Greenleaf Power, an owner and operator of renewable energy plants, has finalized the purchase of the St-Félicien Cogénération Power Plant located in St-Félicien, Quebec, Canada, about 300 miles north of Montreal.
“The addition of the St-Félicien facility marks Greenleaf Power’s first acquisition outside of the United States and is another step for us on our growth path,” said Hugh Smith, president of Greenleaf Power, in an Oct. 15 statement. “St-Félicien Cogénération adds to our portfolio of biomass plants and increases our total renewable energy capacity to more than 145 megawatts.”
The St-Félicien facility has a net capacity of about 21 MW of electricity. It is capable of providing baseload renewable energy as well as steam which is provided to the adjacent facility. It sells its electrical output to Hydro-Quebec under a long-term agreement.
Greenleaf Power said it is focused on investing in and developing projects that gather biomass that would otherwise be openly burned or landfilled, and converting it to renewable energy.
“Biomass energy is one of the few renewable technologies that provides baseload renewable energy,” said Smith. “While most other renewable sources are intermittent, biomass provides reliable, predictable power under all conditions throughout the year. This project holds great promise in becoming an integral part of St-Félicien’s planned sustainable energy development.”
Greenleaf Power purchased the St-Félicien facility from Enel Green Power, Canada, which has owned and operated the plant since its inception in 2001. Financial terms of the transaction were not disclosed.
With its corporate headquarters located in Sacramento, Calif., Greenleaf Power directly employs over 150 people and supports about 600 full-time positions dedicated to supplying the facilities’ fuel requirements. Greenleaf Power is backed by Denham Capital, a leading global energy-focused private equity firm.
Greenleaf Power said June 3 that it had finalized the purchase of the Tracy Biomass Plant in Tracy, Calif. Tracy Biomass was Greenleaf Power’s fourth California biomass plant. It had already owned and operated the 47-MW Desert View plant in Mecca, the 30-MW Honey Lake plant in Wendel, and 28-MW Eel River plant in Scotia.