On February 21, 2018, Gravity Renewables, a leading national owner and operator of small hydroelectric projects, announced that it has acquired three generation projects totaling just less than five megawatts (MW) in Vermont. In addition to two hydroelectric facilities located on the scenic Clyde River in Orleans County, VT, the acquisition includes a 150- kilowatt solar installation.
“Operating and maintaining historical hydroelectric projects so that they can continue to benefit local communities and cleanly power the future is Gravity’s expertise,” said Ted Rose, Gravity Renewables’ CEO. “This acquisition will allow us to do that.”
The acquisition includes the 4 MW Newport (VT) Hydroelectric Project with a co-located 150-kilowatt solar installation, as well as the 0.675 MW West Charleston Hydroelectric Project. The hydroelectric facilities have undergone significant upgrades in the past decade to improve operations while enhancing upstream and downstream fish passage on one of Vermont’s most treasured recreational rivers.
Gravity operates two additional hydroelectric projects in Vermont located in Springfield and Northfield.
Small hydropower provides predictable, reliable, affordable clean energy that’s locally produced. Gravity Renewables is a national owner, operator and developer of small hydroelectric power plants. By making a long-term commitment to these neighborhood facilities, the company restores and conserves important historical sites, employs local operators and promotes educational and recreational opportunities in the communities it serves. Gravity currently has more than 50 MW of hydroelectric projects operating and under development across the country. Learn more at www.gravityrenewables.com or 303.440.3378.
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