CWC Client Fortistar Announces Commercial Operation of New Landfill Energy Facility in Virginia
Thursday, May 17, 2012
Cooper, White & Cooper LLP acted as counsel representing Fortistar on the power purchase agreement and the ancillary agreements, including the gas purchase and sale, and lease agreements, as well as acted as real estate counsel for its financing. Please refer to the attached link.
Excerpts from January 18, 2012 Press Release:
WHITE PLAINS, New York—January 18 – 4,500 Virginia residents are now receiving cost efficient renewable energy provided from their trash.
FORTISTAR is proud to announce commercial operation of its 6.4 MW Old Dominion landfill gas to energy project – completed in partnership with Republic Services and Old Dominion Electric Cooperative. The facility commenced deliveries of renewable power to ODEC on January 4, 2012.
Beginning with local trash collection, Republic Services employs an integrated municipal solid waste practice at its Old Dominion landfill, putting the resulting landfill gas to beneficial use. A wellfield collects the gas produced and feeds engine-generators that produce renewable electricity. The electricity is then delivered to ODEC who then distributes the power to their customers, Virginia residents. Fortistar built, owns and operates the renewable energy facility.
Lt. Governor Bill Bolling, speaking at an event in November 2011, remarked, “I am delighted to dedicate Central Virginia’s newest landfill-gas-to-energy plant today. This state-of-the-art facility will provide Virginians with improved access to clean energy supply.”
Mark Comora, President of FORTISTAR added, “We support and agree with Virginia’s “All of the Above” renewable energy approach. Energy from landfills is a proven cost effective source of renewable energy – and can be a part of every community’s energy strategy.”
Added Jackson E. Reasor, ODEC President and CEO, “We are especially pleased that ODEC has the opportunity to add the Old Dominion Landfill Energy project to our growing portfolio of renewable power resources. Our goal is to continue to build and diversify our sources of electricity to include both traditional and economically-viable alternative sources of generation to assure that the over one million consumer-members who depend on ODEC’s 11 member electric distribution co-ops throughout the Mid-Atlantic region have the reliable and affordable energy they need now and in the future.”
This will be the third landfill gas to energy project FORTISTAR owns and operates in the state of Virginia, powering over 10,000 residents. It adds to the 14 active projects FORTISTAR owns and operates on Republic Services landfills, and is the first project delivering power to ODEC.
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