NANAIMO, BC, Sept. 19, 2012 /CNW/ - Starting in 2006, armed with a business plan and an apprehension that leadership in policy change will prevail in British Columbia. Cedar Road undertook to utilize biogas energy that was being flared at a Nanaimo Landfill on Cedar Road. Over the last 6 years, the company has quietly been implementing and innovating a modular platform that produces clean renewable energy commercially from smaller biogas host installations.
The success of our newly named Nanaimo Bioenergy Centre has resulted from a willingness of the partners and stakeholders to embrace and manage policy, financial and innovation risk. In 2008 the establishment of the BC Hydro Standing Offer Program positioned Cedar Road to complete a 1.3 MW Phase one, Biogas to electricity facility. Enabled by long-term power purchase predictability for cashflow, a capital investment of 3.8 million dollars was facilitated.
In 2011 began a $2.5 million dollar capital investment in Phase Two which extends the vision to reach our stated commercial biogas utilization objectives through new innovation and the expansion of the mandate of the centre in collaboration.
The implementation of Phase Two is supported and made possible by funding from British Columbia's Innovative Clean Energy Fund (ICE), of a $1 million grant investment.
"Biogas solutions are commercially viable options for reaching renewable energy base load production," says Paul Liddy, Managing Director of Cedar Road Bioenergy, "facilitating this ability to innovate in renewable energy is positioning BC as a leader in the world in biogas utilization, Contributing to environmental, social and community benefits for all British Columbians."
"The investment to further the Bioenergy Centre will extend this innovative project from bioenergy capture and utilization to commercial biogas development. We are very excited to continue to build on this concept and to show the world that biogas capturing is a proven and viable model for small to midsize landfill systems."
With acknowledgement and thanks to all the partners, stakeholders and community in the Regional District of Nanaimo, an official opening and ribbon cutting will take place on October 18th, 2012, as part of a Fall Innovation Workshop (see event notice here).
About Cedar Road Bioenergy Inc.
Owner and operator of the Nanaimo Bioenergy Centre, committed to innovating in waste to energy bioenergy solutions. A member company of the Suncurrent Group, a Canadian private business which has been implementation renewable energy projects and building a better environment in the America's since 1981. www.suncurrent.ca
SOURCE: Suncurrent Group
For further information:
please or a media kit contact;
Office, 250 816 2260 or [email protected]