Cube Hydro Partners acquires four Hydroelectric Power Plants in North Carolina

Cube Hydro Partners have close deal with Alcoa Corporation to take ownership of four hydroelectric power plants located along the Yadkin River.

Totaling 215 megawatts (MW) of generation, the facilities – High Rock, Tuckertown, Narrows and Falls – are expected to produce nearly 800,000 megawatt hours (MWh) of clean, reliable electricity per year.

Cube Hydro acquires and modernizes hydroelectric facilities to demonstrate the value of renewable hydropower and reduce our nation’s reliance on carbon-based energy. This deal is expected to create significant economic and environmental benefits for the local community.

With the addition of the Yadkin facilities to the portfolio, Cube Hydro Partners now operates 19 plants on 10 rivers in New York, Pennsylvania, Virginia, West Virginia and North Carolina, with a combined capacity of more than 373 MW, generating 1.4 million MWh annually, or enough electricity to power approximately 140,000 homes with renewable energy.

Image: Cube Hydro Partners acquires four Hydroelectric Power Plants in North Carolina(Photo: CUBE HYDRO PARTNERS LLC)