Allendale, South Carolina
The Allendale Project is a 20 MW biomass-fired facility located in Allendale, South Carolina that commenced commercial operation in November 2013. Atlantic Power acquired a 100% interest in Allendale from EDF Renewables and became the Project operator in July 2019. There is no project-level debt.
All of the output of the Project is sold to South Carolina Public Service Authority (a state-owned utility, also known as Santee Cooper) under a 30-year PPA that expires on November 18, 2043. The Project receives energy payments for the energy produced. The fuel cost component of the energy payment is based on a biomass market index. Most of the fuel for the plant is from mill and harvesting residues. The surrounding area has substantial and reliable wood supply.
South Carolina Public Service Authority
PPA Expiry: November 2043
S&P Credit Rating: