The proceeds will be used by the company to fund its continued rapid growth through acquisitions.
Under the financing, Babson Capital Management is the agent for the financing institutions.
Since its inception, the company, which is a portfolio company of Denham Capital, a leading energy-focused global private equity firm, has purchased five biomass facilities, representing approximately 145MW.
Greenleaf Power focuses on investing in and developing projects that gather biomass that would either be burned openly or landfilled, and converting it to base load renewable energy.
By performing operational improvements, fuel procurement initiatives and revenue enhancements, the company’s experienced team of clean energy professionals demonstrated capability to complete acquisitions and optimise the profitability, efficiency, and output of its plants.
