Pacolet Milliken Triples Biomass Portfolio With Georgia Renewable Power Deal
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Greenville – October 07, 2026 -- Pacolet Milliken, LLC has acquired 100% of Georgia Renewable Power (GRP), adding 116 MW of biomass generating capacity across two Georgia plants and roughly tripling the size of its biomass platform. Financing for the deal was provided by Manulife; transaction terms were not disclosed.
Two Georgia biomass plants now sell output to Georgia Power under long-term contracts
GRP owns facilities in Franklin County and Madison County, Georgia, both fueled by woody biomass and classified as renewable power sources under federal and state standards. The plants sell electricity to Georgia Power under long-term power purchase agreements and generate renewable energy credits traded on the open market.