Company Description:
Renegy Holdings, Inc. (NASDAQ: RNGY) is a renewable energy company focused on acquiring, developing and operating a growing portfolio of biomass to electricity power generation facilities. We are focused on rapidly growing our renewable energy assets with the goal of becoming the leading independent power producer (IPP) of biomass electricity in North America utilizing wood waste as a primary fuel source. Our first project is Snowflake White Mountain Power (Snowflake), a 24 megawatt (MW) biomass plant that is currently in full-scale startup mode near Snowflake, Arizona. This energy facility, which is scheduled to begin operating during the second quarter of 2008, has two long-term power purchase agreements in place with Arizona Public Services (APS) and Salt River Project (SRP), Arizona's two largest electric utilities. Other business activities include an established fuel aggregation and wood products business, which collects and transports forest thinning and woody waste biomass fuel to our power plants, and which sells logs, lumber, shaved wood products and other high value wood by-products to help reduce the cost of fuel for our primary business operations.
Renegy Holdings, Inc. (NASDAQ: RNGY) is a renewable energy company focused on acquiring, developing and operating a growing portfolio of biomass to electricity power generation facilities. We are focused on rapidly growing our renewable energy assets with the goal of becoming the leading independent power producer (IPP) of biomass electricity in North America utilizing wood waste as a primary fuel source. Our first project is Snowflake White Mountain Power (Snowflake), a 24 megawatt (MW) biomass plant that is currently in full-scale startup mode near Snowflake, Arizona. This energy facility, which is scheduled to begin operating during the second quarter of 2008, has two long-term power purchase agreements in place with Arizona Public Services (APS) and Salt River Project (SRP), Arizona's two largest electric utilities. Other business activities include an established fuel aggregation and wood products business, which collects and transports forest thinning and woody waste biomass fuel to our power plants, and which sells logs, lumber, shaved wood products and other high value wood by-products to help reduce the cost of fuel for our primary business operations.