Blackstone will spend $ 1 billion to buy a Virginia power plant near the data center
David Flunqi
(Reuters) -The subsidiaries dedicated to the energy industry investment have agreed to acquire Potoma Energy Center. The asset management company told Reuters on Thursday that the transaction symbolizes the attractiveness of investors near the data center near the data center. Essence
According to a statement, Blackstone Energy Transition Partners has agreed to purchase 774 MW Natural Gas Power Plant in Laude County, northern Virginia.
The statement did not provide financial details, but people familiar with the matter said that Blackstone Group would pay about $ 1 billion for the facility. Investment company Ares Management has owned the factory since 2021.
The Poto Mark Energy Center is located in northern Virginia outside Washington. It is estimated that there is about a quarter of the current capacity of the US data center.
Bilackstone Energy Transition Partners Senior Managing Director Bilal Khan said that this neighborhood is one of the reasons why the Poto Mark Energy Center is so attractive.
“This opportunity is unique,” Khan told Reuters. “Not only because of its geographical location and unparalleled access to the Virginia data center, but also because of the efficiency of the factory and the younger facilities.”
The factory was built in 2017.
The vigorous development of artificial intelligence and data centers is pushing the demand for power to a record level, and it is expected to continue to grow in the next ten years. This makes power generation assets more and more attractive, especially for gas power plants that can provide stable power output required for data centers.
Earlier this month, Contellation Energy agreed to acquire Calpine for $ 16.4 billion. In the past two decades, the largest power transaction in the United States has designed to add Calpine’s main gas units to the existing nuclear power generation portfolio in Contellation.
Blackstone has been through a number of strategic investment data centers and energy infrastructure that provides power. In September, the company agreed to acquire AIRTRUNK, an Australian data center operator at $ 16 billion, and Coreweave, an artificial intelligence cloud platform, said in May that it has raised $ 7.5 billion in debt financing from investment companies such as Blackstone.
(David Fllenqi reported in New York; Stephen Kitz editor)
