By Editors of Power Engineering
Convergen Energy has purchased the 20-MW L’Anse Warden Electric Company power plant from the Traxys Power Group.
LWEC is a combined heat and power facility on the shore of Lake Superior in the Upper Peninsula of Michigan. Electricity from the plant is sold under a power agreement, while steam and additional electricity is provided to the CertainTeed roofing plant adjacent to the center.
The purchase price for the plant was not disclosed.
Convergen Energy is a producer of renewable alternative fuels that are used in industrial and municipal boilers as a substitute for coal and other hydrocarbons. The acquisition is part of Convergen Energy's strategic growth plan to enter the renewable power market.