Emera Energy buys 30MW Nova Scotia biomass power plant
Emera Energy, energy company and subsidiary of Emera Inc., has acquired the biomass-fired power plant Brooklyn Power in Nova Scotia, Canada for $25 million (€18.8 million).
The deal, originally announced in December last year, came about following the Nova Scotia government's decision to buy ReNova Scotia Bioenergy (formerly Bowater Mersey Paper Company) from Resolute Forest Products, including the Brooklyn Energy facility.
Emera then bought the Brooklyn Energy plant after its power purchase agreement with Nova Scotia Power was terminated.
'We have followed through on the premier's commitment to keep Brooklyn Power open, knowing this was good for the region, the employees and Nova Scotia's forestry industry,' Graham Steele, economic and rural development and tourism minister was reported to have said.
The deal includes the transfer of all company shares and debt and the potential to access land and property owned by ReNova, including the pier, wharf and waterline. It also includes a commitment to buy steam for the province's bioresource demonstration centre and a fibre supply agreement.
Christopher Clarke, regions of the Queens Municipality mayor was quoted as saying: 'The economy of our region was hit hard by the closure of the Bowater mill, and so I'm very happy Emera Energy will continue to operate Brooklyn Power. The facility keeps local people working and maintains an important player in the forestry sector, which is in transition.'