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12 tons of CO2 each year.
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Featured Project
Click below to see our current portfolio project!Learn More
Our Projects
We have helped build many new renewable energy projects.Learn More
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The Boulder Creek Hydro Project
The Boulder Creek Hydro Project
The
Boulder Creek Hydro Project is owned by the Confederated Salish and
Kootenai Tribes. Located on the Flathead Reservation, the facility is
in Lake County in Western Montana. Part of the tribes' mission is to
provide sound environmental stewardship to preserve, perpetuate,
protect and enhance natural resources and ecosystems' and they have
done so by renovating this renewable energy project on their
reservation. In operation since 1984, the project was unable to repay
principal on its outstanding debt, and paying interest only was still
operating at a loss. It had reached the point that continued operations
were not a feasible option, and incurring additional debt to refurbish
the project in 2007 did not make financial sense based on expected
costs and available revenue from the power sales.
It became evident that unless we could find a way to increase revenue through REC sales, to service both the pre-existing debt and the refurbishment loan's the project would cease operations said Steve Clairmont, General Manager of the S & K Holding Company, which manages the Boulder Hydro Project. After researching REC sales opportunities, S & K determined that incremental REC revenues would make the refurbishment economically feasible, and began the process to have the project certified by the Low Impact Hydro Institute so the project would be able to generate marketable RECs. The institute certifies environmentally low impact hydropower facilities nationwide on behalf of green energy consumers.
The
Boulder Creek Hydro Project is owned by the Confederated Salish and
Kootenai Tribes. Located on the Flathead Reservation, the facility is
in Lake County in Western Montana. Part of the tribes' mission is to
provide sound environmental stewardship to preserve, perpetuate,
protect and enhance natural resources and ecosystems' and they have
done so by renovating this renewable energy project on their
reservation. In operation since 1984, the project was unable to repay
principal on its outstanding debt, and paying interest only was still
operating at a loss. It had reached the point that continued operations
were not a feasible option, and incurring additional debt to refurbish
the project in 2007 did not make financial sense based on expected
costs and available revenue from the power sales.It became evident that unless we could find a way to increase revenue through REC sales, to service both the pre-existing debt and the refurbishment loan's the project would cease operations said Steve Clairmont, General Manager of the S & K Holding Company, which manages the Boulder Hydro Project. After researching REC sales opportunities, S & K determined that incremental REC revenues would make the refurbishment economically feasible, and began the process to have the project certified by the Low Impact Hydro Institute so the project would be able to generate marketable RECs. The institute certifies environmentally low impact hydropower facilities nationwide on behalf of green energy consumers.
