1.2MW Hydro Electric Power Site - Hermiston, OR

This listing presents a 1.2MW Hydro Electric Power Site situated on 18.75 acres in Hermiston, Oregon. The site features four 300 kW units, a canal, conduit pipes, controllers, transformers, turbines, and generators, with an initial construction cost of $2.5M in 1987. Historically, the site operated from 1989 to 2002, generating an average of 2,500 MWh per year. It is currently undergoing refurbishment, with an estimated cost of $200-300k for completion. The site offers significant earning potential, with projected seasonal earnings between $100k to $300k for 5 months of operation, augmented by potential carbon credits ($40/MWh) and new capacity pricing structures. Annual O&M costs are estimated at $10k. The property includes land, all existing infrastructure, and equipment. The seller is seeking $500k for the entire package. Incentives such as Oregon energy tax credits, grants, and USDA REAP grants are available to support refurbishing and relicensing efforts.