Articles

ADAGE Announces Proposed Gadsden County Biopower Facility

- Posted: 12/09/09
City of Gretna, Gadsden County, regional and state officials, along with key Gadsden County business leaders and representatives from the media, were invited to attend an announcement at the City of Gretna on Wednesday, December 9 as the Gadsden County Chamber of Commerce and the City of Gretna declared the proposed placement of a clean, biopower facility in the Gretna area. The ADAGE LLC facility will generate green electricity for Florida by using bioenergy technology.

ADAGE is a joint venture between AREVA and Duke Energy created to provide, clean biopower energy solutions to electricity customers such as utilities and municipality electric companies in the United States. It is the first biopower partnership in the United State between major energy companies. The Gretna site is the second proposed Florida location in a series of fifty megawatt plants in the United States that will use clean wood excess as a fuel to produce electricity. ADAGE announced its partnership with Hamilton County on May 27, 2009.

The United States Department of Energy (www.energy.gov) states "bioenergy technologies use renewable biomass [plants and plant-derived materials] resources to produce an array of energy related products including electricity. Biomass offers America a tremendous opportunity to use domestic and sustainable resources to provide its fuel, power, and chemical needs." The ADAGE renewable energy facility in Gretna will use wood and excess products [i.e. tree limbs] from pine trees which are readily accessible throughout Gadsden County and the surrounding area. Biopower is a sustainable, natural resource that will create a long term positive economic impact for Gadsden County by providing local investment opportunities and hundreds of green jobs.

"The people of Gretna share ADAGE's vision for creating new economic development opportunities through 21st century clean energy technology," said Gretna Mayor Anthony J. Baker.

"During these challenging economic times, it is critical to Gadsden County that we have a positive, credible, forward-looking and sustainable partner in renewable energy," stated David Gardner, the executive director of the Chamber. "We are excited about the opportunities ADAGE presents to our county and our workforce, and we are pleased to support this facility and the economic development it will provide."

This project will initially produce approximately 400 jobs during the proposed thirty month building process as early as mid-2010. Twenty-four high paying positions will be added for plant operations. ADAGE forecasts an additional 100 new jobs in wood fuel production and transportation. ADAGE estimates the direct local financial impact to be a capital investment over $250 million, millions of dollars of increased property tax revenue to city and county governments and over $20 million per year in wood fuel purchases, payroll and local services.

"We are excited to have the opportunity to partner with the innovative community here in Gadsden County as ADAGE continues to work to build a biopower industry in Florida that will deliver both clean energy and new economic development to the State," said Reed Wills, the president of ADAGE. "ADAGE is working hard to deliver new job opportunities through renewable energy to Florida in 2010."

The construction of this state-of-the-art facility will be undertaken by AREVA, Inc. which has an extensive background designing and building over 100 bioenergy facilities in Europe, Asia and South America. AREVA is a global energy company headquartered in Bethesda, Maryland. Site operations will be handled by Duke Energy Generation Services which is a Duke Energy business unit that owns and develops renewable energy. Duke Energy, one of the largest electric power companies in the United States, is a Fortune 500 company with assets over $43 billion based in Charlotte, North Carolina and traded on the New York Stock Exchange (DUK).

"We look forward to working closely with ADAGE to ensure green-tech jobs and maximize the project's countywide and regional economic impact," said Commissioner Eugene Lamb, the chairman of the Gadsden County Board of County Commissioners.

Community participation and support is encouraged by ADAGE as the company seeks to educate the public and government representatives about the renewable energy process as it relates to Gadsden County and Florida. In past months, ADAGE has negotiated with a local landowner for the project site, initiated a transmission interconnect study with Talquin Electric Cooperative discussed long term wood fuel supply with local landowners and discussed renewable energy sales with Florida electric utility companies. ADAGE aims to produce clean air energy for all, protect the planet and act responsibly towards future generations.

AREVA
As the leading U.S. nuclear vendor and a key player in the electricity transmission and distribution sector, AREVA Inc.'s 6,000 U.S. energy employees are committed to serving the nation and paving the way for the future of the electricity market. With 45 locations across the nation and nearly $2 billion in energy revenues in 2008, AREVA Inc., through its subsidiaries, combines U.S. leadership, access to worldwide expertise and a proven track record of performance. In the U.S. and in more than 100 countries around the world, AREVA is engaged in the 21st century's greatest challenges: making energy available to all, protecting the planet, and acting responsibly toward future generations. AREVA Inc. is headquartered in Bethesda, Maryland. Additional information is available at us.areva.com.

Duke Energy
Duke Energy, one of the largest electric power companies in the United States, supplies and delivers electricity to approximately 4 million U.S. customers in its regulated jurisdictions. The company has approximately 35,000 megawatts of electric generating capacity in the Midwest and the Carolinas, and natural gas distribution services in Ohio and Kentucky. In addition, Duke Energy has more than 4,000 megawatts of electric generation in Latin America, and is a joint-venture partner in a U.S. real estate company.

Headquartered in Charlotte, N.C., Duke Energy is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available online at www.duke-energy.com.


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