KIOR, Inc., the Pasadena, Texas-based cellulosic fuels company that filed its IPO prospectus in April 2011, said Thursday it has priced its offering at $15 per share and will offer 10 million shares to the public and another 1.5 million shares to its underwriters as over-allotment options -- bringing the total proceeds to $172.5 million.
Siemens AG (NYSE: SI) said this week its U.S. division Siemens Energy will supply power equipment and long-term service to PacifiCorp’s proposed 637-megawatt (MW) Lake Side 2 combined-cycle gas-fired power plant at Vineyard, Utah, 30 miles south of Salt Lake City. Financial terms of the deal were not disclosed.
Indiana Michigan Power (I&M), an operating company of American Electric Power Company (NYSE: AEP) (market cap $18.46 billion), said Friday it is adding 100 megawatts (MW) of wind power to its generation portfolio as part of a 20-year power purchase agreement (PPA) reached with E.ON Climate and Renewables.
The world’s major stock markets and clean energy indices were mostly down this week as Americans headed into the Memorial Day long weekend. The only exception was the EnergyBoom Biofuel Subindex (E•B Biofuel) which increased 1% for the week.
A consortium of Siemens Energy, a division of German-based Siemens AG (NYSE: SI), and Prysmian Cables & Systems, a division of Italy-based Prysmian SpA (Milan: PRY.MI), has won a $400 million turnkey contract to design, supply and install a HVDC (high-voltage direct-current) link to connect the power supply networks of New Jersey and New York, the companies announced today. Construction has begun and the link is scheduled to come on line in the summer of 2013.
Shares of Tesla Motors, Inc. (NASDAQ: TSLA) (market cap $2.75 billion), a manufacturer of EV vehicles and powertrain components, are up about 1% at mid-day after increasing 8.5% Wednesday on the news the company plans to raise $217 million through a share offering at $26.35 per share. Some of the proceeds will fund development of Tesla’s Model X crossover vehicle.
Calpine Corporatation (NYSE: CPN) said today its subsidiary Calpine Energy Services, L.P., has signed a 10-year power purchase agreement (PPA) to provide 485 megawatts (MW) of power from its Carville Energy Center to Entergy Services, Inc., as agent for Entergy Texas, Inc., beginning in June 2012. The new PPA extends an existing PPA between the two companies. No pricing or other terms were announced.
Agricultural biotechnology company Ceres, Inc., based in Thousand Oaks, California, filed an Initial Public Offering prospectus with the U.S. regulators Monday planning to raise up to $100 million and to list on NASDAQ under the symbol CERE.