Hydro-Québec to acquire Great River Hydro

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

Hydro-Québec has announced the US$2 billion acquisition of Great River Hydro (GRH), LLC, which owns 13 hydropower generating stations with a total installed capacity of 589 MW AC along New England’s Connecticut and Deerfield rivers in the states of Vermont, New Hampshire and Massachusetts, USA through its wholly-owned subsidiary HQI US Holding LLC.

Great River Hydro is being sold by affiliates of ArcLight Capital Partners. The transaction involves the acquisition of a hydroelectric park in New England, which aims to decarbonize and electrify. The purchase represents an opportunity to balance the intermittency of wind and solar power for the coming years, to support the development of new projects in the field of renewable energy in the market and the possibility of increase the amount of electricity from variable renewable energy sources. 

The deal will allow Hydro-Québec to diversify its revenue streams in its main export market and generate additional revenue for Hydro-Québec in its first year. 

 

 

List of the country updates

Country updates

  • October 18, 2022

    Everest acquired communications tower assets from PeakNet

    Everest Infrastructure Partners, through EIP Holdings II LLC, has completed the acquisition of a portfolio of wireless communications tower assets from PT Holding Company LLC, PeakNet LLC and PeakNet...

    Read more
  • October 18, 2022

    GIP acquires Atlas renewable energy from Actis

    Global Infrastructure Partners has announced that it has completed the acquisition of Atlas Renewable Energy from Actis. Founded in 2016 with the support of Actis, Atlas is the second large...

    Read more
  • October 13, 2022

    Phoenix starts procurement for air cargo PPP project

    The City of Phoenix Aviation Department is planning a public-private partnership (PPP) for the Northwest Air Cargo Development in Phoenix, Arizona, USA. The selected private partner will be responsib...

    Read more
  • October 11, 2022

    Stonepeak secures US$2.5 bn for its Asia-Pasific fund

    Stonepeak has raised US$2.5 billion for its Stonepeak Asia Infrastructure Fund LP, according to the latest US Securities and Exchange Commission (US SEC) filing.  Stonepeak Asia I...

    Read more
  • October 11, 2022

    HMC announces final close of HIF VI

    Harbert Management Corporation (HMC) has announced the final close for Harbert Infrastructure Fund VI (HIF VI) raising US$905 million. Focused on investments that can generate secure r...

    Read more

Share this update