Aemetis plans US$130 million funding under Stanislaus County C-PACE program
In the United States (US) Aemetis, Inc., a renewable natural gas and renewable fuels company focused on low and negative carbon-intensity renewable fuels, has announced that the Stanislaus County Board of Supervisors in California unanimously approved an extension of the County’s Commercial Property Assessed Clean Energy (C-PACE) program at its March 11, 2025, meeting.
Established by the approval of local governments, C-PACE programs can be used by private industry to finance energy efficiency upgrades and renewable energy facilities.
We appreciate the Board and staff of Stanislaus County for their support of the C-PACE program in Stanislaus County which we expect to help Aemetis fund energy efficiency and renewable energy projects and refinance recently completed projects. The C-PACE program provides longer 30-year terms and repayment through property tax bills so provides a new source of capital for growing our business, stated Eric McAfee, Chairman and CEO of Aemetis.
Stanislaus County’s recent action approves participation in the California Enterprise Development Authority, which allows financing of private projects through state municipal bonds that are free of state taxes to the lenders.
In addition, payments through County property tax bills provide lenders enhanced protections and liquidity, helping raise funds for qualifying projects.
Aemetis renewable energy and energy efficiency projects expected to be eligible for C-PACE financing include the Keyes plant mechanical vapor compression (MVC) system, the expansion of dairy renewable natural gas (RNG) production, and the planned Riverbank Sustainable Aviation Fuel (SAF) plant, as well as refinancing of the recently completed Keyes solar generation system and renewable natural gas upgrading hub.
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