A 19.6MW Biomass Power Plant for Sale in the Northeast U.S.A
Overview
The company has remained at the forefront of the local power provision, overseeing the operation of an advanced 19.6MW wood-fired electrical power biomass generation facility. At the heart of the company lies a profound sense of pride in their enduring legacy of empowering the local community. Furthermore, as a baseload electrical generation plant, the facility consistently operates at ornear total capacity, ensuring a dependable and uninterrupted power supply. The power plant provides an important environmentally responsible forest management solution as well as a substantial value chain benefits to the local timber industry. Permitted extension will generate incremental EBITDA of over $4M.
Immediate Growth/Upside:
- Conversion to CHP
- Production of dry chips
- Production of biochar
Plant Overview
Net Capacity: 19.6 MW
Burn Rate: 1.60 tons/MWh
Primary Fuel Type: Whole Tree Chips
2021 Generation: 166,903 MWh
2021 Consumption: 266,069 tons
2022 Generation: 137,184 MWh
2022 Consumption: 229,233 tons
2023 Generation: 160,776 MWh
2023 Consumption: 263,300 tons
PPA Expiry: October 31, 2032
Acquisition: August 2020
Employees: 19
Financials
Gross Revenue:
Projected 2024: $16,600,000
2023: $18,356,578
2022: 15,605,556
EBITDA:
Projected 2024: $3,250,000
2023: $2,293,868
2022: 2,594,007
Investment Highlights
- Permit N° 7C1412 for the waste heat recovery and belt dryer extension project has been issued in October The facility will become a CHP plant in July 2025.
- There is potential for a 4-5MW solar project on about 30 acres of its
- The Power Plant provides an important environmentally responsible forest management solution, as well as substantial valuechain benefits to local timber
- Strong long term historical fuel relationships with suppliers for over 30 years, and substantial on site – fuel storage.
- The company has a history of safe, strong, and reliable operations.
- PPA extended until October 2032, based on Act 155.
- The facility has the potential to support the development of biofuels and biochar production.
- Highly experienced team.
