Dive Brief:
- White Plains, NY-based Fortistar has acquired two landfill gas (LFG)-to-energy projects, which will expand its landfill gas portfolio 11 megawatts, Digital Journal reported.
- Fortistar acquired both projects from Green Gas Americas. The first acquired project is an 8-megawatt Pioneer Energy project in Pennsylvania that sells power to Constellation Energy. The second project is a 3-megawatt Port Charlotte Energy project in Florida that sells power to Orlando Utilities Commission. Fortistar will now own and operate both projects.
- The $150 million financing for the acquisition will provide "reserves along with an accordion facility to facilitate growth through acquisitions, development and internal investment," according to a press release.
Dive Insight:
"Fortistar has developed, invested in and manages an unparalleled portfolio of successful landfill gas to energy initiatives in the U.S. and Canada," said Mark Comora, president of Fortistar. "Our experienced team and ability to forge strong relationships with partners and local communities has been the formula for this success."
Landfill gas-to-energy projects have been a growing operational trend in the industry. In July, EnviroSolutions announced that it would work with Enerdyne Power Systems to implement a landfill gas-to-energy plant in Ashland, KY. Additionally, Randolph Farms Inc. and Hoosier Energy announced last month that they would partner to construct a 4-megawatt landfill gas-to-energy facility near Modoc, IN.
By constructing and operating landfill gas-to-energy facilities, municipalities and companies alike are increasing sustainable sources of energy and promoting reuse of landfill gasses that are otherwise harmful to the environment.
