Sep 12, 2011
- Sara Rosner
Investment shop Cate Street Capital has
wrapped a financing package backing its $275 million, 75 MW
wood waste-fired biomass project in Berlin, N.H. EA
Markets is the advisor on the deal that closed last
The financing consists of a $200 million private placement with
remaining costs funded by an undisclosed tax equity investor,
equity from Portsmouth, N.H.-based Cate Street and from another
undisclosed investor. The plant, which was a former paper mill,
has a 20-year power purchase agreement with Public
Service of New Hampshire and a long-term fuel supply
agreement with Richard Carrier Trucking.
Operation is slated for the end of 2013.
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