Market Overview

Eagle Creek Renewable Energy to be sold to Ontario Power Generation


Ontario Power Generation (OPG), has signed a purchase and sale agreement
to acquire Eagle Creek Renewable Energy LLC (Eagle Creek), an
independent power producer and operator of hydro-electric facilities in
the United States, from affiliates of Hudson Clean Energy Partners
(Hudson) and other shareholders. The closing of the transaction is
subject to standard U.S. regulatory approvals. Hudson is represented by
sell-side advisor, Evercore.

Eagle Creek, headquartered in Morristown New Jersey, owns and operates a
portfolio of 76 high-quality hydroelectric facilities representing
~230MW of capacity located on 45 waterways throughout the U.S. and sells
electricity within 6 power pools. Eagle Creek's platform is one of the
fastest growing, most diversified fleets in the country.

Mr. Eli Smith, CEO of Eagle Creek, said, "We have been privileged
to work with Hudson to build Eagle Creek since its inception in 2010. We
are especially grateful to our founding CEO, Bud Cherry, whose
leadership has shaped Eagle Creek into an industry leading franchise and
wish him well in his retirement. We are now looking forward to a path of
continued growth and success as part of OPG."

About Ontario Power Generation

Ontario Power Generation (OPG) produces almost half of the electricity
that Ontario homes, schools, hospitals and businesses rely on each day.
It is committed to ensuring energy production is reliable, safe and
environmentally sustainable for Ontarians today and for the future.
Further information about Ontario Power Generation can be found at

About Hudson Clean Energy Partners

Hudson Clean energy partners is an independent investment firm focused
on identifying unique and creative opportunities that promote
sustainability and resource efficiency. The Company has diverse
capabilities across illiquid sustainable investments including private
equity, infrastructure and venture. Further information about Hudson can
be found at

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