Wisconsin AD project secures financing

By Staff | April 02, 2013

GreenWhey Energy Inc. has secured construction and long-term financing needed to construct and operate a $28 million anaerobic digester facility in Turtle Lake, Wis. Once complete, the facility will process 500,000 gallons per day of waste water from local food companies, generating 3.2 MW of power along with process heat and fertilizer coproducts. Power generated at the facility will be sold to Xcel Energy, while waste heat will be sold back to local factories.

Baker Tilly Capital LLC, a consultant to project developer GreenWhey Energy, has reported the $28 million in investments include senior load financing from Caterpillar Financial Services, New Markets Tax Credit financing from CAP Services Inc., and equity funding from Geo Investors Fund and a federal grant.
Ecolab Inc. is serving as project technology provider and Caterpillar Inc. supplied two engines and generators to the facility. Symbiont Inc. is providing engineering services, while Miron Construction Co. Inc. is general contractor. The project is on schedule to be complete this summer.