Advertise your business here! 🚀

Contact us now and get more customers.

Smiling woman thumbs up

Arclight To Acquire Kleen Power From Osaka Gas And Kyuden

powerplant
Apr 15, 2025
Article Source LogoPower Technology
Power Technology

ArcLight Capital Partners (ArcLight) has made a definitive purchase agreement with Osaka Gas USA and Kyuden International Americas to acquire their interests in Kleen Energy Systems, a 620MW natural gas-fired power generation asset in New England, US.

The acquisition aligns with ArcLight’s strategy to address increasing power demand driven by AI and electrification trends.

The gold standard of business intelligence.

Find out more

AI-driven data centre development and increased electrification, such as electric vehicle adoption, are driving the demand for sustainable and affordable power solutions.

ArcLight partner Angelo Acconcia stated: “ArcLight’s acquisition of Kleen Power leverages its deep investment expertise across over 50 power investments since 2001, along with its ability to acquire strategic power infrastructure assets and utilise ArcLight’s value added investment playbook and resources to enhance value and the ability to provide critical and reliable power.”

The transaction, expected to close in 2025, is subject to regulatory approvals.

ArcLight’s power management team, Alpha Generation Services, led by Curt Morgan, will manage Kleen Power.

ArcLight managing director Andrew Brannan stated: “Kleen is a high-quality combined cycle providing critical infrastructure and reliable energy supply as one of the most efficient natural gas-fired assets in the New England market, serving a real and growing market need.”

Legal counsel for ArcLight is Latham & Watkins, with MUFG as financial advisor.

Since 2001, ArcLight has managed more than 65GW of assets and 47,000 miles of electric and gas transmission infrastructure, with an enterprise value of $80bn.

Alpha Generation, a strategic partnership owned by an affiliate of ArcLight, recently announced its plans to provide an additional 450MW of electricity generation to four existing power plants located in the US states of Maryland, New Jersey and Ohio.

This move forms part of PJM’s reliability resource initiative, which seeks to tackle the rising demand for power driven by electrification and industrial needs.

Share Your Insights!

Publish your articles, reach a global audience, and make an impact.

0
Recent Comments

Power Plant Related News You might want to check out

View by
Gamuda To Co-Develop 1.2 Gw Renewable Portfolio In Tasmania
Gamuda To Co-Develop 1.2 Gw Renewable Portfolio In Tasmania
Powerline
04 July 2025
powerplant
India Accelerates Clean Power Push With 16 Gw Added And Major Solar-Storage Tenders – Eq
India Accelerates Clean Power Push With 16 Gw Added And Major Solar-Storage Tenders – Eq
EQ Mazagine
04 July 2025
powerplant
Seci Achieves 60 Gw Milestone In Power Sale Agreements For Renewable Energy
Seci Achieves 60 Gw Milestone In Power Sale Agreements For Renewable Energy
Powerline
03 July 2025
powerplant
Uk Government Unveils Solar Roadmap, Outlines Steps To 47 Gw By 2030
Uk Government Unveils Solar Roadmap, Outlines Steps To 47 Gw By 2030
PV Magazine
01 July 2025
powerplant
Belgium Expected To Reach 33.6 Gw Of Pv Capacity By 2035
Belgium Expected To Reach 33.6 Gw Of Pv Capacity By 2035
PV Magazine
01 July 2025
powerplant
Uk Rejects Cfd Bid For 10.5 Gw Morocco Solar-Wind Subsea Cable
Uk Rejects Cfd Bid For 10.5 Gw Morocco Solar-Wind Subsea Cable
PV Magazine
01 July 2025
powerplant
Premier Energies Commissions 1.2 Gw Topcon Solar Cell Line In Telangana
Premier Energies Commissions 1.2 Gw Topcon Solar Cell Line In Telangana
Powerline
30 June 2025
powerplant
Sunkind Partners With Ja Solar For 6.4 Gw Of Pv Manufacturing In India
Sunkind Partners With Ja Solar For 6.4 Gw Of Pv Manufacturing In India
PV Magazine
30 June 2025
powerplant
China To Deploy 253 Gw Of Pv For Desert Control In Arid North
China To Deploy 253 Gw Of Pv For Desert Control In Arid North
PV Magazine
30 June 2025
powerplant
Geothermal Investment Soars 85% As Innovative Tech Unlocks 500 Gw Us Potential
Geothermal Investment Soars 85% As Innovative Tech Unlocks 500 Gw Us Potential
Renewable Energy Magazine
30 June 2025
powerplant
Longi And Pertamina Nre To Set Up 1.6 Gw Solar Panel Plant In Indonesia
Longi And Pertamina Nre To Set Up 1.6 Gw Solar Panel Plant In Indonesia
Powerline
26 June 2025
powerplant
Adani Group Plans Usd15–20 Billion Annual Investment To Achieve 100 Gw Power Capacity By 2030
Adani Group Plans Usd15–20 Billion Annual Investment To Achieve 100 Gw Power Capacity By 2030
Powerline
26 June 2025
powerplant