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Foreclosed Aspen Power plant sold for nearly $5 millionForeclosed Aspen Power plant sold for nearly $5 millionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=150862016-11-02T05:00:00Z2016-11-02T19:00:00Z

​​LUFKIN – The foreclosed Aspen Power biomass plant was sold Tuesday to the lone bidder in an Angelina County court-ordered auction.​

Opened in 2011, the 57-megawatt plant was idle in 2012 during challenging market conditions. Investors to​ok over in 2013 and for a time restarted the plant to try to sell the unit, which closed earlier this year.

A judge in September approved foreclosure. 

Dallas Morning News
NonMSA Texas
Industrial
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