Taylor Biomass Energy breaks ground on biomass plant
The facility is costing $134 million (€100.8 million) to construct, $100 million of which will be financed by a federal loan guarantee. Taylor has also signed a $2.4 million-a-year deal with the Port of Authority of New York and New Jersey which is buying renewable energy credits from the company.
The plant is expected to generate enough electricity to power itself plus 20,000 households. 318 construction jobs will be created while the plant is being erected and 82 permanent positions will be available when operations commence.
However, following an objection to the go-ahead of the project, building work will now take place on a phased basis, which will see sections of the plant progress as details dependent on state permits are finalised. This decision means that Taylor will return to the Town Board for at least three more times before the project is completed.