Pacolet Milliken acquires Georgia Renewable Power and its two biomass power plants
In Georgia, Pacolet Milliken has acquired 100% of Georgia Renewable Power (“GRP”), which owns two biomass power plants in northeast Georgia, one in Franklin County and one in Madison County This acquisition roughly triples the size of Pacolet’s biomass platform. Financing was provided by Manulife. The terms of the transaction were not disclosed.
The Plants have 116 MW of combined generating capacity and sell their output to Georgia Power under long-term power purchase agreements. The Plants are fueled by woody biomass, qualify as a source of renewable power under federal and state standards, and sell renewable energy credits on the open market. Pacolet entered the biomass sector in 2024 with its acquisition of Piedmont Green Power, a 55 MW biomass plant in Barnesville, Georgia.
Category: Fuels
