Blackstone to acquire Hill Top Energy Center from Ardian for $1bn.

Blackstone Energy Transition Partners, a private equity business specializing in energy transition and infrastructure, agreed to acquire Hill Top Energy Center, a 620-megawatt natural gas power plant in Pennsylvania, from Ardian, a global private investment firm, for $1bn. “The electricity infrastructure required to power the AI revolution requires a tremendous amount of capital. We are proud to make our latest investment in this sector – which is among our highest conviction investment themes – in Western Pennsylvania. Hill Top is among the best-in-class and a highly efficient modern power generation facility that is exceptionally well positioned to help Pennsylvania and the region serve as a key center of AI innovation,” Bilal Khan and Mark Zhu, Blackstone Energy Transition Partners Senior Managing Director and Managing Director.