Green Energy Alert: Covanta Buys Veolia Ops

Solar and wind companies might get the splashy headlines in the renewable energy space, but companies that burn trash to make a living just keep trucking along too.

And today, Covanta(CVA Quote), which operates 38 energy-from-waste facilities, said it reached a deal to buy nearly all of the EfW operations from the North American unit of Veolia Environment(VE Quote).

According to a press release, the Fairfield, New Jersey-based Covanta said it will pay, in all, $450 million in cash for facilities in California, Florida, New York, Pennsylvania and Vancouver. On an annual basis, the seven facilities produce 3 million tons of waste. ...