Cube Hydro Partners Acquires a Run-of-the-River Hydropower Facility in Pennsylvania
November 11, 2015 05:00 PM Eastern Standard Time
NEW YORK–(BUSINESS WIRE)–Cube Hydro Partners, LLC, a portfolio company of the ISQ Global Infrastructure Fund, has acquired a 100 percent ownership interest in York Haven Hydro Station, a run-of-the-river hydropower facility located in York Haven, Pennsylvania. Totaling 20 megawatts, the facility benefits from favorable hydrology and is expected to produce over 130,000 megawatt-hours of clean electricity per year.
“We are thrilled with this new addition, the result of Cube Hydro’s focus on exclusively sourced transactions”
Kristina Johnson, CEO of Cube Hydro said, “We are excited to expand our presence in the Pennsylvania-New Jersey-Maryland (PJM) market to include York Haven. 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.”
Following this acquisition, the Cube Hydro portfolio owns fourteen plants located in New York, Pennsylvania, Virginia and West Virginia with a combined capacity of more than 126 megawatts and generates nearly 500,000 megawatt-hours annually.
“We are thrilled with this new addition, the result of Cube Hydro’s focus on exclusively sourced transactions,” said John Collins, Managing Director of Cube Hydro. “York Haven’s proven high capacity factor and availability are an excellent fit for the portfolio.”
About Cube Hydro: Cube Hydro Partners, led by former U.S. Undersecretary of Energy Kristina Johnson and a portfolio company of I Squared Capital, is a hydropower development and operating platform targeting investments in mid-sized greenfield and operating hydro projects in the U.S. and Canada.
About I Squared Capital: I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, and transport in North America, Europe, and select high growth economies. The Firm has offices in New York, Houston, London, New Delhi, Hong Kong and Singapore.
I Squared Capital
Andreas Moon, +1 212-339-5339
Principal and Head of Investor Relations