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.

December 7th 2017
Google Leads The Way In Purchasing Clean Energy; Signs 196 MW PPA With Avangrid

Google has reached power purchasing agreements with Avangrid Renewables for 196 MW of wind power. The agreements cover two wind farms, producing enough energy each year to power 50,000 households. The additional capacity helps Google reach its goal of purchasing enough renewable energy to match its energy use in global operations. Gary Demasi, Google’s director of global infrastructure stated: “with solar and wind declining dramatically in cost and propelling significant employment growth, the transition to clean energy is driving unprecedented economic opportunity and doing so faster than we ever anticipated.”

December 12th 2017
Global Trade In Biofuels Featured At International Renewable Mobility Conference

A significant proportion of global energy use, is in transportation. Action is crucially needed to bring about an energy turnaround in this sector and it’s a topic that has moved higher up the political agenda again since Dieselgate, and with growing calls for a rapid introduction of electromobility. In Germany, the Working Group on Energy Balances (AG Energiebilanzen) has calculated the final energy consumption of 728 TWh by the transport sector in 2016. Data from the German Environment Agency (UBA) reveals that over 90 percent of fuel deployed is derived from mineral oil. World-leading experts meeting in a parallel forum at the 15th International Conference on Renewable Mobility will analyse biofuel trading worldwide, examining various perspectives on requirements, the current state of play and forecasts.

December 12th 2017
Renewable Future Challenges UK And Germany To Build Flexibility In Power Systems

A new economic study highlights that future energy systems in the UK and Germany, with very high levels of variable renewable generation, must be complemented by flexible resources, including energy storage. The study was released by Bloomberg New Energy Finance (BNEF). “This study highlights a seismic shift in how power systems will operate in the future. As wind and solar become the cheapest options for power generation, the race is on to develop and deploy the flexible resources that will complement them,” said Albert Cheung, head of global analysis at Bloomberg New Energy Finance.

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%.


 

   

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