Green Innovations

Developing renewable and clean technology companies in New York

Sunday, November 13, 2011

ReEnergy Holdings LLC to acquire 5 biomass plants in New York and Maine

ReEnergy Holdings LLC, an Albany, New York based company that specializes in converting biomass to energy is in the process of acquiring five plants from Boralex Inc. for $93 million.  The biomass energy-production plants are located in Chateaugay, New York; Fort Fairfield, Maine; Ashland, Maine; Livermore Falls, Maine; and Stratton, Maine.

Pending on due diligence and regulatory approval, the deal is expected to close by the end of the year. The five plants will employ 240 people and generate 240 megawatts of electricity. 

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