Projects

Our primary business activities are focused on acquiring, developing and operating a growing portfolio of biomass to electricity power generation facilities utilitizing wood waste as the predominant fuel source to generate clean, renewable power. We sell the electrical (and, in some cases, the steam) output from our facilities to local utilities and /or industrial customers.

We seek to rapidly grow our portfolio of renewable energy assets within a five-year period through the acquisition of existing biomass to electricity facilities (both operating and idle), in addition to the development, construction and operation of new facilities. Our current facilities are described below:

Photo courtesy of Salt River Project

• Commercial operations of our Snowflake White Mountain Power (Snowflake) power generation facility commenced June 10, 2008. This 24 MW biomass plant, located near Snowflake, Arizona, burns a combination of wood waste from surrounding forests and local green waste sites along with recycled paper sludge from an adjacent newsprint mill to generate enough electricity to power 24,000 homes.
• In November 2007, we acquired an idle 13 MW biomass plant located in Susanville, California. We currently estimate this plant could be fully operational by early 2009, subject to the prospects and timing associated refurbishing the plant, obtaining various operating and environmental permits, securing necessary fuel sources at a cost-effective rate, entering into a power purchase agreement for the power output of the plant, and other activities necessary to restart and operate the plant.
• In April 2008, we announced the signing of Letters of Intent (LOI's)for the acquisition of an idle 18 MW biomass facility located in Ione, CA and an operating 20 MW biomass facility located in Loyalton, CA.  Completing the acquisitions of these facilities will grow the electrical power generating output of our portfolio of biomass power facilities to 75 MW.

Multiple additional biomass to electricity projects totaling in excess of 1,000 MW of power output have been identified as our targeted growth opportunity and are currently being explored. These opportunities include acquisitions of existing facilities (both operating and idle) as well as new greenfield projects in various locations across North America.