ReEnergy to acquire another biomass plant

By Anna Austin | March 31, 2011

Waste fuel/biomass energy company ReEnergy Holdings LLC has announced its second proposed biomass power plant acquisition this month, entering into an agreement with Central Hudson Enterprises Corp. for its Lyonsdale Biomass Facility in Lyon Falls, N.Y.

The 22-megawatt (MW) wood-fired cogeneration facility has been operating since 1992. Terms of the agreement, which the companies expect to close in May, are not being disclosed.

Earlier in March, ReEnergy announced that it intends to acquire NewPage Corp.’s cogeneration facility in Rumford, Maine, for $61 million. The companies expect to finalize the agreement in the second quarter of this year.

Aside from the two potential acquisitions, ReEnergy owns and operates two construction and demolition waste and wood processing facilities in southern New Hampshire, as well as a 31-MW tire-to-energy plant in Sterling, Conn.