Riverbank Power closes financing for hydroelectric retrofit projects

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back

Related stories

The Growing Significance of the Run-of-River Plants

As the world is looking out for ways in...

Advancements in Hydropower: Innovations to Expect in 2025

As the global community struggles to address the immediacy...

US Aims To Bring Down Hydrogen Electrolyser Costs In 2 Years

The Hydrogen and Fuel Cell Technologies Office- HFTO of...

Multi-Year Program Plan By HFTO To Widen US Clean Energy

It is worth taking into consideration that the Multi-Year...

Riverbank Power Corp has closed a $38m financing to fund construction of its 7.5MW Dorena Lake and 4.7MW Clark Canyon run-of-river hydroelectric retrofit projects in Oregon and Montana, US.

Power generated from the projects is estimated at 30GWh, enough to provide electricity to about 2,000 households.

Travelers Capital Corp has structured and arranged the non-recourse debt financing, while Industrial Alliance Insurance and Financial Services has provided the funding.

Rest of the funding was provided by the Infrastructure Coalition Program, an investment vehicle managed by Aquila Infrastructure Management.

Both projects are expected to be commissioned in 2013. Travelers Capital Corp managing partner Mark Bohn said the company is pleased to support Riverbank’s renewable energy growth plans in North America.

 

Latest stories

Related stories

The Growing Significance of the Run-of-River Plants

As the world is looking out for ways in...

Advancements in Hydropower: Innovations to Expect in 2025

As the global community struggles to address the immediacy...

US Aims To Bring Down Hydrogen Electrolyser Costs In 2 Years

The Hydrogen and Fuel Cell Technologies Office- HFTO of...

Multi-Year Program Plan By HFTO To Widen US Clean Energy

It is worth taking into consideration that the Multi-Year...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back