Macquarie sells 940MW Lordstown Power Station to Arclight | Information

Arclight Capital Partners acquires 940MW gas turbine combined cycle power plant in Ohio from Macquarie America’s infrastructure fund managed by Asset Management.

Macquarie Infrastructure Partners III – which acquired the Lordstown Power Station as part of a merger in April 2016, ahead of the start of construction of the plant and the start of operations in October 2018 – said it had decided to sell the property to an Arclight partner without disclosing anything. financial statements.

ArcLight said its Alpha Generation partners will manage Lordstown following the closing of the deal.

Lordstown provides energy and capacity for the Pennsylvania/New Jersey/Maryland (PJM) market.

Karl Kuchel, CEO of Macquarie Infrastructure Partners, said: “We are very proud to support the successful construction of the Lordstown plant and then partner with the management team to ensure a secure supply of reliable energy to Ohio and the broader PJM market over five years. and half past.”

Dan Revers, managing partner at ArcLight Capital Partners, said: “We expect Lordstown to play a key role in providing reliable and affordable power to a market that is experiencing significant growth in demand driven by electricity distribution and the proliferation of data centers.

“Efficient resources like Lordstown are critical to the integration of renewable energy resources and ensuring the continued clean energy transition.”

Andrew Brannan, managing director at ArcLight Capital Partners, said: “ArcLight is pleased to announce this strategic investment as part of our ongoing value-add strategy focused on electricity infrastructure, including renewables, battery storage and low-carbon infrastructure .

“ArcLight and AlphaGen aim to position Lordstown to support and benefit from a sustainable, sustainable transition to a low-carbon future.”

Mike Bruneau, Senior Representative of corporate development and strategy at AlphaGen, said: “AlphaGen is looking forward to integrating the advanced Lordstown facility into its managed flexible gas production portfolio that is essential to the successful transition to clean energy.

“With this addition, our footprint increases to nearly 14GW of energy infrastructure, further expanding our market exposure in an area that is experiencing high load growth. We are eager to continue our participation in PJM’s ongoing market transformation.”

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