French Investment Firm Sells SW Pa. Gas-Fired Power Plant for $1B

A power project we’ve been tracking since 2017 is a 620-megawatt (MW) Marcellus-fired electric plant in Greene County, PA, called the Hill Top Energy Center (see our stories here). In 2019, investment firm Ardian, based in Paris, France, announced that it had purchased a 41.9% stake in the project, becoming the majority owner (see SWPA Gas-fired Electric Plant Project Gets French Investment). In April of this year, Ardian announced it had purchased the other 58.1% stake it did not already own, becoming the sole owner (see French Investment Firm Buys Out SW Pa. Gas-Fired Power Plant). And now, Ardian has just sold it all to investment firm Blackstone Energy Transition Partners for nearly $1 billion.

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