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Sammons Renewable acquires hydroelectric business in British Columbia

Mar 6, 2017 - SNL Energy Finance Daily

Sammons Enterprises Inc. subsidiary Sammons Renewable Energy acquired Sorgent.e Hydro Canada Corp., according to a March 2 release.

The acquisition involves two projects totaling 21 MW generating capacity with power purchase agreements with BC Hydro and Power Authority as part of the deal.

Two additional projects totaling 21 MW have been assigned energy volumes under BC Hydro's Standard Offer Program, and the company will also be arranging $150 million of project level financing.

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