Renewable Energy Acquisitions in 2017
Acquisition Volume in Renewable Energy in 2017 by Year
Last 5 years
Actual
Full-year estimate
-
- Buyer
- Drax Biomass
- Target
- Louisiana Pellets
- Seller
- Louisiana Pellets (bankruptcy estate)
- Industry
- Renewable Energy
- Location
- Louisiana, United States
- Type
- Buyout
Drax Biomass submitted the winning auction bid of $35.4 million to acquire Louisiana Pellets, a bankrupt wood-pellet manufacturer based in Urania, Louisiana. The purchase adds a facility with ~450,000 metric tons/year capacity and supports Drax's strategy to more than double pellet production to self-supply 20–30% of Drax Power Station demand and pursue new biomass markets.
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