Utility Dive•3 months ago
Talen in deal to buy 2.6 GW of gas plants in PJM for $3.5B
- •Talen Energy is acquiring 2.6 GW of gas-fired generation assets in PJM for $3.5 billion, signaling a major consolidation in the power sector.
- •The acquisition price of approximately $1.35 million per MW reflects strong demand for dispatchable generation assets in the PJM market.
- •This deal is driven by the surging demand for reliable power from data centers and broader electrification efforts, highlighting the critical need for new and existing dispatchable capacity.
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