Capital Power completes acquisition of a 50.15% stake in Frederickson 1 Generating Station from Atlantic Power for $98m.

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.