Azure Energy Prepares 1,500 MW Mississippi Power Project for Market
Algorhythm Holdings' subsidiary Azure Energy provided an update on a 1,500 MW combined renewable natural gas and biomass power project in north-central Mississippi, with engineering nearly complete and the site being marketed to co-locating data centers or advanced manufacturing tenants. Azure holds a 10% equity stake in the project and expects roughly $5 million in fee income in 2027 under its current engagement, with a projected $40 million in annual EBITDA at full operation. Alternatively, the project could be sold after final permitting in early 2027 at an estimated value of up to $1.66 billion, implying roughly $166 million in gross proceeds to Azure.
Key figures
- Azure equity stake
- 10%
- Phase1 capacity mw
- 250
- Project capacity mw
- 1500
- Expected 2027 fee income
- $5 million
- Estimated project sale value
- $1.66 billion
- Time to full capacity months
- 54
- Projected annual ebitda to azure
- $40 million
- Estimated gross proceeds to azure
- $166 million
AI analysis
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