CC&L adds financing for B.C.'s 12-MW Hunter Creek small hydro plant

British Columbia Locator Map

Infrastructure investment firm Connor, Clark & Lunn has announced it will help finance the 12-MW Hunter Creek hydroelectric project near Hope, British Columbia.

CC&L did not disclose the specific amount invested into Hunter Creek, though the Toronto-based group did say it had also closed about US$24.6 million in long-term debt financing with its partner, WindRiver Power Corp., to develop the plant.

Energy generated by the run-of-river facility will be sold to the British Columbia Hydro & Power Authority under a 40-year purchase agreement, with commercial operation expected in mid-2018.

Hunter Creek marks CC&L's second collaboration with WindRiver, who previously developed the 5.5-MW Sakwi Creek plant in Agassiz, B.C., in 2014.

"We are delighted to be making our second hydro investment alongside our development partner, WindRiver," CC&L Infrastructure president Matt O'Brien said. "This transaction leverages our experience investing in projects at the construction stage, and adds to our growing portfolio of long-life, stable, cash-generating infrastructure assets."

For more business and finance news, visit here.
 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs