FFP New Hydro Acquires Red River Hydro

America's largest portfolio of new hydroelectric projects on existing dams adds a new fully-licensed project to its portfolio

BOSTON, Nov. 2, 2015 -- FFP New Hydro LLC announced today the continued expansion of its hydroelectric power portfolio in the US with the acquisition of Red River Hydro, the owner of a FERC Hydropower license for the Overton Lock and Dam Project, located on the Red River in Louisiana at an existing lock and dam facility owned and operated by the US Army Corps of Engineers. The project is expected to have a generating capacity of 52 megawatts (MW).


"The development of the Overton hydropower project will represent an investment of more than $130 million in the Rapides Parish, creating hundreds of jobs during construction, operations and maintenance," said Ramya Swaminathan, CEO of FFP New Hydro. "The clean, reliable electricity produced by the project will be enough to power thousands of homes and will be a long term resource for the region. This strategic acquisition will allow FFP New Hydro to grow its portfolio and benefit from economies of scale, which we believe is essential to the development of new hydropower on existing dams."

About FFP New Hydro
FFP New Hydro LLC has a portfolio of 23 hydropower development projects on existing dams in PA, WV, OH, MS, KY, IN, and LA totaling over 260 MW. These projects are low impact run-of river hydropower development projects, which will, when constructed, provide clean, renewable power in their host communities for generations to come. FFP New Hydro is owned by affiliates of US Renewables Group and Crestline Investors, Inc.

About US Renewables Group
US Renewables Group (USRG) is one of the largest investment firms focused exclusively on the renewable energy industry with over $750 million of capital under management. USRG is headquartered in Los Angeles.

About Crestline Investors
Crestline Investors is an institutional alternative investment management firm based in Fort Worth, Texas. Founded in 1997, Crestline manages $9.9 billion for institutional investors. The firm has offices in Fort Worth, New York, Toronto, Oak Brook and Tokyo. For more information please visit www.crestlineinvestors.com.

Featured Product

GreenFasten™ solar panel roof mount hardware, watertight, USA made

GreenFasten™ solar panel roof mount hardware, watertight, USA made

The GreenFasten™ - GF1 system utilizes the patented watertight technology EcoFasten Solar® is known for. The flashing is fit with our EPDM rubber bushing and when used with a compatible EcoFasten Solar compression bracket (milled with countersink), a watertight seal is created, which protects the integrity of the roof. Requiring just a single fastener (lag bolt or self-drilling), GreenFasten provides the fastest install in the industry and will not void roofing manufacturer's warranties. Backed by IAPMO certification, GreenFasten delivers a mounting solution for all new or existing (retrofit) composition shingle roofs, and is the most cost-effective solution available. Like all of the solar roof mount solutions in our line of products, GreenFasten is made in the USA using recycled materials.