Talen Energy Buys Natural Gas-Fired Power Plants, Sells Renewable Unit

 Talen Energy Buys Natural Gas-Fired Power Plants, Sells Renewable Unit

Talen Energy Corp. completed the acquisition of MACH Gen LLC and the sale of Talen Renewable Energy LLC.
The $1.175 billion MACH Gen acquisition adds three combined-cycle natural gas-fired power plants totaling more than 2,500 MW of generating capacity to Talen Energy’s fleet. The power plants are located in New York, Massachusetts and Arizona.
California-based Energy Power Partners purchased Talen Renewable Energy, which includes 25 clean power projects in Pennsylvania, New Jersey, Vermont and New Hampshire with a nameplate generating capacity of 65 MW.
With the closing of the deals, Talen Energy owns or controls about 17,600-MW of generating capacity, not including announced divestitures of 1,400 MW expected to close in first quarter 2016.

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


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

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

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...