Corporate History
Olympus Power, LLC, a subsidiary of Olympus Holdings, LLC, a
holding company based in Morristown, NJ, was established in January
2007 and is the successor to Delta Power Company, LLC. Founded in
1997, the principals of Olympus Power built Delta Power into a
leading US independent power producer which owned interests in 32 operating power plants across the U.S,
with over $3 billion of
assets and the responsibility for operating projects with a gross
capacity of over 3000 MW of electricity generation. Delta Power included in its project portfolio,
natural gas, biomass, oil and coal fired power projects as well as
hydroelectric facilities. Its mix of generation facilities included
cogeneration projects, peaking facilities and base loaded utility
style plants. As a consequence of the sale of Delta Power to Arroyo
Energy, LP (a unit of Bear Stearns) in January 2007, Olympus Power
succeeded to Delta's indirect investment interests in six power
projects (see
Project Portfolio). Olympus added the York Haven Hydroelectric
Project to its business in 2007, two photovoltaic (PV)
Solar System projects in 2010 and the Grant County Wind project in
2011.
Project Investments and Acquisitions of Olympus Power and Predecessors  |