Blackstone to Acquire Hill Top Energy for $1Bn


   
   HOUSTON, TX (DTN) --Blackstone announced Monday (9/15) that private equity 
funds managed by Blackstone Energy Transition Partners have agreed to acquire 
Hill Top Energy Center - a 620-megawatt natural gas power plant in Western 
Pennsylvania- from global private investment firm Ardian, in a transaction 
valued at nearly $1 billion.

   This transaction follows Blackstone's previously announced $25 billion 
investment in July to advance Pennsylvania's digital and energy infrastructure. 
The initiative is expected to support the growing demand of artificial 
intelligence and to catalyze an additional $60 billion investment across the 
Commonwealth.

   Hill Top is one of the newest combined cycle gas turbine plants, which is 
expected to support the power needs related to data center development and 
other use cases in the Pennsylvania-New Jersey-Maryland electric market.

   Blackstone also recently made an investment in Potomac Energy Center 
774-megawatt natural gas power plant in Loudoun County, Virginia, and has been 
in late-stage development or construction for nearly 1,600 megawatts of 
new-build power generation capacity over the last three and a half years in the 
United States.

    




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