Coastal Carolina Clean Power

Kenansville,
NC
(2010)

Coastal Carolina Clean Power

Community, Energy, Manufacturing, Rural

Kenansville was originally developed and constructed as a coal-fired generating facility; new ownership converted the plant to a biomass-fired facility.

Investment

NMTC Amount: $22,000,000
Total Project Cost: $40,000,000

IMPACT

24 FTE jobs
61 construction jobs
100-150 Indirect Jobs

CDEs

AMCREF Community Capital, Rural Development Partners

Investor

Wells Fargo

Project Description

Kenansville was originally developed and constructed as a coal-fired generating facility. New ownership converted the plant to a biomass-fired facility. While previous attempts had been made to operate the facility on biomass fuel, Riverstone and Topaz determined that the plant’s reliability using biomass fuel could only be assured by investing the capital necessary to perform a comprehensive conversion. NMTCs were leveraged to reconstruct the facility to function with biomass feedstock several years sooner than it would have taken to accomplish with internal cash flow.

MAP

Address: 1838 N Mc 11 903 Hwy, Kenansville, NC 28349

Census Tract: 37061090400

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