New York-based ReEnergy will restart power generation at its 39MW biomass power plant by the end of this year. The plant is located in Ashland, Maine.
The move reflects "an increased need for electric grid stability in northern Maine, availability of transmission capacity, a growing need for a local outlet for mill and forest residues, and energy market changes", the company said.
ReEnergy had said it would be required to "rebuild fuel supply chains and re-tune equipment".
It acquired the Ashland plant in 2011, as part of a deal with Canada-based Boralex Industries. The $93mn deal also included three additional operational biomass plants in Maine — the 36MW Fort Fairfield, the 40MW Livermore Falls and the 50MW Stratton plant — taking the company's total capacity across nine power plants to 325MW.
ReEnergy's facilities are all fired by locally sourced forest residues. The company has Sustainable Forestry Initiative (SFI) certification for its operating facilities and will imminently seek SFI certification for Ashland.
crc-ms
Send comments to feedback@argusmedia.com
If you would like to review other ArgusMedia.com content options, request more information about Argus' energy news, data and analysis services.
Copyright © 2014 Argus Media Ltd - www.ArgusMedia.com - All rights reserved.
