Downing Renewables & Infrastructure, a private equity firm, agreed to acquire two hydropower plants from ÄSI Kraft, a portfolio of five small-scale hydro power plants, for €25m. “We are pleased to expand our hydropower portfolio in Sweden. These attractive acquisitions will increase DORE’s hydropower production by just under 50% and add three more directly controlled storage reservoirs in SE3 and benefit from further seasonal storage reservoirs in SE2. They will also allow DORE to benefit from the economies of scale that come with further growth. Hydropower is often forgotten as a source of renewable power, but it will be key part of the energy transition as it is possible to hold energy back in the reservoirs and sell when supply from renewable sources elsewhere is low. This helps reduce price volatility and maximises the value of the energy stored for end users and our investors," Tom Williams, Downing Partner.