|Facility Type:||Biomass Bottom Cycle Electrical
|Facility Capacity:||63 MWe (Nominal)|
|Utility Customer:||Progress Energy Florida, Inc.|
|Location:||Ft. Meade, Polk County, Florida|
U.S. EcoGen Polk, LLC (“USEG Polk”) is a special purpose company formed by U.S. EcoGen, LLC (“USEG”) for the purpose of developing, financing, owning and operating a 63 MW biomass bottom-cycle electrical generating facility to be located in Ft. Meade, Polk County, Florida. USEG Polk and Progress Energy Florida, Inc. (“PEF”) executed a 29.5 year Power Purchase Agreement (“PPA”) on March 29, 2011. The PPA received the Florida Public Service Commission's (“FPSC”) approval with a unanimous vote (5-0) on September 20, 2011.
On August 17, 2011, USEG Polk executed an Option Agreement to purchase the 1,163 acre project site in Fort Meade, Polk County, Florida (“Fort Meade Site”). The Fort Meade Site has excellent road and rail access for fuel supply deliveries and is surrounded by competitively priced agricultural lands ideal for growing USEG Polk’s biomass fuel on the USEG Polk Plantation. The Fort Meade Site’s size and remote location serve to mitigate potential noise emissions and visual impacts on the local community. On July 9, 2012, the Florida Department of Environmental Protection issued a final air permit to USEG Polk, which authorizes construction of the Generation Facility. The USEG Polk is expected to secure project financing by the end of 2012 and begin operation in 2015.
USEG Polk will secure land for the purpose of growing eucalyptus trees. USEG Polk will be leasing and purchasing land in close proximity to the USEG Polk Facility. In addition, USEG Polk will also be working closely with local farmers to develop unimproved land for the cultivation of eucalyptus under long term contracts.
USEG Polk will co-locate the Pellet Facility with the Generating Facility on the Ft. Meade site. USEG Polk will be able to take advantage of the efficiency that the combined facilities offer, such as common material handling, transportation, labor, thermal energy and electrical power.
U.S. EcoGen, LLC plans to develop, finance, construct, own, and operate a portfolio of 63 MW biomass-fueled Generating Facilities and 200,000 MT/Yr Pellet Facilities throughout the Southeastern region of the United States. USEG plans to have at least 20 plants in its portfolio by 2025, representing more than 1,000 MWs of electrical power generation and 4 Million MT/Yr of pellet production. USEG currently has four (4) 63 MW/200,000 MT/Yr projects (“Florida Projects”) under advanced stage development. The Florida Projects are currently expected to achieve construction financing, on a serial basis beginning at the end of 2012 and ending in early 2014. Commercial operations for the Florida Projects are expected to be achieved, on a serial basis beginning in 2015 and ending in 2016.