AltaRock Yieldco Acquires the Blue Mountain Geothermal Power Plant (News Release)
Baseload Clean Energy Partners (BCEP), a yieldco owned and operated by
AltaRock Energy, is announcing the acquisition of Blue Mountain Power LLC. Located in northern Nevada, Blue Mountain Power owns the 49.5 MW Faulkner 1 geothermal power plant supplying electricity to Nevada’s public utility, NV Energy. BCEP is purchasing 100% of the equity, plus the assumption of remaining debt, for an undisclosed sum from
EIG Global Energy Partners. The company is planning an improvement program to increase the plant
output.
Baseload Clean Energy Partners was established for the purpose of building the leading portfolio of clean, baseload power assets by leveraging the unique advantages of next generation enhanced geothermal energy (EGS). Faulkner 1 is Nevada’s second largest geothermal plant and contributes to BCEP’s overall goal of acquiring projects that benefit substantially from improvements using more advanced technology.
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