Hull Street Energy has announced that it has closed on the previously-announced acquisition of nine hydroelectric power facilities in New Hampshire, north-east USA, from Eversource through a special purpose affiliate. The nine facilities have approximately 68 MW of power generation capacity altogether. The plants are located on the Androscoggin, Connecticut, Merrimack, North Branch, and Pemigewasset Rivers.
The New Hampshire hydroelectric portfolio will now be part of Central Rivers Power which owns and operates 14 hydroelectric stations in Massachusetts and New Hampshire, and will be headquartered in Bethesda, Maryland.
The sale of the plants was part of a comprehensive restructuring and rate stabilization settlement agreement between Eversource and the State of New Hampshire in 2015. The transaction was conducted via a competitive auction process administered and overseen by the New Hampshire Public Utilities Commission and executed by J.P. Morgan.
Manatt Phelps and Phillips, LLP and Van Ness Feldman, LLP acted as legal counsel to Hull Street Energy on the transaction.
Gibraltar Industries, Inc. has announced that it has acquired California-based SolarBOS, a privately held provider of electrical balance of systems products for the U.S. solar renewable energy market...
Read moreDiamond Generating Corporation (DGC) has announced substantial investments into two Boston-based firms and the opening of a corporate office to complement the growth of its distributed energy pla...
Read moreAdvanced Power AG has successfully closed a US$1.3 billion financing transaction for the construction of a fully permitted 1,182 MW combined-cycle natural gas electric generating facility located in C...
Read moreRenewable Energy Systems (RES), has been selected by CPS Energy to construct an innovative solar and energy storage project to be located at 9800 W. Commerce in San Antonio, Texas. RES was select...
Read moreXcel Energy has signed a contract with New CF&I, Inc., a steel manufacturer based in Colorado, USA and subsidiary of Evraz, to build a 240 MW solar photovoltaic power plant at the site o...
Read more