Starwood Energy To Sell 50% Interest In PJM, ISO-NE Power Plants
Starwood Energy Group Global, LLC announced that it has signed an agreement to sell a 50% equity interest in its Compass Power Generation gas-fired portfolio to JERA.
Compass Power Generation is comprised of the 840 MW Marcus Hook Energy Center in PJM, and the 173 MW Dighton facility and the 160 MW Milford facility, both of which are located in ISO New England
Starwood Energy acquired Marcus Hook in 2016 and Milford and Dighton in 2017. The portfolio was combined and refinanced in the Term Loan B market in December 2017
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