POWER Magazine•about 1 month ago
Blackstone Investing $1.2 Billion for 600-MW Gas-Fired Plant in West Virginia
Key Takeaway
A major investment in a new 600MW CCGT plant in PJM signals continued demand for dispatchable generation and offers a benchmark for project financing and OEM selection for developers and large power consumers.
AI Summary
- •Blackstone is investing $1.2 billion to construct a 600 MW combined-cycle natural gas power plant (Wolf Summit Energy) in West Virginia.
- •The project will feature GE Vernova equipment and is affiliated with Old Dominion Electric Cooperative, serving 1.5 million customers.
- •This significant investment highlights continued development of dispatchable gas generation, impacting regional capacity and offering insights into project financing and OEM selection for developers and large power consumers.
Topics
capacity-marketccgtfinancinginterconnectoempjmppa
Article Content
Global investment group and asset manager Blackstone said it will support construction of a 600-MW combined-cycle natural gas-fired power plant in West Virginia. The Wolf Summit Energy facility, which will feature GE Vernova equipment, is affiliated with Old Dominion Electric Cooperative, which serves about 1.5 million customers across three states. The post Blackstone Investing $1.2 Billion for 600-MW Gas-Fired Plant in West Virginia appeared first on POWER Magazine .