LACONIA — Eagle Creek Renewable Energy of Morristown, New Jersey, is the new owner of hydroelectric power generation facilities on the Winnipesaukee River at the Lakeport Dam, as well as hydro plants in Lochmere and Franklin.
The hydroelectic plants were purchased in September as part of a portfolio of 10 hydroelectric power generation facilities in the Northeast that Eagle Creek purchased from Algonquin Power. The 10 facilities have a total generating capacity of approximately 29 megawatts, producing approximately 100 million kilowatt-hours of renewable energy in a typical year.
The three run-of-river hydroelectric facilities on the Winnipesaukee River together supply the New England power grid with 14 million kilowatt-hours of clean energy a year.
The Lakeport power station is a 600-kilowatt hydroelectric located on the state-owned Lakeport Dam, which regulates the water level in Lake Winnipesaukee, the largest lake in New Hampshire. The state directs operations of the facility in order to manage lake levels. The facility's three turbine/generator units produce approximately 2.4 million kilowatt-hours of clean energy in a typical year.
The Lochmere power station is a 1,200-kilowatt hydroelectric plant located at the outlet of Winnisquam Lake on the State of New Hampshire's Lochmere Dam. The facility is equipped with four Flygt submersible turbine/generator units producing approximately 4.1 million kilowatt-hours of clean energy in a typical year.
The Franklin facility is a 1,800-kilowatt hydroelectric plant located on the Winnipesaukee River. The facility comprises two independent powerhouses. The first, known as the River Bend power station, contains one turbine generator rated at 1,700 kilowatts. The second, known as the Stevens Mill power station, contains one turbine generator rated at 220 kilowatts. Stevens Mill discharges immediately downstream of the dam and maintains water levels in the river through the city of Franklin, while River Bend uses excess flows at the dam and discharges downstream of the center of town. Collectively, the Franklin facility produces approximately 7.4 million kilowatt-hours of clean energy in a typical year.
"We are extremely pleased to complete this important strategic acquisition which solidifies our position as a leading Northeast hydropower generator," said Bud Cherry, CEO of Eagle Creek. "Eagle Creek's growth began with our first purchase of hydro facilities in 2010, and we look forward to continuing our expansion into the future."
Under the management of an experienced team of Eagle Creek and former Algonquin employees, the 10 facilities will be integrated with Eagle Creek's existing hydroelectric power plants in New York. With the addition of the 10 new facilities, Eagle Creek's portfolio now consists of 39 operating hydro plants in seven states with a combined generating capacity of approximately 90 megawatts and an annual production of approximately 320 million kilowatt-hours of clean renewable energy. Eagle Creek is also constructing three new projects in the Northeast that will add four megawatts and 16 million kilowatt-hours to the portfolio.
Eagle Creek was founded in 2010 with Bud Cherry as its CEO and Hudson Clean Energy Partners as its founding investor. The company acquires, develops, owns, and operates small-scale hydroelectric generating facilities throughout North America.