Firm hoping to reboot Great Northern Paper plant linked to site’s last failed investors

In private meetings, the company hoping to reboot the shuttered Great Northern Paper mill property has presented an uncomfortable fact: Its first U.S. investment was through Cate Street Capital, the firm whose revival effort fizzled after two years despite $16 million in state aid.

Recently published regulatory documents and other records shed more light on the leaders of Capergy US, whose subsidiaries lead various businesses that seek to turn Maine’s forests into marketable energy. That includes Stored Solar, which operates two wood-to-energy plants in West Enfield and Jonesboro, subsidized by a $13.4 million taxpayer bailout for two years.


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