# Charbone Hydrogen signs agreement to acquire three hydropower plants in Michigan

Charbone Hydrogen Corporation, through its subsidiary Charbone Corporation USA, has executed a purchase and sale agreement to acquire three operating hydropower plants (Tower 560 kW, Kleber 1,200 kW, Alverno 1,000 kW) in the Onaway, Michigan area from Northwoods Hydropower Inc. for $3,600,000 USD.

- Type: Acquisition
- Announced: 2023-01-18
- Where: Onaway, Michigan, United States
- Value: $3.60M
- Status: announced
- Capacity: 2760 kW total (Tower 560 kW, Kleber 1,200 kW, Alverno 1,000 kW)
- Products: hydropower
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Charbone Hydrogen Corporation](https://endata.com/companies/66722.md) (acquirer)
- [Northwoods Hydropower Inc.](https://endata.com/companies/66723.md) (target)

## Sources

- [tnw-a.thenewswire.com](https://tnw-a.thenewswire.com/press-releases/1k3wFZe1W-charbone-hydrogen-signs-agreement-with-northwoods-hydropower-for-the-acquisition-of-three-hydropower-plants-located-in-michigan.html), 2023-01-18: "Charbone is pleased to announce that it has concluded the final negotiations and executed the Purchase and Sale Agreement ... for the acquisition of all of the general partner and limited partner interests of Tower Kleber Limited Partnership ... and Black River Limited Partnership ... respectively t"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.