Greenleaf Power announced the closing of a $100 million growth capital facility, the proceeds of which will be used to fund the continued rapid growth of the company through acquisitions. Babson Capital Management is the agent for the financing institutions under the financing.

“This agreement provides us with an additional $100 million of growth financing capacity at an attractive cost of capital,” said Hugh Smith, president of Greenleaf Power. “We have structured significant flexibility to rapidly deploy this capital into value enhancing acquisition opportunities and look forward to deploying the funds in partnership with the experienced team at Babson Capital.”

Greenleaf Power is a growth company, focused on investing in and developing projects that gather biomass that would otherwise be burned openly or landfilled, and converting it to base load renewable energy.

The Greenleaf team has acquired five biomass facilities, representing approximately 145MW, since its inception. It is a portfolio company of Denham Capital, an energy-focused global private equity firm.