Renewables developer Cube Hydro Partners LLC has acquire a 100% ownership interest in Pennsylvania's 20-MW York Haven hydropower plant.
The low-head, run-of-river project is located on the Susquehanna River and was owned by York Haven Power Co. The facility includes a 5,000-foot diversion dam that runs north/south and a 3,000-foot headrace to the southeast. The dam was the third largest in the world when completed in 1904.
"We are excited to expand our presence in the Pennsylvania-New Jersey-Maryland market to include York Haven," Cube Hydro CEO Kristina Johnson said. "It is one of the oldest and best-run hydropower plants in the U.S. with a long history of generating clean, carbon-free and reliable electricity."
The acquisition gives Cube Hydro a 14-plant fleet that has a cumulative output capacity of more than 126 MW.
"We are thrilled with this new addition, the result of Cube Hydro's focus on exclusively sourced transactions," Cube Hydro managing director John Collins said. "York Haven's proven high capacity factor and availability are an excellent fir for the portfolio."
HydroWorld.com last reported on Cube Hydro in October, when the I Squared Capital portfolio company closed the issuance of $140 million in senior secured notes.
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