CIP completes acquisition of Swan Lake and Goldendale pumped storage hydro projects

Copenhagen Infrastructure Partners (CIP), on behalf of Copenhagen Infrastructure IV K/S, has acquired ownership of the Swan Lake (Klamath County, Oregon) and Goldendale (Klickitat County, Washington) closed-loop pump storage hydro projects. The projects were previously owned and in development under a joint venture between Rye Development (Rye) and National Grid.

Swan Lake is a 400 MW project that secured its 50-year Federal Energy Regulatory Commission (FERC) license in 2019. Goldendale is a 1,200 MW project that has filed an application with FERC in June of 2020.

Rye will continue to lead the development of the two projects until the start of construction. Rye is the leading developer of new hydropower at existing non-powered dams and closed-loop pumped storage hydro, in North America.