Located in the State of Georgia, historically underserved in the NMTC Program, the Lancaster Energy Partners Project consists of the acquisition and retrofitting of a former coal fired power plant which had closed 10 years ago. The power plant served an adjacent textile mill which had closed due to foreign competition. DVCI’s NMTC investment contributed to bringing the plant, located in severely distressed, low-income community suffering from 21.3% unemployment on a site which was environmentally contaminated, back to life.
When operational, utilizing wood waste as the fuel source, this clean energy plant produces 18 megawatts of electric power. The power serves the surrounding low-income community and is being purchased by local electrical cooperatives, powering 16,000 homes. The wood waste harvested and transported by local companies creates $30 million of economic activity and 60 indirect full-time jobs.