{"id":5894,"date":"2016-02-15T01:37:57","date_gmt":"2016-02-15T01:37:57","guid":{"rendered":"https:\/\/cleanenergyworld.net\/index.php\/2016\/02\/15\/h2o-power-surges-with-acquisition-of-31mw-hydroelectric-facilities-in-pjm-market\/"},"modified":"2016-02-15T01:37:57","modified_gmt":"2016-02-15T01:37:57","slug":"h2o-power-surges-with-acquisition-of-31mw-hydroelectric-facilities-in-pjm-market","status":"publish","type":"post","link":"https:\/\/cleanenergyworld.net\/index.php\/2016\/02\/15\/h2o-power-surges-with-acquisition-of-31mw-hydroelectric-facilities-in-pjm-market\/","title":{"rendered":"H2O Power Surges With Acquisition of 31MW Hydroelectric Facilities In PJM Market"},"content":{"rendered":"<p><a href=\"http:\/\/www.h2opower.ca\" target=\"_blank\" rel=\"noopener\">H2O Power LP<\/a> has announced that as part of its ongoing growth strategy, it has acquired a 100% ownership interest in two run-of-river hydroelectric facilities located in <span class=\"xn-location\">Pennsylvania<\/span>, <span class=\"xn-location\">Allegheny<\/span> 8 (13.6 MW) and\u00a0<span class=\"xn-location\">Allegheny<\/span> 9 (17.9 MW).<\/p>\n<p>The two projects comprise 31.5 MW of baseload nameplate capacity located on the Allegheny River in <span class=\"xn-location\">Armstrong<\/span> and Indian Counties, <span class=\"xn-location\">Pennsylvania<\/span>, within the <span class=\"xn-location\">Pennsylvania<\/span>-Jersey-<span class=\"xn-location\">Maryland<\/span>\u00a0power market. The assets are interconnected into the <a href=\"http:\/\/www.nyiso.com\" target=\"_blank\" rel=\"noopener\">New York Independent System Operator<\/a>.<\/p>\n<p>H2O acquired the <span class=\"xn-location\">Allegheny<\/span> 8 &amp; 9 facilities from the <a href=\"http:\/\/www.pspib.ca\/en\/index.html\" target=\"_blank\" rel=\"noopener\">Public Sector Pension Investment Board <\/a>, who had purchased them in <span class=\"xn-chron\">May 2015<\/span> with the intent to sell them to H2O, its North American hydro platform. The terms of the transaction between H2O and PSP Investments were not disclosed.<\/p>\n<p>&#8220;We are delighted with this acquisition, which represents H2O&#8217;s first foray into the U.S. market,&#8221; said <span class=\"xn-person\">Jim Gartshore<\/span>, <span class=\"xn-location\">President<\/span> of H2O. &#8220;The <span class=\"xn-location\">Allegheny<\/span> 8 &amp; 9 facilities are an excellent fit within H2O&#8217;s existing portfolio of hydroelectric generating assets. We look forward to leveraging our 24\/7 control center and expertise in managing run-of-river hydroelectric facilities to optimize power generation.&#8221;<\/p>\n<p>The <span class=\"xn-location\">Allegheny<\/span> 8 &amp; 9 facilities together generate approximately 200 GWh of clean electricity annually.\u00a0The capacity and energy generated by the <span class=\"xn-location\">two<\/span>\u00a0facilities are sold to <span class=\"xn-location\">New York State<\/span> Electric &amp; Gas Corporation under a long-term power purchase agreement. In addition, the projects sell Renewable Energy Credits in <span class=\"xn-location\">Maryland<\/span> as Class I qualified facilities.<\/p>\n<p>H2O owns 10 hydroelectric generating stations housing 52 generators, representing 170 MW of capacity located in <span class=\"xn-location\">Canada<\/span> and the U.S. H2O is majority-owned by PSP Investments, one of <span class=\"xn-location\">Canada&#8217;s<\/span> largest pension investment managers with over <span class=\"xn-money\">CAD$112 billion<\/span> in assets under management as at <span class=\"xn-chron\">September 30, 2015<\/span>, and minority-owned by <a href=\"http:\/\/www.bluearthrenewables.com\/\" target=\"_blank\" rel=\"noopener\">BluEarth Renewables Inc<\/a>., a Canadian independent renewable power producer that builds, owns and operates wind, run-of-river hydroelectric and solar generation projects across <span class=\"xn-location\">North America<\/span>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Allegheny 8 &#038; 9 facilities have a 31.5MW capacity located on the Allegheny River in Armstrong and Indian Counties, Pennsylvania, within the Pennsylvania-Jersey-Maryland known (PJM) Interconnection. The assets are interconnected into the New York Independent System Operator in the PJM Interconnection Power Market. The capacity and energy generated by the Allegheny 8 &#038; 9 facilities are sold to New York State Electric &#038; Gas Corporation under a long-term power purchase agreement. <\/p>\n","protected":false},"author":2,"featured_media":5897,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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