Southeast Renewable Energy Announces New Facility in Allendale County

Nov222010

Investment expected to create 20 new jobs

COLUMBIA, S.C. – November 22, 2010 – The South Carolina Department of Commerce, Allendale County and the SouthernCarolina Alliance today announced that Southeast Renewable Energy will build its new renewable energy facility in Allendale County. The $50 million investment is expected to generate 20 new jobs over the next five years.

Company president and CEO Raine Cotton said that Southeast Renewable Energy is “working diligently to get the last few steps of the project worked out; including permitting, that will allow the project to begin construction in early 2011.”

Southeast Renewable Energy will build a 15-megawatt biomass energy plant in Allendale County that will be fueled using timber residues. The company will sell the green power to Santee Cooper, and the plant is expected to be completed in late 2012. It is expected that the new plant will also create many indirect jobs in the logging, trucking and forest product industries.

“South Carolina continues to see an increasing number of opportunities in both the energy and forestry sectors of our economy, and Southeastern Renewable Energy’s investments utilize our state’s unique skills and resources in these sectors. By fostering a business-friendly climate and focusing on building a skilled workforce, South Carolina is well positioned to attract new investments from companies like Southeastern Renewable Energy and this in turn means job opportunities for workers in our state. We appreciate Southeastern Renewable Energy’s investment and look forward to its success in the state,” said Joe Taylor, Secretary of Commerce.

The company also has plans for a similar plant in Dorchester County. The company has an agreement to sell green power in both cases to Santee Cooper for 30 years.

“We welcome Southeast Renewable Energy to our community, and we appreciate their investment in Allendale County,” said Allendale County Council Chairwoman Theresa Taylor. “We look forward to working with their team and creating the best environment for a successful operation.”

“Southeast Renewable Energy will be an asset to our regional economy, where the alternative energy and forest product industries have played key roles in job creation and capital investment here for many years,” said Danny Black, president and CEO  of the SouthernCarolina Regional Development Alliance. “From our local workforce to our regional industrial community and infrastructure, we believe Southeast Renewable Energy will find our area a perfect fit for this exciting project.”

The company will begin requesting applications for the positions in early 2012.

Southeast Renewable Energy was founded in 2000 and is a growing leader in the biomass energy market. The company’s focus is on developing biomass facilities with strategic partners and helping others navigate the development phase. For more information, please visit www.serenew.com.

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