BioNorth Energy to acquire BC biomass project
BioNorth Energy has signed a purchase agreement to acquire the Fort St James Green Energy Project in British Columbia.
BioNorth Energy is a joint venture between the Arrow Group, the Nak’azdli Development Corporation (NDC - arm of Nak’azdli Whu’ten), and low-carbon infrastructure developer, Nexus Program Management Group (Nexus PMG).
The primary asset is a 40 MW biomass power generation facility that started commercial operations in late 2017, under a 30-year electricity purchase agreement (EPA) with BC Hydro. The plant, which has 38 direct employees, ceased operations in June with over 26 years remaining on the EPA.
“We want to get this project back up and running,” said Tim Bell, president of BioNorth Energy.
“We believe we have a solid strategy to address the challenges faced by the previous owners and are ready to invest the effort and resources necessary to recommission the facility and create a flagship clean power generation operation.
“People need jobs; northern communities need economic development; we have a customer for the power, and British Columbians want and need clean energy.”
Utilising forest biomass for bioenergy is a way for the province to meet the energy objectives of its CleanBC plan and transition to a low-carbon economy. The Fort St James project is connected to a 20-year forestry licence to supply fibre to the facility.
Arrow brings expertise in acquiring and producing biomass fibre and providing transport, logistics, and supply chain management. Nak’azdli Whu’ten and NDC provide extensive knowledge of natural resources and forestry and have relationships with other major forest tenure holders in BC. Nexus PMG brings technical and operational knowledge of biomass power facilities, having designed, developed, and commissioned over 1,000 MW of facilities globally.
BioNorth Energy expects to begin generating power at the facility in early 2022.
BioNorth Energy is a joint venture between the Arrow Group, the Nak’azdli Development Corporation (NDC - arm of Nak’azdli Whu’ten), and low-carbon infrastructure developer, Nexus Program Management Group (Nexus PMG).
The primary asset is a 40 MW biomass power generation facility that started commercial operations in late 2017, under a 30-year electricity purchase agreement (EPA) with BC Hydro. The plant, which has 38 direct employees, ceased operations in June with over 26 years remaining on the EPA.
“We want to get this project back up and running,” said Tim Bell, president of BioNorth Energy.
“We believe we have a solid strategy to address the challenges faced by the previous owners and are ready to invest the effort and resources necessary to recommission the facility and create a flagship clean power generation operation.
“People need jobs; northern communities need economic development; we have a customer for the power, and British Columbians want and need clean energy.”
Utilising forest biomass for bioenergy is a way for the province to meet the energy objectives of its CleanBC plan and transition to a low-carbon economy. The Fort St James project is connected to a 20-year forestry licence to supply fibre to the facility.
Arrow brings expertise in acquiring and producing biomass fibre and providing transport, logistics, and supply chain management. Nak’azdli Whu’ten and NDC provide extensive knowledge of natural resources and forestry and have relationships with other major forest tenure holders in BC. Nexus PMG brings technical and operational knowledge of biomass power facilities, having designed, developed, and commissioned over 1,000 MW of facilities globally.
BioNorth Energy expects to begin generating power at the facility in early 2022.
