Boralex Sells Maine Biomass Plants to N.Y. Firm

Summary


Boralex Inc. of Montreal, Quebec, announced Monday it was selling its United States-based biomass electric plants -- including four in Maine -- for $93 million to a New York energy company.

The Maine plants, which convert scrap wood to power, are in Ashland, Fort Fairfield, Livermore Falls and Stratton. The deal also includes a facility in Chateaugay, N.Y., according to a Boralex release.

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Extract


Boralex Sells Maine Biomass Plants to N.Y. Firm

The deal does not include Boralex's plant in Stacyville, which is closed and "will remain permanently ...

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