Nov 22 2010
Greenleaf Power, a newly formed biomass power plants owning and operating company, declared that it has bought a 28 MW biomass power plant located in Scotia. The company did not divulge the financial agreements of the transaction.
The biomass plant, which is continuing its operations from 1988, utilize residuals of mills and other biomass products to generate heat and power for distributing it to the residents of Scotia and a saw mill located closely. The plant situated over the northern coast of California known for its rich timber potentials gets its fuel from sources such as forest thinning, green-waste sites, logging slash, land-fill diversions and mill residuals. The biomass power plant has signed a long-term power accord with Pacific Gas and Electric to sell the electricity produced. Currently, a team of qualified clean energy professionals from Greenleaf are performing improvements in the plants functioning and power production capability and other related steps such as fuel supply and revenue generation.
Hugh Smith, Greenleaf Power’s President, said that his company visualizes a good growth for biomass energy. He added that his company utilizes a business model that identifies the power plants in close proximity to continuous supply of biomass and improve the efficiency of the plants for increased power production. He said that his company is on the lookout for more such opportunities to replicate the purchase model in buying such plants.