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.

June 20th 2018
Battery Boom: Wind And Solar Can Generate Half Of Worldwide Electricity By 2050

Coal is to shrink to just 11% of global electricity generation by mid-century, from 38% now, as costs shift heavily in favour of wind, solar and batteries. Wind and solar are set to surge to almost “50 by 50” – 50% of world generation by 2050 due to reductions in cost. “Cheap battery storage means that it becomes increasingly possible to finesse the delivery of electricity from wind and solar so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. The result will be renewables eating up more and more of the existing market for coal, gas and nuclear.”

June 20th 2018
Growth Of Renewables In Peru As Enel Opens Largest Wind Farm In Country

Enel is now Peru’s leading renewable energy generator with around 1.1 GW of installed capacity following the commissioning of Wayra I which, with more than 132 MW, is now Peru’s largest wind farm. Built in approximately a year and comprising 42 wind turbines of 3 MW over each, it’s expected to produce 600 GWh per year; enough to avoid the annual emission of over 285,000 tonnes of CO2 into the atmosphere. The energy generated by the wind farm is being delivered to the Peruvian transmission grid (SEIN) through the Poroma substation. The project is supported by a 20-year energy supply contract with Peru’s Ministry of Energy and Mines.

June 19th 2018
ABB Microgrid In South Australia Strengths Power Grid And Improves Reliability

ABB will supply a microgrid solution to the Energy Storage for Commercial Renewable Integration (ESCRI) project, which will provide a more secure power supply in an area that has high renewable penetration into the grid. The solution will connect an ABB Ability PowerStore 30 megawatt (MW) battery energy storage solution to the Electranet transmission system enabling the value stacking of storage in the regulated energy market, improving power reliability. ABB has installed over 40 such global sites, serving remote communities, islands, utilities and industrial campuses.

December 6th 2017
Renewables Provide 17.8% Of Total US Electricity. Solar Now 2.0% And Wind 6.0%

According to the latest issue of the U.S. Energy Information Administration’s (EIA) “Electric Power Monthly” report, U.S. electrical generation from renewable energy sources (i.e., biomass, geothermal, hydropower, solar – inc. distributed solar, wind) rose by 14.69% during the first three-quarters of 2017 compared to the same period in 2016. Simultaneously, electrical generation by fossil fuels and nuclear power combined declined by 5.41%. Nuclear power and coal both dropped by 1.5%, natural gas (including “other” gas) was down by 10.7%, and oil (i.e., petroleum liquids and petroleum coke) plunged by 17.1%.