Maryland-based Hull Street Energy has acquired 100% of the interests in Gauley River Power Partners that operates a hydroelectric generating facility in West Virginia.
The facility is the 80-megawatt facility on the Gauley River at Summersville, West Virginia, Kallanish Energy reports.
It supplies reliable, zero-carbon energy to customers in the Mid-Atlantic region.
The interests were acquired from Enel Green Power North America and GE Energy Financial Services.
The dollar value of the deal was not disclosed.
The transaction was completed pursuant to a purchase and sale agreement that was executed by Hull Street Energy for the acquisition of 31 hydroelectric stations from EGPNA Renewable Energy Partners, a joint venture between Enel Green Power North America and GE Financial Services.
The first 30 facilities were conveyed last January as part of the deal.
With the new deal, Hull Street Energy owns 52 power generating stations that together can provide 900 megawatts of renewable, gas-fired or duel-fueled generation.
Hull Street Energy, a private equity firm, is based in Bethesda, Maryland.
This post appeared first on Kallanish Energy News.