Rye Development won a hydropower license from the Federal Energy Regulatory Commission for the Kentucky Lock and Dam 11 Hydroelectric Project, which is owned and operated by the Kentucky River Authority.
The project is expected to have a generating capacity of 5 MW. It underwent an extensive evaluation process that included environmental and technical studies and the development of an environmental assessment by FERC staff.
The project is expected to start construction in 2017 and commence operations in 2018.
Rye Development is the manager of FFP New Hydro, which has a portfolio of 23 hydropower development projects with 13 FERC licenses on existing dams in Pennsylvania, West Virginia, Ohio, Mississippi, Kentucky, Indiana and Louisiana totaling over 260 MW. These projects are low impact run-of river hydropower development projects, which will, when constructed, provide clean, renewable power in their host communities for generations to come.