Cube Hydro Partners, a portfolio company of the ISQ Global Infrastructure Fund, has acquired a 100% ownership interest in York Haven hydro station. The 20MW run-of-river facility located in Pennsylvania, US is expected to produce over 130,000MWh annually.
Kristina Johnson, CEO of Cube Hydro said, "We are excited to expand our presence in the Pennsylvania-New Jersey-Maryland market. It is one of the oldest and best run hydropower plants in the US with a long history of generating clean, carbon-free and reliable electricity."
Following this acquisition, the Cube Hydro portfolio now owns 14 plants located in New York, Pennsylvania, Virginia and West Virginia with a combined capacity of more than 126MW and generating nearly 500,000MWh/yr.
“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."
Cube Hydro Partners, led by former US 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 US and Canada.
