A 19.6MW Biomass Power Plant for Sale in the Northeast -.-.-
Overview
The company has remained at the forefront of the local power provision, overseeing the operation of an advanced 19.6MW wood-fired electrical power biomass generation facility. At the heart of the company lies a profound sense of pride in their enduring legacy of empowering the local community. Furthermore, as a baseload electrical generation plant, the facility consistently operates at ornear total capacity, ensuring a dependable and uninterrupted power supply. The power plant provides an important environmentally responsible forest management solution as well as a substantial value chain benefits to the local timber industry. Permitted extension will generate incremental EBITDA of over $4M.
Immediate Growth/Upside:
- Conversion to CHP
- Production of dry chips
- Production of biochar
Plant Overview
Net Capacity: 19.6 MW
Burn Rate: 1.60 tons/MWh
Primary Fuel Type: Whole Tree Chips
2021 Generation: 166,903 MWh
2021 Consumption: 266,069 tons
2022 Generation: 137,184 MWh
2022 Consumption: 229,233 tons
2023 Generation: 160,776 MWh
2023 Consumption: 263,300 tons
PPA Expiry: October 31, 2032
Acquisition: August 2020
Employees: 19
Financials
Gross Revenue:
Projected 2024: $16,600,000
2023: $18,356,578
2022: 15,605,556
EBITDA:
Projected 2024: $3,250,000
2023: $2,293,868
2022: 2,594,007
Investment Highlights
- Permit N° 7C1412 for the waste heat recovery and belt dryer extension project has been issued in October The facility will become a CHP plant in July 2025.
- There is potential for a 45MW solar project on about 30 acres of its
- The Power Plant provides an important environmentally responsible forest management solution, as well as substantial valuechain benefits to local timber
- Strong long term historical fuel relationships with suppliers for over 30 years, and substantial on site – fuel storage.
- The company has a history of safe, strong, and reliable operations.
- PPA extended until October 2032, based on Act 155.
- The facility has the potential to support the development of biofuels and biochar production.
- Highly experienced team.
Currency: USD
Target Price / Revenue: 1.36x
Target Price / EBITDA: 10.9x
