Greenleaf Power Finalizes Acquisition of St-Félicien Cogénération Power
Plant in Quebec
Acquisition is the Company’s first plant outside the United States
SACRAMENTO, Calif. -- October 15, 2013
Greenleaf Power, an owner and operator of renewable energy power plants,
announced today that it has finalized the purchase of the St-Félicien
Cogénération Power Plant located in St-Félicien, Quebec, Canada, approximately
300 miles north of Montréal.
"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. “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 approximately 21 megawatts of
electricity. It is capable of providing baseload renewable energy for as many
as 23,000 homes as well as steam which is provided to the adjacent facility.
The biomass facility sells its electrical output to Hydro-Quebec under a
Greenleaf Power 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. Greenleaf Power's experienced team of clean energy
professionals has proven its capability to optimize the profitability,
efficiency and output of its plants by undertaking operational improvements,
fuel procurement initiatives and revenue enhancements.
"Biomass energy is one of the few renewable technologies that provides
baseload renewable energy," added 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. We
look forward to working closely with the St-Félicien community."
Greenleaf Power purchased the St-Félicien facility from Enel Green Power,
Canada, which has owned and operated the St-Félicien plant since its inception
in 2001. Financial terms of the transaction were not disclosed.
About Greenleaf Power
Greenleaf Power acquires, develops, owns and operates power projects that
utilize residual biomass as fuel. Greenleaf Power currently owns and operates
more than 145 megawatts of biomass generating assets in North America. With
its corporate headquarters located in Sacramento, Calif. Greenleaf Power
directly employs over 150 people and supports approximately 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. For more information about Greenleaf Power, visit
About Denham Capital
Denham Capital is a leading energy-focused global private equity firm,
advising funds with approximately $7.3 billion of invested and committed
capital. Denham Capital makes direct investments in the energy and resources
sectors, including businesses involving renewable and thermal power
generation, oil and gas, and metals and minerals. From offices in Boston,
Houston, London, São Paulo and Perth, Denham invests globally, with current
investments in Africa, the Middle East, the U.S., Canada, South America,
Australia, Europe and Asia. Denham invests across all stages of the corporate
lifecycle, from exploration and development projects to mature, operating
businesses, and all segments of the capital structure. For more information
about Denham Capital, visit www.denhamcapital.com.
Ross and Associates
Matt Ross, 916-503-2230
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