ARCLIGHT TO ACQUIRE OWNERSHIP INTEREST IN KLEEN ENERGY SYSTEMS
BOSTON, Aug. 14, 2023 /PRNewswire/ -- Recently, an affiliate of ArcLight Capital Partners, LLC (collectively, "ArcLight") entered into a definitive purchase agreement with Sojitz Corporation of America ("Sojitz") to acquire Sojitz's indirect ownership interests in Kleen Energy Systems, LLC ("Kleen"), including 100% of the preferred equity and a minority common equity ownership interest. Kleen owns an efficient 620-megawatt natural gas-fired power plant located in Middletown, Connecticut. Financial terms of the private transaction were not disclosed.
- Efficient 620-Megawatt Power Infrastructure Asset in Middletown, Conn.
BOSTON, Aug. 14, 2023 /PRNewswire/ -- Recently, an affiliate of ArcLight Capital Partners , LLC (collectively, "ArcLight") entered into a definitive purchase agreement with Sojitz Corporation of America ("Sojitz") to acquire Sojitz's indirect ownership interests in Kleen Energy Systems, LLC ("Kleen"), including 100% of the preferred equity and a minority common equity ownership interest. - Kleen owns an efficient 620-megawatt natural gas-fired power plant located in Middletown, Connecticut.
- Completed in July 2011, Kleen is one of New England's newest and most efficient natural gas combined-cycle plants, providing critical capacity, energy, and ancillary services.
- "The high-quality asset provides critical infrastructure and grid stability services as one of the core power suppliers in the New England market."