SOURCE: Industrial Info Resources

December 16, 2009 05:00 ET

Georgia, Carolinas Lead Way in Biomass-Fired Power, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - December 16, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The biomass-fired power sector has exploded in growth recently, as 970 megawatts and $3.5 billion of biomass-fired facilities are scheduled to start construction in the next 24 months. The majority of the capital spending will be at the ReVenture Park Energy Center in Charlotte, North Carolina, at a former Superfund site being developed by Forsite Development Incorporated (Charlotte). The project is expected to cost about $500 million and be fully operational by mid-2012. Another project, the Yellow Pine Energy Center, is being developed near Fort Gaines, Georgia. The developers have a 20-year power purchase agreement with Georgia Power (Atlanta, Georgia), a subsidiary of The Southern Company (NYSE:SO) (Atlanta).

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