TVA to acquire $340 M power plant in Missouri
The Tennessee Valley Authority (TVA) has announced plans to acquire the 760 MW Quantum Choctaw combined-cycle power plant near Ackerman, in Missouri, USA.
TVA would purchase the asset from an affiliate of Quantum Utility Generation, which acquired the power plant three years ago from GDF Suez North America.
The transaction has an estimated value of US$340 million.
TVA directors has also approved a plan to enter into a 20-year power purchase agreement (PPA) with NextEra Energy for an 80 MW solar power facility in northern Alabama.
Since 2007, TVA has built or bought five combined-cycle gas plants with 3,900 MW of capacity. During the last year, TVA has approved the development of two more gas plants to replace aging coal-fired plants.
We have recently reported about several power transactions in the USA:
- Northleaf Capital Partners partners with Ormat Technologies to invest in Power Plants
- Starwood Energy acquires of Quail Run Energy Center
- ArcLight Capital Partners LLC sells Bayonne Energy Center
- DTE Energy to acquire 350 MW of gas power
- The Carlyle Group acquires 96 MW Malaga Peaking Plant
- The Carlyle Group acquires 75.05% stake in six power plants in Georgia
- Starwood Energy Group purchases Lakeside Generation
Country news
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February 20, 2015
Crowell & Moring hires energy project finance partner
Crowell & Moring LLP has announced the addition of partner Elliot Hinds to the firm's Energy and Corporate groups in the U.S.. Hinds joins the firm from Akin Gump Strauss Hauer & Feld LLP, where he was a member of that firm's Global Project Finance Group. Read more -
February 23, 2015
NextEra Energy announces CFO transition plan
NextEra Energy, Inc. last week announced that Moray P. Dewhurst, vice chairman and chief financial officer, has shared with the board of directors his intention to retire in the spring of 2016 as part of a planned leadership succession process. Read more -
February 24, 2015
Blackstone Energy Partners II reaches $4.5 billion hard cap
Blackstone has announced the commencement of the investment period for its second energy-focused private equity fund, Blackstone Energy Partners II (BEP II), with total commitments of US$4.5 billion. Read more -
February 24, 2015
Triloma and EIG form Joint Venture to Invest in Energy Debt
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February 25, 2015
Blackrock acquires 50% stake in 200MW wind farm
A fund managed by BlackRock’s Infrastructure Investment Group has purchased a 50% interest in the 200MW Hereford Wind Project, located in Deaf Smith County, Texas from EDF Renewable Energy. Read more
