Utility Dive•9 days ago
Vistra to buy Cogentrix Energy’s 5.5 GW of gas plants in $4B deal
Key Takeaway
This $4 billion acquisition underscores the enduring strategic value and market demand for dispatchable gas generation assets in maintaining grid reliability amidst the energy transition.
AI Summary
- •Vistra is acquiring 5.5 GW of gas-fired generation assets from Cogentrix for $4 billion, signaling significant consolidation in the dispatchable power sector.
- •This deal values the gas generation assets at approximately $727/kW, providing a market benchmark for developers and investors in similar dispatchable capacity.
- •The acquisition highlights the ongoing strategic importance and market demand for large-scale, reliable gas generation to support grid stability and serve large power consumers.
Topics
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