Deals

Parkway Generation

Arclight NJ/MD Thermal Portfolio - Project Acquisition Financing

Borrower (s)
Parkway Generation
Industry
Power/Gas-fired combined cycle
Area of finance
Project & Infrastructure Finance
Region
North America
Countries
United States

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Achievements

Sustainable Deal

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Deal Awards
North America Acquisition - 2022

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Deal Overview

On February 18, 2022, ArcLight Capital Partners completed an acquisition of nine natural gas-fired power generation facilities in New Jersey and Maryland totaling 4.8 GW (“Parkway Generation”) from Public Service Enterprise Group for $1.37Bn. The transaction represents the largest...

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On February 18, 2022, ArcLight Capital Partners completed an acquisition of nine natural gas-fired power generation facilities in New Jersey and Maryland totaling 4.8 GW (“Parkway Generation”) from Public Service Enterprise Group for $1.37Bn. 

The transaction represents the largest acquisition of power generation assets in over five years.


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Deal Volume
$1.24bn
Financial Close
18 February 2022
Sources
Submitted by participant(s)
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Tranches

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Projects

Essex Generating Station

Greenfield
Gas-fired combined cycle
North America
United States
$1.24bn

Companies Involved

Administrative Agent
Morgan Stanley

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