Announced
Completed
Financials
Tags
United States
Single Bidder
natural gas-fired plant
Conventional Electricity
Acquisition
Majority
Private
Private Equity
Completed
Friendly
Domestic
Synopsis
Capital Power, a private equity firm, completes acquisition of a 50.15% stake in Frederickson 1 Generating Station, a natural gas-fired combined-cycle generation facility, from Atlantic Power, an energy and utility company, for $98m. “We are pleased to acquire this high-quality facility in the Pacific Northwest. Consistent with our mid-life natural gas strategy, this acquisition expands our portfolio of dispatchable assets in key markets that support the energy transition by providing reliable, affordable and flexible power while renewables grow and decarbonization solutions develop," Avik Dey, Capital Power President and CEO.
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