Starwood Energy Group has agreed to acquire two power plants from Calpine Corporation.
Calpine Corporation will sell its Garrison Energy Center, a 325 MW combined cycle plant located in Delaware, and RockGen Energy Center, a 503 MW peaker located in Wisconsin, projects to Starwood.
The Garrison Energy Center was completed in 2015 and is equipped with a highly efficient dual-fuel combustion facility. The RockGen Energy Center has been in operation since 2001.
The transaction is subjected to approvals of regulatory boards and is expected to close in mid-2019.
King & Spalding LLP served as legal counsel to Starwood while White & Case served as legal counsel to Calpine.