Laidlaw acquires 66MW biomass plant
US Laidlaw Energy Group, through its affiliate Laidlaw Berlin BioPower, has completed the acquisition of the former Fraser Paper pulp mill site in Berlin, New Hampshire.
Laidlaw has been working on the site for the last two years to develop a 66 megawatt biomass-to-energy project. The company has also been working to line-up the requisite financing for the project.
‘The complex history of the facility, which has been an industrial site for over 100 years, along with the many complexities associated with a project of this size and scope added significant time to our acquisition and financing negotiations,’ Michael Bartoszek, Laidlaw Energy's president and CEO, says.
The Berlin Project involves the conversion of the boiler and related equipment into an advanced biomass-to-energy project.
Power from the Berlin Project is expected to be sold to the Public Service Company of New Hampshire (PSNH) under a 20-year power purchase agreement (PPA).
Laidlaw announced in September that it had reached agreement with PSNH on the material terms of the PPA.
The Berlin Project is expected to process close to 700,000 tonnes of clean wood biomass chips a year and is expected to directly employ 40 skilled workers and create or support over 500 indirect jobs associated with wood chip supply and transportation.
Requiring a capital investment of more than US $100 million (€76 million), the 66-MW plant is expected to be among the largest and most environmentally advanced biomass-energy plants in North America.
Laidlaw has been working on the site for the last two years to develop a 66 megawatt biomass-to-energy project. The company has also been working to line-up the requisite financing for the project.
‘The complex history of the facility, which has been an industrial site for over 100 years, along with the many complexities associated with a project of this size and scope added significant time to our acquisition and financing negotiations,’ Michael Bartoszek, Laidlaw Energy's president and CEO, says.
The Berlin Project involves the conversion of the boiler and related equipment into an advanced biomass-to-energy project.
Power from the Berlin Project is expected to be sold to the Public Service Company of New Hampshire (PSNH) under a 20-year power purchase agreement (PPA).
Laidlaw announced in September that it had reached agreement with PSNH on the material terms of the PPA.
The Berlin Project is expected to process close to 700,000 tonnes of clean wood biomass chips a year and is expected to directly employ 40 skilled workers and create or support over 500 indirect jobs associated with wood chip supply and transportation.
Requiring a capital investment of more than US $100 million (€76 million), the 66-MW plant is expected to be among the largest and most environmentally advanced biomass-energy plants in North America.
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