Vision for turnaround of wood-fired plant in West Enfield takes a hit

A potential investor in a wood-fired power plant in West Enfield has withdrawn its request to have the state guarantee a $5 million loan amid allegations that the plant’s owner owes hundreds of thousands of dollars in unpaid bills and taxes.

The action is a setback for Stored Solar LLC, which has been trying to make its mostly idle plant profitable by locating a shrimp farm and greenhouses on the property, part of an innovative vision of how to revive Maine’s struggling forest-products industry. But those plans are burdened by allegations that Stored Solar owes an estimated $500,000 to wood suppliers and contractors, and has failed to pay last year’s $90,000 tax bill in Jonesboro, where it owns a second power plant that has rarely operated this year.


Speak Your Mind


This site uses Akismet to reduce spam. Learn how your comment data is processed.