LDH Energy acquires 80 MW dual-fuel power plant

Source: Louis Dreyfus Highbridge Energy LLC

Louis Dreyfus Highbridge Energy LLC (LDH Energy) announced that it has acquired, through one of its subsidiaries, an electric power generation facility located in Rensselaer, New York (Rensselaer) from Rensselaer Holdings, LLC. 

Rensselaer is an 80 megawatt combined cycle facility using a Westinghouse combustion turbine, Zurn heat recovery steam generator, and Mitsubishi steam turbine. The Facility has dual-fuel capability using natural gas or oil. Rensselaer interconnects into the New York Independent System Operator in Zone F and is located near Albany, New York. 

“The acquisition of Rensselaer is an important step in building our portfolio of power generation assets,” said Michael Dowling, LDH Energy’s Head of Business Development and President of the Company’s assets business. “This acquisition is representative of our investment philosophy of deploying capital in attractive markets where our merchant activities provide us with market insight. Rensselaer is our second acquisition to close in 2012, and we continue to look for additional opportunities to invest across the energy industry.” 

Locke Lord LLP served as legal counsel to LDH Energy in the transaction.

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