35 MW Coal-Fired Power Plant – Elizabethtown, NC 2018-05-12T02:57:10+00:00

Project Description

Case Study – 35 MW Coal-Fired Power Plant – Elizabethtown, NC

  • A New York private equity fund acquired a portfolio of coal plants from the Enron bankruptcy.
  • Several of the sites were but back in use however Elizabethtown was not.
  • Forsite acquired the plant and provided the seller with a comprehensive environmental risk transfer solution.
  • This included a NC Brownfield agreement and an environmental insurance policy covering known and unknown conditions including off-site generator liability.
  • Forsite was able to identify a biomass developer and subsequently sold the facility.

Project Details

DATE

February 21st, 2016

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