A New Jersey power company has purchased a hydroelectric facility in Lisbon Falls that operates at the site of a former woolen mill.
Eagle Creek Renewable Energy LLC acquired Brown Bear II Hydro Holdings LLC, which owns the Worumbo hydroelectric facility, on Nov. 29, according to a news release from the Morristown, New Jersey, company. The purchase price was not disclosed.
Worumbo is a 19-megawatt hydroelectric generator on the Androscoggin River that produces enough electricity to power about 12,500 homes. The facility will continue to supply power under a power purchase agreement.
“This addition to our portfolio solidifies our position on the Androscoggin River, and it positions Eagle Creek to continue the substantial annual growth and value creation we have achieved since our founding in 2010,” said Bud Cherry, CEO of Eagle Creek, in the release.
In January, Eagle Creek purchased four hydroelectric generators connected to the Verso paper mill in Jay for $62 million. Those facilities are also on the Androscoggin River.
The Worumbo Mill complex opened in 1865 and produced woolens until it closed in the 1960s when it was part of the J.P. Stevens Co.. At the time of its closure, it employed 600 people, the largest employer in Lisbon Falls, according to its application to the National Register of Historic Places. The mill was named after a chief of the local Anasagunticook Indians.
The last of the old mill’s buildings were demolished this year.
Eagle Creek’s portfolio comprises over 161 megawatts of generation from 59 facilities in 10 states.
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