The Port Talbot Renewable Energy Plant to be built by Prenergy Power in South Wales will use wood chips from sustainable forests located in the U.S., Canada, Eastern Europe, and South America.
The folks from Prenergy feel that harvesting the biomass from sustainable forests will offset the bad green mojo from having it transported by ship from all over the world. On the plus side the plant will displace 3.5 million tonnes of CO2 that would have been spewed out by the older power plants in the area. The $829 million project will also meet 70% of the Welsh renewable energy target for 2010.
In other traveling biomass news, Renegy Holdings, Inc. (NASDAQ: RNGY) announced today that it has executed and closed a definitive Asset Purchase Agreement with a leading forest products and timber company for the acquisition of an idle biomass power plant for $1.3 million that can power as many as 13,000 homes. But in this case, instead of relocating the biomass Renegy is considering relocated the entire plant from its current site in Susanville, California to a more suitable location. The current location would probably have been suitable if all the available biomass in Cali wasn’t getting shipped to Wales.
