Date: November 25, 2008
Source: Fortistar
Fortistar Acquires another Landfill Gas to Energy Project
Fortistar is pleased to announce that it has agreed to purchase from a private developer a 3.2 MW landfill gas to energy project being constructed in Trinity Oaks, TX. The acquisition will close in early 2009. Caterpillar Financial Services is providing debt for the construction and acquisition. Tom Gesicki, President of Fortistar Methane Group, said, "This acquisition is a continuation of our plans to expand our landfill gas portfolio."
The White Plains, New York based Fortistar will have interests in sixty green / renewable projects generating the equivalent of over 370 MWs after this acquisition is completed. This makes Fortistar one of the largest owners of landfill gas projects in the country with about 12% of operating landfill gas projects. Mark Comora, President of Fortistar, stated "Fortistar's objective is to significantly increase our renewable/green energy capacity. Win-win relationships with our stakeholders are an important part of achieving this goal."
For more information, contact:
David Comora
FORTISTAR
One North Lexington Avenue
White Plains, New York 10601
Tel. (914) 421-4900
Fax. (914) 421-0052
dcomora@fortistar.com.
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