New York, United States [RenewableEnergyWorld.com] AREVA and Duke Energy announced the formation of ADAGE, a joint venture that will be dedicated to the development of green biopower energy solutions for U.S. electricity customers. ADAGE will facilitate the development of biopower plants that will use wood waste to produce electricity.Under the agreement, AREVA will design and build biomass power plants. Duke Energy Generation Services (DEGS), a commercial power business unit of Duke Energy that owns and develops renewable energy, will manage operations. For each project, ADAGE also will negotiate power purchase agreements (PPAs) and fuel contracts, and secure suitable sites.
“This project comes at exactly the right time as Americans face soaring energy prices and look to meet rising electricity demand with green energy sources,” said Duke Energy CEO Jim Rogers. “The ADAGE biopower facilities will respond to our nation’s need for new baseload energy alternatives.”
The U.S. Energy Information Administration (EIA) estimates the total installed capacity of wood biomass power generation to be 6,000 megawatts. EIA and several energy consulting firms predict that this figure may double over the next 10 years.