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Hull Street Energy acquires W.Va. hydroelectric plant
//May 12, 2020
Bethesda-based Hull Street Energy has acquired 100% of the interests in Gauley River Power Partners, LLC, which operates an 80 megawatt hydroelectric generating facility in Summersville, West Virginia, from Enel Green Power North America and GE Energy Financial Services.
Terms of the deal were not disclosed. The facility supplies reliable, zero-carbon energy to customers in the mid-Atlantic region.
This transaction was completed pursuant to a purchase and sale agreement that was executed by Hull Street Energy for the acquisition of thirty-one hydroelectric stations from EGPNA Renewable Energy Partners, LLC, a joint venture between Enel Green Power North America and GE Energy Financial Services, thirty of which were conveyed in January of this year.
With this final closing, Hull Street Energy affiliates own fifty-two power generation stations providing 900 MW of renewable, gas-fired, and dual-fueled generation capacity to support grid operations throughout the United States.
Baker Botts LLP acted as legal counsel to Hull Street Energy.
