American Renewables Sells Biomass Project

American Renewables LLC has agreed to sell its Nacogdoches Power LLC biomass project, located in Sacul, Texas, to Southern Power. Under the agreement, Southern Power will own, construct and operate the 100-MW biomass facility.

American Renewables will provide Southern Power with consulting and advisory services to help ensure a smooth transition and the successful construction of the project. Groundbreaking is expected in the fall of 2009 and commercial operation is projected for the summer of 2012.

Nacogdoches Power will use a variety of feedstocks including forest residue from the surrounding areas, wood processing residues and clean municipal wood waste, to generate energy. The plant’s output is committed through a 20-year power purchase agreement with Austin Energy. When completed, the project will be one of the largest biomass-fueled electric generating facilities in the U.S.

“We are glad that Southern Power has chosen Nacogdoches Power as its first investment in a dedicated biomass facility. This transaction will ensure the successful construction and operation of the Nacogdoches Power project and includes many economic and environmental benefits for Nacogdoches County and the residents of Austin, TX.” stated Jim Gordon, CEO of American Renewables.

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