ContourGlobal agreed to acquire power plants from Western Generation Partners for $837m.

ContourGlobal, a British power generation business, agreed to acquire a portfolio of natural gas-fired and combined heat and power assets from Western Generation Partners, a private equity firm, for $837m. The proposed acquisition is expected to complete in Q1 2021, subject to certain closing conditions. "We are very pleased to announce the continued expansion of our Caribbean and Solutions businesses and the entry into the United States market with this acquisition of contracted combined heat and power and flexible natural gas assets. This transaction fits squarely into our strategic and financial approach to acquisitions, which seeks high quality growth through operationally led strategic acquisitions," Joseph C. Brandt, ContourGlobal President and CEO.