Greenleaf Power finalizes purchase of Quebec plant
Greenleaf Power recently announced it finalized the purchase of the Quebec-based St. Félicien Cogeneration Power Plant from Enel Green Power, Canada. The 21-megawatt (MW) facility was owned and operated by Enel Green Power since it first began operations in 2001. Financial terms of the transaction were not disclosed.
"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 a press release. “St-Félicien Cogénération adds to our portfolio of biomass plants and increases our total renewable energy capacity to more than 145 megawatts.”
Information published to Enel Green Power’s website specifies the plant features an Alstom generator as well as Mitsubishi equipment. The facility takes in waste wood as feedstock and sells power to Hydro-Quebec under a 25-year power purchase agreement. Steam generated at the plant is sold to Alliance Forest Products, where it is utilized by sawmill wood dryers. According to Enel Green Power, the plant cost $63 million to construct.
In a press release, Greenleaf Power noted 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," Smith continued. "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."
Earlier this year, Greenleaf Power announced it had finalized the purchase of the 19 MW Tracy Biomass Power plant in Tracy, Calif., from the U.S. Renewables Group. The facility became Greenleaf Power’s fourth biomass plant in the state. The company owns and operates the 47 MW Desert View plant in Mecca, Calif., the 30 MW Honey Lake plant in Wendel, Calif., and the 28 MW Eel River plant in Scotia, Calif.