Quebec’s Boralex sells US biomass plants
Quebec's Boralex sells US biomass plants
Boralex Inc. announced Monday it was selling its US-based biomass electric plants, including four in Maine, for $ 93 million to a New York energy company.
Nov 8, 2011, Montreal – Boralex Inc. announced Monday it was selling its
US-based biomass electric plants — including four in Maine — for $93
million to a New York energy company.
The Maine plants, which convert scrap wood to power, are in Ashland,
Fort Fairfield, Livermore Falls and Stratton. The deal also includes a
facility in Chateaugay, N.Y., according to a Boralex release.
The deal does not include Boralex’s plant in Stacyville, which is
closed and “will remain permanently shut after the transaction,” Boralex
said in a briefing on the deal.
The power plants are being sold to ReEnergy Holding LLC of Albany, N.Y. ReEnergy operates four similar plants in New York, Connecticut and New Hampshire. See the complete article here.