Blackstone
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GasBlackstone Acquires Gas-Fired Plant in Pennsylvania in $1 Billion Deal
Blackstone, the world’s largest alternative asset manager, said its energy-focused private equity business has a deal to buy the 620-MW natural gas-fired Hill Top Energy Center in Pennsylvania. The agreement announced September 15 will see Blackstone Energy Transition Partners acquire the power station from Ardian, a global private investment firm. Blackstone officials said the purchase […]
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TrendsBlackstone to Acquire 774-MW Virginia Gas Plant in ‘Data Center Alley’ in Reported $1B Deal
Prominent private equity investment firm Blackstone has agreed to acquire the 774-MW Potomac Energy Center—a natural gas power plant located in Virginia’s “Data Center Alley”—in a deal reportedly valued at approximately $1 billion, according to sources familiar with the matter. Previously known as the Panda Stonewall Energy Facility, the Potomac Energy Center is situated within […]