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ReEnergy closes 37-MW biomass power plant in Maine - report

The Fort Fairfield biomass plant in Maine. Source: ReEnergy Holdings LLC

November 19 (Renewables Now) - New York-based biomass plants operator ReEnergy Holdings LLC has shut down its 37-MW power facility in Fort Fairfield, Maine, a company representative told The County.

The newspaper last week quoted communications director Sarah Boggess as saying that, due to the very challenging market environment, operating this plant is not deemed financially viable. She has added that one employee will remain at the site, while others may be relocated to the company’s 39-MW Ashland facility, which is currently offline but is expected to restart operations in early December. The rest of the employees will be axed next month.

The Fort Fairfield plant opened in 1987 and was bought by ReEnergy in December 2011. It has the capacity to generate some 260,000 MWh of electricity per year using forest and mill residue.

Boggess has further noted that the company could sell the equipment at the site, though a final decision has not yet been made.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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