Chair Capital invests CA$84M in Power Wood
Analysis based on 7 articles · First reported Aug 04, 2026 · Last updated Aug 04, 2026
The investment provides Power Wood with crucial funding to advance its black pellet production facilities, potentially enhancing its valuation and market position in the biofuel sector. For Chair Capital, the investment aligns with its strategy in energy transition, and the deal may signal confidence in the black pellet market, potentially influencing investor sentiment in the renewable energy industry.
Power Wood Holdings Ltd, a Calgary-based biofuel company, announced on August 4, 2026 that it has agreed terms for an investment of up to CA$84 million from London-based private investment firm Chair Capital Ltd. The funding will support the development of two advanced black pellet production facilities in Northern Alberta, Canada. The first facility, 'Peace River', is planned near La Crete in Mackenzie County, and the second, 'Hay Meadow', near High Level. The investment comprises an initial CA$42 million for the La Crete facility and rail spur, with up to an additional CA$42 million in tranches for the High Level plant, subject to milestones. The investment is based on a CA$700 million equity value for Power Wood, equivalent to CA$4.44 per share. The facilities will have a combined annual output capacity of 700,000 tons, producing steam-treated black pellets from wildfire-damaged deadwood and forest debris. Power Wood has 10-year take-or-pay offtake agreements with multiple Japanese energy companies. The investment reflects growing global investment in energy security and the clean energy transition.
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