Sugar Valley Energy secures TerraNova Capital Equities to raise funds for $1B project

In California, Sugar Valley Energy, a new 160-acre bioenergy campus planned in California’s Imperial Valley has added New York-based TerraNova Capital Equities, Inc. to its finance team to lead marketing and placement of equity capital for the $1 billion project.

The 25-year-old investment bank focuses on the small-to-middle market and provides equity and debt solutions to its clients. TerraNova’s renewables focus includes solar, food waste, plastic and battery recycling technologies, and clean energy technologies, with a recent initiative in clean power (solar, geothermal and hydro) data centers.

Sugar Valley Energy (SVE) is now in the final stage of development and is comprised of a sugarcane-to-ethanol production facility, a bioelectric power island and a wastewater treatment facility. SVE’s sustainable energy products will include annual production of 76 million gallons of low-carbon ethanol that can be used for sustainable aviation fuel (SAF) or transportation fuels blending, renewable natural gas (RNG), 42MW of bioelectricity, and local wastewater treatment connections to benefit regional businesses and residents.
The project is expected to support as many as 15,000 jobs during the construction and start-up phases, as well as approximately 2,000 agricultural jobs at full scale feedstock production. The sugarcane feedstock will be directly controlled by SVE through contract arrangements with local Imperial Valley farmers. SVE has developed a robust long-term feedstock program which envisions growers currently producing alfalfa for animal feed export markets switching to sugarcane production.