– by David Carkhuff, April 11, 2017, Laconia Daily Sun
Indeck Energy’s biomass plant in Alexandria will close April 30, affecting 16 employers and dozens of vendors and wood suppliers. But legislators hope to reverse one trend in energy markets in a bid to end the temporary closure.
Alexandria, a Lakes Region community of about 1,500 residents, is home to the 15-megawatt power plant fueled by biomass, the wood and organic material counted as a source of renewable energy.
“The decision to temporarily close was driven by revenue shortfalls created by the twin drivers of a really poor wholesale energy market and by low renewable energy credit market prices that really made operation of the plant economically unsustainable,” said Richard J. Killion, managing partner with Elevare Communications of Concord, a marketing firm representing Indeck Energy.