Gypsum’s Eagle Valley Clean Energy Biomass Plant, which is located in Colorado in the US, has closed, according to Vail Daily.
On 16 April, Paola Cadau, vice president of operations for wind at facility owner Greenback Capital wrote to Gypsum Town Manager Jeremy Rietmann.
The email stated Greenback Capital had come to the “difficult decision that it is no longer financially viable for us to continue operations.”
It also said Greenbacker Capital intends to “cease operations and file for bankruptcy under Chapter) 7 of the bankruptcy code shortly.”
Greenbacker's acquisition of the plant in 2019 ended a litigation between the town and the original owners Evergreen Clean Energy.
The owners and the town had begun negotiations to acquire property on the north side of the Eagle River for use in open space.
“We’ll watch the bankruptcy proceedings,” Rietmann said, to see if there are any opportunities for the town to acquire the property.
Gypsum biomass plant files for bankruptcy
