Great River buys 584-MW TransCanada‘s hydropower portfolio

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Great River buys 584-MW TransCanada‘s hydropower portfolio

ArcLight Capital Partners has announced that its affiliate, Great River Hydro, has closed the 00acquisition of TransCanada’s New England hydroelectric power portfolio.

With 13 facilities on the Connecticut and Deerfield rivers in Vermont, New Hampshire and Massachusetts, Great River Hydro’s 584 MW renewable power portfolio is the largest conventional hydro system in New England. The portfolio includes the 192 MW Moore facility, the largest conventional hydro station in New England, and 12 other facilities totaling 392 MW.

Based in Boston, Massachusetts, ArcLight has invested over US$3.1 billion in renewable power assets, making it one of the most experienced owners and operators of renewable power in the United States. ArcLight also has over a decade of experience owning and operating hydroelectric power generation facilities in New England, including acquiring and operating 10 hydro facilities along the Penobscot, Union and Androscoggin rivers in Maine.

Great River Hydro is led by Scott Hall, a long-term portfolio executive of ArcLight with over 27 years of experience managing hydroelectric generating facilities and companies in the Northeast. Mr. Hall has been directly responsible for all facets of hydroelectric company operations, including employee management, environmental compliance, facility maintenance and operations, and business development activities. Mr. Hall has also been an active leader in a variety of stakeholder processes that addressed numerous socio-economic issues related to river flows, energy development and natural resource management.

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