Cube Hydro Partners acquires Run-of-the-River Hydropower Facility in Pennsylvania
Cube Hydro Partners, LLC, a portfolio company of the ISQ Global Infrastructure Fund, has acquired a 100 percent ownership interest in York Haven Hydro Station, a run-of-the-river hydropower facility located in York Haven, Pennsylvania.
Totaling 20 megawatts, the facility benefits from favorable hydrology and is expected to produce over 130,000 megawatt-hours of clean electricity per year.
Following this acquisition, the Cube Hydro portfolio owns fourteen plants located in New York, Pennsylvania, Virginia and West Virginia with a combined capacity of more than 126 megawatts and generates nearly 500,000 megawatt-hours annually.
Kristina Johnson, CEO of Cube Hydro said:
“We are excited to expand our presence in the Pennsylvania-New Jersey-Maryland (PJM) market to include York Haven. It is one of the oldest and best run hydropower plants in the U.S. with a long history of generating clean, carbon-free and reliable electricity.”
John Collins, Managing Director of Cube Hydro, added:
“We are thrilled with this new addition, the result of Cube Hydro’s focus on exclusively sourced transactions. York Haven’s proven high capacity factor and availability are an excellent fit for the portfolio.”
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