Announced
Financials
Tags
Conventional Electricity
Majority
Friendly
Acquisition
United Kingdom
Cross Border
Pending
Single Bidder
power generating
Private Equity
Private
Synopsis
Equinor, a petroleum refining company, and SSE, a multinational energy company headquartered in Perth, Scotland, agreed to acquire Triton Power, a private power generating company based in the UK, from Energy Capital Partners, an energy-transition infrastructure investor, for $418m. The acquisition of Triton Power strengthens Equinor and SSE Thermal's portfolio of low carbon solutions in the UK. This already includes plans for hydrogen power plants, hydrogen storage and CCGTs with carbon capture and storage in Keadby and Peterhead, Scotland.
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