By LLENTOWN, Pa. — Talen Energy Corporation (announced Monday (11/2) that it has completed the acquisition of MACH Gen, LLC and the sale of Talen Renewable Energy, LLC.
The $1.175 billion MACH Gen acquisition adds three combined-cycle, natural gas-fired power plants with more than 2,500 megawatts of generating capacity to Talen Energy’s fleet. The plants are located in upstate New York, western Massachusetts and western Arizona.
The sale of Talen Renewable Energy to California-based Energy Power Partners includes 25 clean power projects in Pennsylvania, New Jersey, Vermont and New Hampshire that have a combined nameplate generating capacity of 65 megawatts.
With the closing of these transactions, Talen Energy owns or controls about 17,600 megawatts of generating capacity. The total does not reflect announced divestitures of about 1,400 megawatts that are expected to close in the first quarter of 2016.
Founded in 2009, Energy Power Partners is a private equity and infrastructure firm pursuing long-term investments in small to medium-sized North American clean power projects with contracted cash flows. The firm’s current portfolio consists of operating assets located in the U.S. and contracted with highly creditworthy utility, corporate, and government off-takers.
Talen Energy is one of the largest competitive energy and power generation companies in North America. Our diverse generating fleet operates in well-developed, structured wholesale power markets.
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