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Portfolio of northeast U.S. hydropower assets totaling 10.7 MW is now for sale

Portfolio of northeast U.S. hydropower assets totaling 10.7 MW is now for sale
(Photo credit: Seed Media)

London Economics International LLC (LEI), a global consulting firm, announced it is assisting a small hydropower owner with the sale of a portfolio of 7 hydroelectric stations that are geographically coordinated within New York and New Hampshire.

The portfolio has a total capacity of 10.7 MW and collectively produces approximately 31 GWh of renewable energy each year.

LEI said portfolio presents upside potential. The owner has made operational improvements to the portfolio in recent years – including modernization and automation upgrades, as well as unit overhauls – resulting in increased production.

In addition, there is potential for solar development across the asset sites. Several assets benefit from Federal Energy Regulatory Commission (FERC) exemptions, which LEI said will minimize regulatory expenses related to the FERC relicensing process and fees.

Finally, the portfolio has secured long-term, above market power purchase agreements and qualification for Renewable Energy Certificate sales.

LEI asks that interested buyers reach out to Amit Pinjani, Director at LEI, via email at [email protected] for further information.