Dive Brief:
- Green Gas Americas Inc. has acquired a Florida landfill gas-to-energy power plant for an undisclosed amount.
- Lime Energy Co. sold the landfill project in order to pay off debt accrued to build the facility.
- Power from the waste-to-energy facility on the Charlotte County landfill site is sold to the Orlando Utilities Commission.
Dive Insight:
At one time, Lime Energy Co. was planning on operating small renewable power offsets and facilities, but has since decided against it. The company made the decision to divest some of its operations when auditing revealed false and misreported revenue over the span of many years.
Green Gas International's portfolio of renewable energy holdings now tops 120 MW of projects, with the addition of the latest purchase. Green Gas Americas, Inc., a subsidiary of Green Gas International, handles drainage, conversion, treatment and management from sources such as landfills and waste water facilities.
