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Greenleaf Power to buy Plainfield Renewable Energy

Staff writer |
Greenleaf Power, an owner and operator of renewable energy power plants, has entered into an agreement to acquire Plainfield Renewable Energy.

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Plainfield Renewable Energy has a net electricity generation capacity of approximately 37.5 megawatts. It is capable of providing baseload renewable energy for as many as 280,000 homes.

The facility, which first became operational in December 2013, uses clean biomass as its fuel and sells its electrical output to Connecticut Light and Power under a long-term offtake agreement.

Greenleaf Power, whose existing facilities are located in California and Canada, 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.

Greenleaf Power is majority owned by Denham Capital, ang energy and resources focused private equity firm.

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