News

Acquisition of Mount Ida Hydro Station

November 9, 2011 - Troy, NY: Ampersand Hydro LLC subsidiary Mount Ida Hydro LLC today completed its acquisition of a 2.9 megawatt run-of-river hydroelectric generating station in Troy, NY, boosting the combined installed capacity of Ampersand's portfolio of renewable energy projects by more than 50 percent. The FERC exempt asset, which will operate under the name Ampersand Mount Ida Hydro, is situated on the Poestenkill Creek Gorge, giving the station the benefit of a steep grade and steady steam flows.

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Acquisition of Gilman Mills

August 1, 2008 - Gilman, VT: Subject to state and Federal regulatory approvals, Ampersand Gilman Energy LLC (AGE) today acquired the Gilman mill assets located on the Vermont-New Hampshire border between Gilman, Vermont and Dalton, New Hampshire. The assets consist of a former paper mill, a hydro-electric generating station, and a steam turbine, as well as over 260 acres of land. AGE is controlled by Boston-based Ampersand Energy Partners LLC and includes a number of local investors as well. The firm focuses on investments in small, renewable energy production facilities in the US and Canada. Ampersand expects to be able to capitalize on its existing relationships with local utilities and the development team already in place to pursue the project to successful completion. The project is expected to be completed in stages during 2008 and 2009. Ampersand Energy Partners is a Boston-based private equity fund specializing in late stage development and acquisition of small renewable power projects.

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Ampersand affiliate purchases hydro station in New England

December 4th, 2007 - Boston, Massachusetts: Ampersand Energy Partners today added to its growing portfolio of renewable energy facilities with the purchase of a small hydro station.

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