ArcLight Capital Partners announces agreement to sell 125 MW natural gas-fired plant in Michigan
ArcLight Capital Partners, LLC has announced that ArcLight Energy Partners Fund II, L.P. and ArcLight Energy Partners Fund V, L.P. have entered into an agreement to sell 100% of the indirect interests in Michigan Power LP, LLC, the owner of a cogeneration facility located in Ludington, Michigan to a subsidiary of Rockland Power Partners II, L.P.
Michigan Power is a fully contracted, 125 MW natural gas-fired combined cycle cogeneration plant that sells 100% of its electric output to Consumers Energy Company under the terms of a long-term power purchase agreement (PPA).
Additionally, the project supplies steam and compressed air to Occidental Chemical Corporation's Ludington plant under the terms of a steam sales agreement (SSA).
The sale is expected to close by year end following receipt of customary approvals.
ArcLight is a private equity firm focused on North American and Western European energy assets. Since its establishment in 2001, the company has invested over $13.1 billion across multiple energy cycles in more than 90 investments.
Country news
-
-
October 27, 2015
Blue Earth announces acquisition of 13MWp Solar Project in Oregon
Blue Earth has acquired the 13 MW Moores Hallow solar project located in Malheur County, Oregon (USA). Read more -
October 26, 2015
sPower Wins 68.8MW Southern California Public Power Authority PPA
sPower has been awarded a 20-year power purchase agreement (PPA) with Southern California Public Power Authority (SCPPA) to provide 68.8MWdc (55MWac) of solar power. Read more -
October 23, 2015
AMP Capital invests in a portfolio of thermal generating assets across the US and Canada
AMP Capital has reached financial close on a US$200 million subordinated debt investment in Invenergy Clean Power Read more -
October 22, 2015
Google invests in EDP Renováveis’ 199 MW wind farm in the US
EDP Renováveis, S.A. (EDPR) has secured US$240 million of institutional equity financing from an affiliate of Google, in exchange for an interest in the 199 MW Waverly wind project located in the State of Kansas, US. Read more -
October 21, 2015
Hannon Armstrong raises US$103.5 million in public offering
Hannon Armstrong Sustainable Infrastructure Capital has raised a total of US$103.5 million through its public offering of 5,750,000 shares Read more
