Renewable energy firm HydroLand has acquired a 25MW portfolio of hydroelectric facilities from Enel Green Power North America, Inc, a major step in the US-based firm’s bid to create green energy parks across America primarily in the Northeast and West.
The portfolio acquired from Enel comprises 13 run-of-river facilities located throughout the Mid-Atlantic, South, and Western US, including California.
"The closing of this acquisition is a major step for us as we execute our plan to acquire, optimize and modernize underutilized hydroelectric facilities and ultimately turn them into green energy parks that support the transition to renewable energy," said Cory Lagerstrom, CEO of HydroLand.
HydroLand’s Rock Creek hydroelectric facility in Twin Falls, Idaho
