Newport, VT – Gravity Renewables, a leading national owner and operator of small hydroelectric projects, announced today that it has acquired three generation projects totaling just under 5 megawatts (MW) in Vermont. In addition to two hydroelectric facilities located on the scenic Clyde River, 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 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.
About Gravity Renewables
Gravity Renewables is a leading national owner, operator and developer of small hydroelectric power plants. Small hydropower provides predictable, reliable, affordable clean energy that’s locally produced. By making a long-term commitment to these neighborhood facilities, Gravity 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. For more information, please visit www.gravityrenewables.com or contact us at 303.440.3378. Follow Gravity Renewables on Twitter or Facebook.