Gravity Renewables acquires New York’s 3.5-MW Stillwater hydropower project

Small hydro developer Gravity Renewables has completed the acquisition of the 3.5-MW Stillwater hydropower plant on New York’s Hudson River.

The plant, located between Albany and Saratoga Springs, was commissioned in 1993 and formerly owned by Stillwater Hydro Associates, LLC.

“We’re extremely happy to be increasing our New York portfolio,” Gravity Renewables CEO Ted Rose said. “Saratoga County is home to a number of small hydro resources — resources that provide dependable clean energy and support local communities.”

Gravity Renewables is based in Boulder, Colo., and has 30 MW of hydroelectric projects operating and under development in seven states.

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Michael Harris formerly was Editor for HydroWorld.com.

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