From Yahoo Finance: 2025-05-05 07:33:00

Strategic Value Partners (SVP) has acquired a stake in Birdsboro Power facility in Pennsylvania, managing assets worth $22bn. The 485MW natural gas-fired facility began operations in 2019 and is a key asset in the region, providing low-cost power to customers in Pennsylvania and the PJM area.

The facility features GE’s advanced 7HA.02 gas turbine and aligns with SVP’s partnership with EverGen Power to acquire and manage power assets in North America. EverGen co-CEOs are excited about the environmentally advantaged plant’s potential to meet growing demand.

SVP has expertise in real asset sectors, with $3bn invested in power assets since 2001. They also hold majority ownership of GenOn and have made significant investments in energy assets. SVP head of North American corporate investments highlights the potential for efficiency improvements at Birdsboro Power with renewed engagement and oversight.

Read more: Strategic Value Partners completes acquisition of stake in Birdsboro Power facility