Eagle Creek Renewable Energy has acquired two hydroelectric facilities with a total generating capacity of about 15MW in Sullivan and Orange counties, New York.
The newly acquired assets, located about 60 miles from the New York city, include the Mongaup Falls and Rio powerhouses, dams, lakes and associated real estate and water rights.
Eagle Creek CEO Bernard Cherry said that the hydropower facility purchases are an important step for the company as it seeks to acquire and develop hydroelectric assets in the Northeast and throughout the US.
Eagle Creek is a portfolio company of private equity firm Hudson Clean Energy Partners, which invests in renewable power, alternative fuels, energy efficiency and storage.
Eagle Creek was formed last year as a platform to execute a small-scale hydroelectric asset roll-up strategy in the US.