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News Articles

Greenleaf buys major biomass plant

Sacramento Business Journal
Tuesday, December 14, 2010
Melanie Turner

Greenleaf Power has reached an agreement to purchase Colmac Energy Inc., one of the largest biomass facilities in the state.

Colmac Energy operates a 47-megawatt facility in Mecca and sells its electrical output to Southern California Edison under a long-term agreement. The plant is fueled primarily by clean diverted wood waste, green waste and agricultural residues.

The transaction is set to close following required regulatory approvals. Financial terms of the deal were not disclosed.

Sacramento-based Greenleaf Power is focused on acquiring and development of power plants fueled by residual biomass feedstock. The Colmac purchase is Greenleaf Power's third this year. Greenleaf bought a 30-megawatt biomass plant in Wendel and a 28-megawatt biomass plant in Scotia.

"The Colmac facility is a significant acquisition for Greenleaf Power," company president Hugh Smith said in a news release.

Greenleaf Power has reached an agreement to purchase Colmac Energy Inc., one of the largest biomass facilities in the state.

Colmac Energy operates a 47-megawatt facility in Mecca and sells its electrical output to Southern California Edison under a long-term agreement. The plant is fueled primarily by clean diverted wood waste, green waste and agricultural residues.

The transaction is set to close following required regulatory approvals. Financial terms of the deal were not disclosed.

Sacramento-based Greenleaf Power is focused on acquiring and development of power plants fueled by residual biomass feedstock. The Colmac purchase is Greenleaf Power's third this year. Greenleaf bought a 30-megawatt biomass plant in Wendel and a 28-megawatt biomass plant in Scotia.

"The Colmac facility is a significant acquisition for Greenleaf Power," company president Hugh Smith said in a news release.

http://www.bizjournals.com/sacramento/news/2010/12/14/greenleaf-buys-major-biomass-plant.html