ArcLight Capital Partners, a middle market infrastructure investor, has sold Great River Hydro, a US renewable energy infrastructure platform and the largest conventional hydroelectric portfolio in New England, to affiliates of Hydro-Québec for a value of approximately $2 billion.
ArcLight Capital Partners, a middle market infrastructure investor, has sold Great River Hydro, a US renewable energy infrastructure platform and the largest conventional hydroelectric portfolio in New England, to affiliates of Hydro-Québec for a value of approximately $2 billion.
Great River Hydro owns 13 hydroelectric generating stations with a total capacity of 589 megawatts along New England’s Connecticut and Deerfield rivers, as well as a portfolio of co-located battery storage and solar development projects.
During ArcLight’s more than five-year ownership, Great River Hydro operated as a standalone renewable energy platform focused exclusively on supplying carbon-free electricity to New England’s electricity market. A portion of its generation output is sold to utilities and regional municipalities pursuant to long-term supply agreements executed in 2021 and 2022.
TD Securities served as exclusive financial advisor to ArcLight, and Latham & Watkins served as legal advisor.
