Greenleaf Power Acquires Biomass Power Plant in Mecca, California

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Client Greenleaf Power ("Greenleaf") recently announced the acquisition of the largest biomass power plant in Southern California, through a 100 percent stock purchase of Colmac Energy, Inc. Located in Mecca, the 47 MW plant burns wood waste, green waste and agricultural residues under low-emission conditions, and supplies electricity to Southern California Edison under a long-term power purchase agreement. Greenleaf is backed by Denham Capital, a leading global energy-focused private equity firm.

"The Colmac facility is a significant acquisition for Greenleaf Power," said Hugh Smith, president of Greenleaf Power. ""It will be a flagship plant for our growing fleet which now totals over 100 MW of capacity – and will provide the critical mass necessary to leverage the synergies that naturally result from the ownership of multiple facilities."

Stoel Rives assisted Greenleaf in the negotiation and drafting of the purchase agreement. David Quinby led the Stoel Rives client team.

Read the Greenleaf press release

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David T. Quinby
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