Kior Inc., operator of the first U.S. commercial-scale cellulosic biofuel plant, received commitments for $100 million in financing from Khosla Ventures LLC and Gates Ventures LLC to expand production at its Columbus, Mississippi, plant.
India may announce this month an auction of licenses to build solar-power plants after a gap of almost two years, offering developers as much as 3 billion rupees ($48 million) of direct grants for the first time.
Kior Inc., operator of the first U.S. commercial-scale cellulosic biofuel plant, rose the most on record after receiving a $50 million commitment from investor Vinod Khosla to double production capacity at its Columbus, Mississippi, plant.
SunBorne Energy Holdings LLC, backed by billionaire Vinod Khosla, Moser Baer India Ltd., and three other companies asked a regulator to dismiss an attempt by the government of the Indian state of Gujarat to cut the tariff paid for solar power.
Private equity companies and venture capitalists including Draper Fisher Jurvetson and Braemar Energy Ventures reduced renewable-energy investment to the lowest since 2006 as once-promising companies failed or were sold at a loss.