92.9 F
San Fernando
Monday, Mar 18, 2024

Landfill Gas Project Sold to GE Investing Firm

The energy investing unit of General Electric acquired a majority interest in a Glendale landfill used to produce energy, the company announced. The details of the transaction between GE Energy Financial Services and Scholl Canyon Landfill Gas Corp. were not disclosed. Methane created at the landfill is transported by pipe to the city of Glendale’s Grayson Power Plant, where it is turned into electricity. The acquisition helps GE Energy Financial Services to achieve its goal of investing $4 billion by 2010 into renewable energy, said Kevin Walsh, a managing partner with the firm. The Scholl Canyon Landfill gas project has won awards from the Solid Waste Association of North America and the American Public Works Association.

Featured Articles

Related Articles