Sacramento, Calif. power plant owner Greenleaf Power has finalized its purchase of the Plainfield Renewable Energy Plant in Connecticut.
The Plainfield biomass facility generates 37.5 megawatts of electricity, enough for as many as 280,000 homes, and sells it to Berlin electric utility Eversource Energy.
Greenleaf Power purchased the plant with Boston private equity firm Denham Capital. Financial terms were not disclosed. The proposed deal was first announced in March.
Virginia financier Leidos Holdings acquired the biomass plant through foreclosure in late 2013 after the original owner, New Jersey-based Enova Energy Group, failed to complete construction. Leidos completed the construction, restarted the plant and then sold it to Greenleaf.
