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GE financing Delaware waste-to-energy projects

2 November 2006 -- GE is financing construction and supplying equipment for two landfill gas projects in the United States. GE Energy Financial Services will provide a $7.25 million loan for two Delaware landfill gas-to-energy generation projects -- at the Central Facility, a 770-acre landfill in Sandtown, and the Southern Facility, a 570-acre landfill in Georgetown. Construction of the generation projects is scheduled for completion during the fourth quarter of 2006.

GE Energy will provide a total of seven Jenbacher J320 GS gas engines configured as generator sets to both Delaware sites to produce 7.4 MW of electricity. GE said the Jenbacher J320 GS, the largest engine in its category, is highly reliable, with optimized components that ensure a long service life even when using non-pipeline gases such as landfill methane.

The owner of the landfill gas-to-energy projects, Ameresco, Inc., developed, designed, is constructing, and will operate the projects. Ameresco currently operates 10 such plants in North America and has 109 MW (equivalent) of similar renewable energy projects in operation or under development.

Decomposing garbage in landfills produces methane, which is collected and compressed to fuel electric generators. Such projects reduce carbon dioxide emissions in two ways: reducing the use of natural gas as a power source and eliminating the need to flare methane gas at landfills. The Delaware projects will save approximately 40,000 tons a year in greenhouse gas emissions.

Delaware's renewable energy portfolio standard, enacted last July, requires suppliers to use renewable energy to generate at least 10 percent of the electricity they sell in the state by 2019.

The Central and Southern landfills are operated by the Delaware Solid Waste Authority. The electricity produced will be sold to Constellation.




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