Strategic Value Partners to acquire Red Oak power facility from Morgan Stanley Infrastructure Partners.

Strategic Value Partners, an investment management firm, agreed to acquire Red Oak power facility from Morgan Stanley Infrastructure Partners, a compeny that directs and manages infrastructural assets for individual and institutional investors. Financial terms were not disclosed. “Red Oak demonstrates MSIP’s ability to create long-term value by bringing operational, commercial and financial expertise to our portfolio. Red Oak is a critical resource to the Northeast region and its role has become increasingly vital as the US power market grapples with load growth and challenges adding new supply,” Markus Hottenrott, Morgan Stanley Infrastructure Partners CIO.