15 February 2016 2016 01:37 AM GMT

H2O Power Surges With Acquisition of 31MW Hydroelectric Facilities In PJM Market

H2O Power LP has announced that as part of its ongoing growth strategy, it has acquired a 100% ownership interest in two run-of-river hydroelectric facilities located in Pennsylvania, Allegheny 8 (13.6 MW) and Allegheny 9 (17.9 MW).

The two projects comprise 31.5 MW of baseload nameplate capacity located on the Allegheny River in Armstrong and Indian Counties, Pennsylvania, within the Pennsylvania-Jersey-Maryland power market. The assets are interconnected into the New York Independent System Operator.

H2O acquired the Allegheny 8 & 9 facilities from the Public Sector Pension Investment Board , who had purchased them in May 2015 with the intent to sell them to H2O, its North American hydro platform. The terms of the transaction between H2O and PSP Investments were not disclosed.

“We are delighted with this acquisition, which represents H2O’s first foray into the U.S. market,” said Jim Gartshore, President of H2O. “The Allegheny 8 & 9 facilities are an excellent fit within H2O’s existing portfolio of hydroelectric generating assets. We look forward to leveraging our 24/7 control center and expertise in managing run-of-river hydroelectric facilities to optimize power generation.”

The Allegheny 8 & 9 facilities together generate approximately 200 GWh of clean electricity annually. The capacity and energy generated by the two facilities are sold to New York State Electric & Gas Corporation under a long-term power purchase agreement. In addition, the projects sell Renewable Energy Credits in Maryland as Class I qualified facilities.

H2O owns 10 hydroelectric generating stations housing 52 generators, representing 170 MW of capacity located in Canada and the U.S. H2O is majority-owned by PSP Investments, one of Canada’s largest pension investment managers with over CAD$112 billion in assets under management as at September 30, 2015, and minority-owned by BluEarth Renewables Inc., a Canadian independent renewable power producer that builds, owns and operates wind, run-of-river hydroelectric and solar generation projects across North America.

October 20th 2017
Amazon Launches Biggest Wind Farm Yet, Generating Over 1,000,000 MWh Each Year

Amazon has announced that its largest wind farm yet—Amazon Wind Farm Texas—is now up and running, adding more than 1,000,000 MWh of clean energy to the grid each year. In total, Amazon has launched 18 wind and solar projects across the US, with over 35 more to come. Together, they will generate enough clean energy to power over 330,000 homes annually. The Farm includes more than 100 turbines – each over 300 feet tall with a rotor diameter more than twice the wingspan of a Boeing 787. It is built, owned, and operated by Lincoln Clean Energy (LCE).

October 17th 2017
Grids Integration, Energy Networks Boosted By Distributed Generation Growth

Renewable energy has continued to develop at ever increasing rates, with remarkable growth seen since the start of this decade. The pace of the energy transition is driving innovation and growth in related sectors. For energy networks and grids integrating small gas turbines, micro-turbines, fuel cells, biomass, small hydropower, wind and solar energy; distributed generation installation provides significant solutions in the restructured electricity regime. This is particularly so, where there is a larger uncertainty in demand and supply.

October 16th 2017
Uganda Inaugurates Breakthrough Tororo PV Plant. A Future Model For Africa?

Production has commenced at the Tororo PV power plant; which, with 16 GWh of renewable energy generated annually, will cater for the energy requirements of 35,838 people and help reduce CO2 emissions by 7,200 tons. Overall, $19.6 million was invested to build the 10 MWp plant, with the engagement of several major organisations including KfW and FMO Development Banks, the World Bank and the EU. Attilio Pacifici, EU Ambassador said, “One of the key objectives of this plan is to encourage private sector participation in higher risk investments and we’re happy to demonstrate that Uganda is well positioned to be successful and a good model for replication.”

October 11th 2017
Engie Wins 832 MW Hydropower Plant Orders In Brazil, Strengthens Market Lead

During the auction held recently by the Brazilian Federal Government, ENGIE won concession contracts for two hydropower plants (HPP) for a total amount of around €950m (BRL3.531bn). The Jaguara HPP, located in Rio Grande (between the states of Minas Gerais and São Paulo), with a 424 MW installed capacity and the Miranda HPP, located in Rio Aragui, in Indianápolis (Minas Gerais State), with a 408 MW installed capacity. The concession contracts are signed for a 30-year period. They raise the installed capacity of ENGIE from 10,290 MW to 11,122 MW and reinforce ENGIE’s position as the largest private energy producer in Brazil.


 

   

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