On October 14th, 2021, it was announced that BioNorth Energy, a joint partnership between Nexus PMG, the Arrow Group of Companies (Arrow), and the Nak'azdli Development Corporation (NDC), signed a purchase agreement to acquire the Forth St. James Green Energy Project located in Northern British Columbia.
The Forth St. James Green Energy Project is a 40-megawatt biomass power plant. It was shuttered in 2021 with 26 years remaining on an electricity purchase agreement with BC Hydro and an active forestry license. Reviving the project will help the Province transition to a low-carbon economy as part of the CleanBC plan. It will also bring green jobs and clean energy to the area.
"Nexus looks for low-carbon projects where we can use our financial, engineering, and project management expertise for the greater good, locally and globally," Ben Hubbard, Nexus PMG's CEO commented in a press release. "This project will improve the utilization of low-quality bioenergy stands in the Fort St. James region to power local industry, homes, and businesses across the province, while also delivering social, environmental, and economic benefits.”
By merging Arrow’s biomass fiber transportation and supply chain management expertise, NDC’s natural resource and foresty knowledge and relationships, and Nexus PMG’s expertise, BioNorth Energy expects to restart the plant before 2022.
