Absaroka Energy LLC (Bozeman, Montana, USA) have entered into an agreement securing equity investment capital for the 400 MW Gordon Butte Pumped Storage Hydro project from Copenhagen Infrastructure Partners (CIP), Denmark.
Absaroka has been responsible for the development of the 400-megawatt, closed-loop Gordon Butte Pumped Storage Hydro Project located near Martinsdale, Montana. To date, Absaroka has secured the site, obtained water rights and permits including receipt of a new major hydro license for the construction and operation of the facility from the Federal Energy Regulatory Commission (FERC). The project is in an advanced stage of development and will be ready for construction in 2020.
Voltiq co-advised Absaroka Energy for the capital raise.contact us for more information