Pacolet Milliken Strengthens Biomass Operations with Georgia Acquisition

Pacolet Milliken Expands its Biomass Footprint

Pacolet Milliken, LLC, a family-owned investment firm with a strong commitment to sustainability, has officially announced the acquisition of Georgia Renewable Power (GRP). This strategic move marks a significant expansion of Pacolet's biomass operations, effectively tripling the size of its existing biomass platform and significantly enhancing its investment in renewable energy sources.

A Major Acquisition

On October 7, 2026, the announcement came as Pacolet revealed that it acquired 100% of GRP, which operates two biomass power plants located in Northeast Georgia—one in Franklin County and another in Madison County. These plants boast a combined generating capacity of 116 megawatts and operate under long-term power purchase agreements with Georgia Power, providing a reliable and sustainable energy source. The plants utilize woody biomass for fuel, which aligns with both federal and state standards for renewable energy. This positions them as critical assets for Pacolet's ongoing commitment to environmentally friendly energy solutions.

William Crawford, the CEO of Pacolet, expressed his enthusiasm about the acquisition, stating, "This transaction represents a significant next step in growing Pacolet's Power Infrastructure portfolio and meets both our financial and sustainability goals. Franklin and Madison are modern, efficient facilities that complement PGP well." This recent acquisition demonstrates Pacolet's dedication to expanding its renewable energy footprint while also ensuring that their operations positively impact the communities they serve.

Operational Synergies

The addition of GRP to Pacolet's portfolio comes after its previous acquisition of Piedmont Green Power (PGP) in 2024. According to Lance Jordan, Co-Head and Chief Investment Officer of Pacolet Power Infrastructure, operating three facilities within the same state will yield meaningful operational synergies. He emphasized that this acquisition is not only about diversifying their energy sources but also about leveraging existing capabilities for enhanced operational efficiency.

The company is committed to investing in more high-quality renewable energy assets throughout the United States, thus supporting its goal of sustainable growth in the energy sector. The expansion into Georgia with the GRP acquisition is an essential part of this strategy, showcasing Pacolet's proactive approach to energy investments that are aligned with growing environmental concerns and regulations.

A Partnership for Growth

Part of the financial backing for this significant acquisition came from Manulife, illustrating a continued partnership that began with Pacolet’s earlier biomass investment. Both firms view this collaboration as a stepping stone to further advancements in the renewable energy sector. Nicholas Violandi, Managing Director of Power Infrastructure Project Finance at Manulife, remarked on the importance of this partnership in supporting Pacolet's long-term growth objectives, reinforcing a shared vision for sustainable financial success.

Commitment to Excellence

Pacolet Milliken's core ethos revolves around high standards of safety, environmental stewardship, and operational efficiency. The company is resolute in continuing these standards at the new facilities, aiming to operate GRP alongside its existing investments with excellence and responsibility. The commitment to the local communities remains strong, with a focus on ensuring that the plants deliver positive social and environmental impacts.

In conclusion, the growth of Pacolet Milliken’s biomass platform through the acquisition of Georgia Renewable Power is not just a financial maneuver; it reflects a deeper commitment to sustainability, community well-being, and operational excellence. As it continues to build its renewable energy portfolio, Pacolet positions itself not only as a leader in the biomass sector but also as a noteworthy advocate for clean energy in the United States.

For more information about Pacolet Milliken, visit Pacolet Milliken.