Infinis sells small hydro plant portfolio to Dwy Cymru Welsh Water, H2O Power Limited

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Dwr Cymru Welsh Water is acquiring small hydro plants from Infinis Energy and H2O Power Limited Partnership will acquire the remaining hydropower sites, in deals valued at a total of £20.5 million (US$31.9 million).

The sites acquired by Welsh Water have a total capacity of 14 MW and those acquired by H2O Power have a capacity of 3 MW.

Infinis previously stated it considers its hydro business as non-core given its size, and limited investment has been made in further developing the hydro portfolio. The company plans to use the proceeds of the hydro sale to further develop the growth of its onshore wind portfolio.

The sale to Welsh Water is conditional upon receiving approval from the company’s lenders, and the transaction is anticipated to be complete in February 2015. Disposal of the remaining sites to H2O Power is conditional upon completion of the Welsh Water transaction.

Small hydro plants owned by Infinis are:

-- In England, 690-kW Barton Locks, 1.4-MW Beeston Weir and 500-kW Glenridding

-- In Wales, 410-kW Cwmorthin, 2.98-MW Elan Valley, 1.05-MW Elan Caban Coch, 750-kW Ffestiniog, 4.38-MW Llyn Celyn and 4.6-MW Llyn Brianne

-- In Scotland, 690-kW Duror

Welsh Water is the sixth largest of the 10 regulated water and sewerage companies in England and Wales. The company released “Our Sustainable Future, “ a strategic direction statement, in 2007 that says that by 2035 its customers can expect that the company will have invested in low energy technologies, such as wind turbines and small hydro generation units. “There is … significant potential within our business to develop renewable energy sources – such as from hydro power and methane gas sludge digestion,” the statement says.

H2O Power is investor-owned and has operated hydroelectric generation in Ontario, Canada, since 2007. The company owns and operated eight hydroelectric stations in the country.

For more recent small hydro news in the UK, click here.

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