• Connect With Us:
  • RWE receives funds for two Michigan small hydropower plants

    RWE Logo

    Renewable World Energies LLC (RWE) has completed a US$2.3 million debt through a new investment arrangement with the Geo Investors Renewable Infrastructure Fund, the Wisconsin-based small hydroelectric power plant owner and operator has announced.

    The proceeds will primarily be used to fund upgrades to the 2-MW Cataract and the ongoing operation and maintenance of the 900-kW Au Train plant, located near Gwinn and Munising, Mich., respectively.

    Upgrades at Cataract include the installation of a more efficient turbine that will be designed and manufactured by Kiser Hydro LLC, a sister company of RWE.

    The new turbine replaces a Francis-type runner with a variable-pitch six-blade Kaplan-style runner while using the existing scroll case, wicket gates and generator. The upgrade is "very cost effective", RWE said, and will allow the plant to increase its energy production by a projected 80%.

    "We are pleased to have brought on a quality financing partner like the Geo Investors Fund that understands the energy business and is interested in working with relatively small companies like ours," RWE and Kiser Hydro Chief Financial Officer Tom Berutti said.

    Both plants were constructed in the 1920s to provide power for area mining companies before being acquired by RWE's predecessor in 2010.

    Power generated by the companies is sold through a long-term power purchase agreement to the Upper Peninsula Power Company (UPPCO), which is a subsidiary of the Integrys Energy Group, Inc.

    The Geo Investors Renewable Infrastructure Fund was established in 2010 and focuses on direct investments in small- to mid-sized renewable energy assets in the United States. The fund has previously invested in wind, biogas and other small hydropower plants.

    For more small hydropower news, visit here.

    Hydro Industry Financials

    Buyers Guide Products

    Micro Hydro Power Generating Equipment

    TOSHIBA’s Micro Hydro series comprise five stan...

    Andritz Compact HydroTurbines

    A modular design for the small hydro power rang...

    Turbines, Francis

    Voith supplies cost-effective Francis units in ...

    Most Read Articles

    Recent Comments

    Buyers Guide Companies

    Wiegert & Baehr Maschinenbau GmbH

    Offers Pelton and Francis turbines to 5000kW, K...

    Sigma Engineering Ltd

    Sigma provides services in hydrology and all as...

    GUGLER Water Turbines GmbH

    Develops and supplies water turbines and small ...

    TURAB Turbin & Regulatorservice AB

    Manufactures, refurbishes and maintains hydro t...

    Schmidt Industries

    Manufacturer of valve assemblies, Rotor and She...

    Continuing Education

    Professional Development Hours
    To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

    01/01/2014
    Volume 22, Issue 1
    1401hrw-cvr

    Archived Articles

    2006 | 2007 | 2008 | 2009 | 2010 2011 | 2012 | 2013
    Hydro Review Past Issues

    Premium Content AD Promo Space