- CapEx: $900 million
- Jobs: 30-40 new direct, 1,100 construction
- Product: Carbon capture and and sequestration from existing coal-burning power generation plant
- Location: Lena, Rapides Parish / Central Region
- Project overview:
- New carbon capture and sequestration facility will remove and compress 95% or more of the CO2 emitted by the utility’s largest electric generation unit in Louisiana.
- Cleco secured a $9 million congressional appropriation, which Louisiana Economic Development is administering, to help cover the $12 million front-end engineering and design study.
- Cleco plans to raise the $900 million needed to build the facility through tax credits, U.S. Department of Energy grants, and private equity.
- Estimated Completion: 2028
- LED news release: April 11, 2022
Company website: Cleco.com