing and support its expansion in renewable energy.
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