Hydro-Québec to buy Great River Hydro and its 13 hydropower stations for $2.7 billion

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Hydro-Québec to buy Great River Hydro and its 13 hydropower stations for $2.7 billion
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It\u0027s one of the largest acquisitions in Hydro\u002DQuébec\u0027s 79\u002Dyear history. Read more.

The stations, located along the Connecticut and Deerfield rivers in Vermont, New Hampshire and Massachusetts, have the capacity to produce a combined capacity of 589 megawatts, enough to power 213,000 homes in New England.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.

“Hydro-Québec has a long-term energy partnership with New England, as we have been exporting our hydropower to the region since the 1980s,” chief executive Sophie Brochu said in a press release.Article content “This acquisition represents a unique opportunity to combine our know-how in managing and leveraging hydro facilities with Great River Hydro’s thorough understanding of the New England market. By combining our strengths, we can support the development of new renewable energy projects, in a market where such resources are in high demand.”

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