Look through the shell companies like Adage to the real backers.
Why is the source of
the recent news about Adage biomass
the Charlotte Business Journal?
Adage is “An Areva/Duke Energy advanced biopower company.”
And Charlotte is where Duke Energy is based.
The joint venture has yet to build a biomass plant anywhere. DePonty
says it is clear that Adage will not achieve the goal announced when
Duke and Areva formed it to build 10 to 12 biomass plants around the
country by 2013.
Mayor Anthony Baker of the City of Gretna announced today that in light
of Adage, LLC’s decision to suspend activity on its proposed Bioenergy
facility slated for construction in Gretna (as well as suspension
of its application for an air permit through the Florida Department
of Environmental Protection) that the City now considers this matter
closed and will take no further action on Adage’s request to locate
this facility in Gretna. Inasmuch as the Bioenergy Plant could neither
legally operate nor be sited in Gretna without an air permit, the City
concluded that this was no longer a viable project and Adage’s decision
to suspend activity on its air permit indicated that further consideration
of the project by the City was unwarranted. Since there were no issues
pending before the City of Gretna requiring action by its Commission
relative to the Plant, the Mayor deemed termination of the project as
final disposition of this matter as far as the City is concerned.
The company still has a permit to build a 55 MW plant in Florida but
there are no plans to start construction and the company is expected to
let the permit lapse in June. Adage ended plans in 2010 to build another
plant in Florida.
Meanwhile, a similar project by Adage in Northern Florida also will not
be pursued at this time, according to DePonty. That project has been
fully permitted and was about to move ahead if only the electricity
market had provided the financial incentive, he said.