Seminoles chief executive, Tim Woodbury, says the new contract reflects the cooperatives continued commitment to renewable resources and environmental stewardship.
Biomass is clean, efficient, reliable, and renewable, Woodbury noted, and its price competitive with traditional energy sources, an important factor in holding down the retail cost of electricity.
Southeasts chief executive, Aaron Pepper, said that SRF has taken a unique approach to Florida policymakers calls for development of advanced energy concepts. Instead of relying on unproven technology that hasnt been scaled to production levels, SRF has modeled the facility after well-established processes successfully deployed in places such as Brazil.
We are very pleased to be working with Seminole Electric and thankful to the State of Florida, Governor Crist, Commissioner Bronson, and the Florida Energy and Climate Commission for assisting in developing the States first commercial Advanced Bio-Refinery, he added.
The facility is expected to go into commercial service sometime in late 2011. The new contract gives Seminole the option of purchasing the facilitys output through November, 2036. The parties did not disclose contract terms.