By KENNEDY GRIFFIN
(Westborough, MA) Great River Hydro, LLC, the owner of thirteen hydroelectric power stations and several battery and solar development projects in New England, has been sold to Hydro-Quebec from an affiliate of ArcLight Capital Partners, LLC with a value of approximately $2 billion.
“As a long-time owner and operator of hydroelectric assets across the United States, ArcLight was pleased to support Great River Hydro’s establishment as a premier renewable energy infrastructure platform,” said Dan Revers, Founder and Managing Partner of ArcLight in their announcement of the sale. “We expect the Company to continue playing a leading role in the energy transition in New England, and we look forward to its ongoing success.”
Great River Hydro’s hydroelectric plants are located on the Connecticut and Deerfield rivers and form the largest conventional hydropower fleet in New England with a total capacity of 589 megawatts. Three of the stations are located in Buckland and Shelburne on the Deerfield River.
Hydro-Quebec said in its acquisition announcement that Great River Hydro’s “ambitious decarbonization and electrocution objectives have been set and where the amount of electricity generated from variable renewable energy sources is poised to increase sharply.”