Greenhunter Energy Subsidiary Announces Acquisition of Biomass Power Plant in Florida

Grapevine, USA - Greenhunter Renewable Power, LLC, a wholly-owned subsidiary of GreenHunter Energy, Inc. announced the closing of an acquisition of an existing 14 MW wood waste-fired biomass power plant located in Telogia, Florida.

The biomass power plant, Telogia Power, LLC, and an associated entity, Telogia Power Unit #2, LLC, were acquired from CQ BioPower Producers, a subsidiary of CQ, Inc., a privately-held power plant operator based out of Blairsville, Pennsylvania.

The acquisition of Telogia Power, LLC, which includes approximately 125 acres of associated land, is a continuation of our power group

Source: IWR Online, 08 Sep 2008