NedPower to work with Marathon Capital to identify, secure hydroelectric project financing

By Lisa Kerner

Charlotte, N.C., Nov. 6 – NedPower LLC announced it has enlisted Marathon Capital to secure development and project capital to fund the company’s acquisition of operating hydroelectric facilities and late-stage development.

Marathon will assist in formulating project financing and identifying and securing prospective third-party investors.

NedPower managing and founding partner Jerome Niessen said the company has already identified “close to 250 MW of small- to medium-sized hydro power projects.”

Sperryville, Va.-based NedPower buys and develops hydroelectric power plants.

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