ArcLight signs agreement to own 570 MW Griffith Energy combined-cycle gas-fired power plant in Mohave County
ArcLight Capital Partners, LLC has entered into an agreement to acquire 100% of the ownership interests in Griffith Energy LLC from Star West Generation LLC, a portfolio company of funds managed by Oaktree Capital Management, LLC.
Griffith, a 570 MW gas-fired combined-cycle generation facility, is located in Mohave County, Arizona, near the California and Nevada borders. Griffith is a highly efficient resource that serves the rapidly growing Desert Southwest power market and sells summer capacity and electricity to a regional load-serving entity under a long-term contract.
The transaction is expected to close in the second quarter of 2020, subject to customary regulatory approvals and closing conditions.
Milbank LLP is serving as primary legal counsel to ArcLight. Barclays is serving as exclusive financial advisor and Morgan, Lewis & Bockius LLP is serving as primary legal counsel to Oaktree.
Country updates
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March 02, 2020
Greenbacker begins construction of 61 MW Turquoise solar project in Washoe County
Greenbacker Renewable Energy Co LLC has initiated the construction of its 61 MW solar project located in Reno Technology Park in Washoe County, Nevada, USA. The turquoise solar farm will be powered b...
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February 28, 2020
Carolina Solar, Ecoplexus sets to build a 35 MW Millfield solar project in Charlotte
North Carolina, in partnership with Carolina Solar Energy and Ecoplexus Inc. has announced to construct a 35 MW Millfield solar project. The solar photovoltaic plant will be located in the city...
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February 28, 2020
WEPCO, MGE receives approval to acquire the 150 MW Badger Hollow phase 2 solar project in Iowa
Wisconsin Electric Power Co (WEPCO), a unit of WEC Energy Group Inc (WEC), and Madison Gas and Electric (MGE) has received approval from the Public Service Commission of Wisconsin to acquire the 150 M...
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February 26, 2020
COWI to design an electrical system for the 2500 MW Atlantic Shores Offshore Wind project
COWI has been selected to design the electrical system for the Atlantic Shores Offshore Wind project with the potential to supply up to 2,500 megawatts, located off the coast of New Jersey, New York....
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February 24, 2020
Clearway completes repowering of 161 MW Wildorado wind project in Oldham County
Clearway Energy Group, through its ownership interest in Repowering Partnership II LLC, has completed its wind repowering project in Texas. Wildorado, a 161 MW wind farm located in Oldham County, ori...
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