* Duke Energy biomass venture suspends operations

A Smart Decision!

“Adage, the joint venture of Duke Energy and Areva, has canceled plans for a biomass plant in Washington state and has suspended plans for any construction in the face of low demand for biomass energy.”

“This week, Adage decided to cancel a $250 million, 55-megawatt biomass plant in Shelton, Wash., it announced in August.”

The company still has a permit to build a 55-megawatt plant in Hamilton County, Fla. But DePonty says there are no plans to start construction. “We are in a holding pattern there, but the permit will expire in June,” he says. The company intends to let it lapse.”

Read more from John Downey of the Charlotte Business Journal at Duke Energy biomass venture suspends operations

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