Financial terms were not released. Rayonier will supply logging residue, pre-commercial thinnings and other clean, renewable wood fuel.

American Renewables through its project company, Gainesville Renewable Energy Center (GREC), will build, own and operate the plant, that will help meet Gainesville’s energy needs for at least three decades. It will be one of the largest biomass power plants to be built in the US in recent years.

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