Loan deal for hydro development on existing dams

摘要

FFP New Hydro has announced it has closec a senior loan facility with asset managemen firm Crestline Investors in a deal to help further develop 21 hydropower projects on existing dams in the US. It also announced the acquisition and integration of Rye Development, FFP New Hydro's manager, into the company. FFP New Hydro said it has completed these transactions in order to pursue continued development of its portfolio of advanced stage hydropower projects on existing dams across five states, the first of which received a 50-year license from the Federal Energy Regulatory Commission (FERC) in September of 2014.