Tag Archives: Charlotte Business Journal

Shell companies: Adage and Wiregrass Power LLC

Look through the shell companies like Adage to the real backers. Why is the source of the recent news about Adage biomass plants being cancelled the Charlotte Business Journal? Adage is “An Areva/Duke Energy advanced biopower company.” And Charlotte is where Duke Energy is based.

John Downey concludes his article in the Charlotte Business Journal of 16 March 2011:

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.
Seems like the biomass gold rush is fizzling.

Meanwhile, back in Valdosta, Wiregrass Power LLC, the shell company for the biomass plant, is owned by Sterling Planet, whose founder and chairman Sonny Murphy spoke at the groundbreaking for the Wiregrass Solar LLC plant, another Sterling Planet subsidiary. I’m sure Chairman Murphy is aware that his solar plant is already completed while his biomass plant still has no suppliers of raw materials, goods, or services nor buyers for its electricity. Also, the biomass plant site preparation start date is now 1 June 2011, when, if I’m not mistaken, it used to be January 2011. And at the most recent VLCIA board meeting, the only mention I heard of biomass was by a citizen who spoke against it while the VLCIA’s project manager spoke at some length about the completion of the solar plant. Seems to me building out the solar plant in two directions, like VLCIA discussed at a previous board meeting, would make the most sense at this point. I guess we’ll see what Chairman Murphy does.

-jsq

Adage and Gretna’s mayor

That previous plant in Florida was the one in Gretna, Gadsden County, Florida, cancelled last year, according to John Downey in the Charlotte Business Journal, 16 October 2010. In the Gretna case, the mayor of Gretna posted a press release 16 March 2010 saying:
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.
This is despite promises of jobs, jobs, jobs: Continue reading →

No Adage biomass plant in Hamilton County, Florida

According to Power-Gen Worldwide, Plans for biomass power plant ends:
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.

Why is Adage giving up on Hamilton County, Florida? Christopher Dunagan writes in Kitsap Sun:

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.
Here’s the Florida air permit. Despite having that air permit and promising jobs, jobs, jobs Adage is apparently not going to build in Hamilton, County, Florida.

The source of the many stories on this appears to be Continue reading →