Morgan Stanley Funds Biomass Energy Firm

San Diego-based Bull Moose Energy, a firm that is developing biomass power production plants, said Wednesday that Morgan Stanley has agreed to invest up to $60M in the firm. The funding will go towards financing development of renewable energy plants near urban centers, starting with a plant in San Diego. According to Bull Moose San Diego Gas & Electric has contracted with the firm to supply 20 megawatts of electricity annually. Bull Moose said it will look to generate electricity from green waste such as tree trimmings. More information »