PINELANDS BIOMASS

Development and sale

Development of all aspects of two 20 MW wood fired biomass units including negotiation of PPAs with Santee Cooper for full take or pay offtake.
PPA included innovative fuel cost pass-through mechanism linked to forest to market index.
Negotiation of design build agreements with Summit Industrial Construction and related equipment supply agreements with Factory Sales Engineering and General Electric.
Negotiation of sale of project to EDF.
Commercial operation in November 2013.