ReEnergy Biomass Plant Shuts Down In Maine

ReEnergy has closed down its biomass-fueled 37 megawatt electricity plant in Fort Fairfield, Maine, local media are reporting. Opened over 30 years ago and situated close to the Canadian border, the facility employs 21 people. Its feedstock is, according to ReEnergy’s website, sustainably harvested forest residue material and mill residue. This biomass is used to […]

ReEnergy has closed down its biomass-fueled 37 megawatt electricity plant in Fort Fairfield, Maine, local media are reporting.

Opened over 30 years ago and situated close to the Canadian border, the facility employs 21 people. Its feedstock is, according to ReEnergy’s website, sustainably harvested forest residue material and mill residue. This biomass is used to produce approximately 260,000 net megawatt-hours of electricity per year, enough to power 34,000 homes.

According to local media outlets WAGMTV and Mainebiz, ReEnergy’s director of Communications and Governmental Affairs Sarah Boggess told town officials that the company has been “operating in a very challenging market environment.”

“The operation is not financially viable due to this confluence of circumstances,” she said, according to MaineBiz. WAGMTV reports that some employees from the Fort Fairfield facility will be relocated ReEnergy’s Ashland Facility, also in Maine. One employee will remain working at the site, while the rest will be laid off.

Headquartered in New York, ReEnergy was founded in 2008 by affiliates of energy and power private equity firm Riverstone Holdings, ‘and a senior management team/co-investor team comprised of experienced industry professionals.’ The company owns operates six energy production facilities with a combined capacity to generate 245 megawatts of renewable energy.

Read more on this from Bioenergy Insight: https://www.bioenergy-news.com/display_news/14122/37_megawatt_maine_biomass_plant_shuts_down/

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