Atlantic Power completes acquisition of interest in wood-to-energy plants in MI and NC

DEDHAM, MA, Aug. 14, 2019 (PRNewswire) -Atlantic Power Corp. announced today that on August 13, it completed the acquisition of the equity ownership interests held by AltaGas Power Holdings (U.S.) Inc. in the Craven County and Grayling contracted biomass plants.

Craven County Wood Energy is a 48 megawatt (MW) biomass plant in North Carolina that has been in service since October 1990. Atlantic Power acquired a 50% interest from AltaGas; the remaining 50% interest is held by CMS Energy. Craven County has a Power Purchase Agreement (PPA) with Duke Energy Carolinas that runs through December 2027. The plant burns wood waste, ...

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