New Hampshire's Clean Power Development And Biomass Unit Of Gestamp, A Global Leader In Renewable Energy, Sign Agreement To Develop, Finance And Operate Projects Across Northeast

Each state within the area covered by this agreement has unique potential based upon the sustainable volume of biomass that should appropriately be utilized for energy production. It is anticipated that the eight-state region will collectively provide as much as 180 megawatts of new biomass potential that can be developed by the Gestamp/Clean Power team through environmentally and socially responsible development of high-efficiency CHP projects. The team's focus will be on building multiple, appropriately scaled projects that use the limited native biomass resources in a distributed way and that maximize synergies with industry and local communities.  Among its objectives will be improving the region's carbon footprint and increasing long-term employment in green-energy production.

The Gestamp/Clean Power's office and core activities will be based in Concord, NH, strengthening the state capital's role as a center of renewable energy development for the Northeast region of the United States.

About Gestamp Biomass

Gestamp Biomass, a subsidiary of Gestamp Corporation, promotes, builds and operates its own plants worldwide and supplies fuel for biomass plants. Its parent company, Gestamp Corporation, headquartered in Spain, is also a leader in steel production and automotive components, with revenue of more than $6 billion in 2009 and over 20,000 employees working in 80 plants across 25 countries, including five factories in the United States. The parent company's Gestamp Renewables division integrates three lines of activity in renewable energies: Gestamp Solar, Gestamp Wind and Gestamp Biomass with activities in more than 10 countries and a fast-growing portfolio of green energy plants all across the United States. Learn more by visiting http://www.gestampbiotermica.com/.

About Clean Power Development

Clean Power Development, LLC is a New Hampshire company that focuses on the development of renewable and sustainable wood-fueled biomass-energy facilities. It is dedicated to the principles of social and environmental responsibility and seeks to establish projects that, by design, help solve the energy and climate challenges that confront our era. Learn more by visiting www.cleanpowerdevelopment.us.

SOURCE Clean Power Development, LLC

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