Renewable energy financier Cate Street Capital broke ground on the $275 million, 75 MW Burgess BioPower plant in New Hampshire.
The plant will generate power from 750,000 tons of low-grade wood chips per year. Public Service Co. of New Hampshire signed a 20-year power purchase agreement for the output.
Prudential Capital Group provided senior secured debt for the project. The plant is expected to begin operations in 2013.
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