Emera buys Brooklyn Energy from Nova Scotia

Emera (TSX:EMA) said Dec. 10 that it has agreed to buy a 30-MW biomass power and co-generation project from the government of Nova Scotia.

Brooklyn Energy is a 30-MW nameplate facility that produces 173,000 MWH per year, Emera said in a news release. The plant has a long-term power purchase agreement (PPA) with Nova Scotia Power. As part of the C$25m transaction, Brooklyn Energy’s 22 full and part-time employees will continue to operate the facility, according to a news release.

Emera will continue to source fuel for the facility from local suppliers around Brooklyn, N.S. This will provide a market for biomass over the long term.

To ensure availability of wood waste residue for use in the plant, the Province of Nova Scotia has agreed to work with Crown Forest licensees on fiber supply and to provide a supply of wood fiber from Crown lands should it be required.

“Brooklyn Energy and its employees are an important addition to Emera’s energy generation portfolio because they produce electricity in accordance with our strategy to generate clean, renewable energy for our customers,” said Chris Huskilson, President and CEO of Emera. “The plant will continue to generate clean energy for Nova Scotians and provide a long-term market for local biomass suppliers.”

Emera Inc. is an energy and services company with $7.4bn in assets and 2011 revenues of $2.1bn. The company invests in electricity generation, transmission and distribution, as well as gas transmission and utility energy services.

Emera is also working with a National Grid plc subsidiary to develop the Northeast Energy Link, a transmission line to deliver renewable energy from northern and eastern Maine and eastern Canada into southern New England.

About Wayne Barber 4201 Articles
Wayne Barber, Chief Analyst for the GenerationHub, has been covering power generation, energy and natural resources issues at national publications for more than 20 years. Prior to joining PennWell he was editor of Generation Markets Week at SNL Financial for nine years. He has also worked as a business journalist at both McGraw-Hill and Financial Times Energy. Wayne also worked as a newspaper reporter for several years. During his career has visited nuclear reactors and coal mines as well as coal and natural gas power plants. Wayne can be reached at wayneb@pennwell.com.