Utility Dive•16 days ago
ArcLight in deal to buy 2.2 GW from InfraBridge, mainly gas
Key Takeaway
This significant M&A activity highlights continued private equity investment in large-scale, gas-fired generation assets, particularly within the PJM market, signaling ongoing strategic value for dispatchable power for developers and large loads.
AI Summary
- •ArcLight, a private equity firm, is acquiring 2.2 GW of generation assets, primarily gas-fired, from InfraBridge.
- •This transaction will add 1.1 GW to ArcLight's existing 9.7 GW portfolio in the PJM Interconnection, totaling 10.8 GW in the region.
- •The acquisition is currently pending approval from the Federal Energy Regulatory Commission (FERC).
Topics
capacity-marketccgtfercfinancingm&apjmsimple-cycle