Fortistar buys Castleton Power Plant in New York

natural gas fired plant nov 3 elp

Fortistar closed on its purchase of Castleton Power, a 72 MW gas-fired combined cycle power plant located in Castleton-on-Hudson, New York.

The General Electric Frame 6 turbine power plant dispatches into the NYISO Zone F. The seller was Castleton Energy Center (a portfolio company owned by a private investment fund managed by Wayzata Investment Partners).

Fortistar currently owns and operates two other natural gas-fired combined cycle plants in New York: the 221 MW Lockport Energy Associates plant in Lockport; and the 55 MW North Tonawanda facility in North Tonawanda. These projects dispatch into NYISO Zone A. Like the Castleton plant, these two projects are based on the GE Frame 6 turbine. Fortistar also owns a 6 MW landfill gas facility in Albany, NY.

“This plant is a strategic investment that enhances our diverse energy generation asset portfolio while building on our existing operations in New York State,” said Mark Comora, CEO, Fortistar. “Plus, local energy generation creates jobs and keeps dollars in the community.”

For more than 30 years as a privately-owned firm, Fortistar has built, invested in and managed an unparalleled portfolio of successful energy generation projects in the U.S. and Canada. Fortistar’s ability to forge strong relationships with partners and local communities has been a hallmark of the company’s success.

Scotia Capital served as exclusive financial advisor to Castleton Energy Center.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Latest Energy Jobs

View more Job Listings >>

Archived Articles

PennEnergy Articles
2008 | 2009 | 2010 | 2011 | 2012 | 2013

OGJ Articles
2011 | 2012 | 2013

OGFJ Articles
2011 | 2012 | 2013

Power Engineering Articles
2011 | 2012 | 2013

Power Engineering Intl Articles
2011 | 2012 | 2013

Utility Products Articles
2011 | 2012 | 2013

HydroWorld Articles
2011 | 2012 | 2013

COSPP Articles
2011 | 2012 | 2013

ELP Articles
2011 | 2012 | 2013