Eagle Creek acquires 7-MW hydroelectric project

Eagle Creek Renewable Energy LLC on June 25 said it has completed the acquisition of a 7-MW Swinging Bridge hydroelectric project from AER NY-Gen LLC.

The company did not disclose financial terms of the deal.

The purchase includes the Toronto and Swinging Bridge Reservoirs as well as Cliff Lake. Located 60 miles northwest of New York City, the reservoirs provide valuable recreational resources for the public, as well as a significant source of water flow into the Delaware River system, the company states.

“Now that we have completed the purchase of Swinging Bridge, we can move forward to optimize the use of river flows and reservoir storage to meet the interests of our various stakeholders and realize the full value of this historic system,” Eagle Creek CEO Bud Cherry said in a news release.

“This closing, together with our recent acquisition of North American Hydro, further expands Eagle Creek’s platform of small-scale hydroelectric projects and represents an important step in our continued pursuit of high-quality growth opportunities,” Cherry added.