Business & Real Estate

Sacramento’s Greenleaf Power finalizes Connecticut plant purchase

Sacramento-based Greenleaf Power, an owner and operator of renewable energy power plants, said Monday it has finalized its purchase of the Connecticut-based Plainfield Renewable Energy plant.

Financial details of the acquisition were not disclosed.

In a media release, Greenleaf said Plainfield Renewable Energy has a net electricity generation capacity of about 37.5 megawatts, capable of providing energy for 280,000 homes. The facility became operational in December 2013, using biomass as fuel and selling electrical output to Connecticut Light & Power.

“Plainfield solidifies Greenleaf Power’s presence throughout North America as the leading growth-oriented owner and operator of biomass facilities,” Hugh Smith, president and CEO of Greenleaf, said in a statement.

It is Greenleaf’s sixth acquisition in North America and its second on the East Coast. Greenleaf started in 2010 and employs more than 140.

Greenleaf, which oversees facilities in California and Canada, has developed projects that gather biomass as fuel to produce electricity. Biomass materials include residual wood products from construction and demolition sites, tree pruning and stumps, as well as vines, corn and rice shucks.