Wednesday, October 28, 2020

Yorkshire hydroelectric projects acquired

Two hydropower projects in Yorkshire have changed hands as part of a £4.74 million acquisition.

The deal sees JLEN, a listed environmental infrastructure fund, swoop for Northern Hydropower Holdings.

Included in the deal are Knottingley hydro, a dual turbine project commissioned in October 2018 on the River Aire, and the co-located 1.2MW battery storage that was commissioned in January of the same year.

The deal brings the total capacity of renewable energy assets in the JLEN investment portfolio to 304.7 MW.

“We are pleased to make our second investment into run-of-river hydro and battery storage, building upon our existing portfolio in this sector,” said JLEN Chairman Richard Morse.

“As with our other hydro assets, these projects have a proven operational history, benefit from strong contractual revenues and broaden the diversification within the JLEN portfolio.”

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