Starwood Energy Group Global, LLC announced that it has signed an agreement to acquire a two-asset portfolio from Calpine Corporation consisting of Garrison Energy Center, a 325MW combined cycle plant located in Delaware, and RockGen Energy Center, a 503MW peaker located in Wisconsin.

Garrison, which was constructed in 2015, is a dual-fuel power plant, located in Dover, DE, within the EMAAC zone of PJM. RockGen, located southeast of Madison, WI, is a simple-cycle, dual-fuel power plant built in 2001 that dispatches into MISO Zone 2.

The portfolio is fully contracted with various counterparties with a weighted average life of nearly five years.

The transaction is subject to customary regulatory approvals and is expected to close in mid-2019.

Tags:
Starwood Energy Group   Calpine   M&A  

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