Rockland Capital to acquire Ector County Power Project for $144m.

Rockland Capital, a private equity company, agreed to acquire Ector County Power Project, a 330 MW natural gas-fired simple cycle power plant, for $144m. “The Ector project is well suited, as a quick start peaking power plant, to provide reliable, dispatchable generation into the ERCOT power market. The Ector project and others like it are critical to enabling the transition to a low-carbon grid by providing the grid operator with dispatchable resources that are essential to balancing a grid increasingly dependent upon intermittent renewable power. Ector presents an excellent opportunity to leverage Rockland’s active asset management capabilities and experience operating successfully through challenging conditions in the Texas power market,” Scott Harlan, Rockland Capital Co-Managing Partner.