Hull Street Energy expands renewables portfolio with addition of nine New Hampshire hydroelectric plants
Private equity firm Hull Street Energy has officially purchased nine hydroelectric power facilities in New Hampshire, capable of generating 68 megawatts (MW) of energy, furthering their expansion into the sustainable energy market.
The sale of the facilities, sold by single-owner Eversource, was part of a restructuring and rate stabilization agreement previously arranged between Eversource and the state government in 2015. Under their new ownership, these facilities will be operated by Central Rivers Power, headquartered in Bethesda, Maryland.
“With the addition of these high-quality assets and people to our existing foundation, we are excited about building a best-in-class renewable power generation business,” Sarah Wright, Managing Partner at Hull Street Energy, said. “We are excited to be part of this transaction and look forward to working constructively with local New Hampshire communities and stakeholders to make a reliable source of low carbon energy available to support the regional economy.”
Hull Street has been actively transitioning into a more sustainable base for its power operations. Its affiliates now own around 531 MW and 19 power generation stations throughout the United States.
