PE-backed Eagle Creek acquires Madison hydro power assets

Eagle Creek Renewable Energy has closed its buy of about 30 megawatts of hydroelectric facilities from Madison Paper Industries, a U.S.-based partnership of UPM and Northern SC Paper Corp. Terms weren't disclosed. Eagle Creek also bought an interest in the four-megawatt Brassua facility near Rockwood, Maine and a majority stake in the Kennebec Water Power Co, which regulates releases from upstream storage reservoirs on the Kennebec River. Eagle Creek is owned by Hudson Clean Energy Partners and an affiliate of Canada's Power Corp and Claridge, the family office of Stephen Bronfman.

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