PSP-owned H2O Power buys Pennsylvania hydroelectric facilities
H2O Power LP, a North American hydro platform, has bought two run-of-river hydroelectric facilities based in Pennsylvania. No financial terms were released. The projects, which comprise 31.5 megawatts of capacity located on the Allegheny River, were acquired from the Public Sector Pension Investment Board (PSP Investments), which bought them last year. The purchase represents Oshawa-based H2O's first foray into the U.S. market. H2O is majority-owned by PSP Investments. It is minority-owned by BluEarth Renewables Inc, a Canadian renewable power producer backed by ARC Financial Corp and Ontario Teachers’ Pension Plan.
11 February 2016•2 mins read
