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Private equity firm's purchase of Potomac Energy Center highlights growing infrastructure demands from data centres due to AI workloads Investment management company Blackstone has acquired the ...
Blackstone Energy Transition Partners paid about $1 billion for the 774-megawatt Potomac Energy Center — a natural gas power plant just south of Leesburg, Va., at 20260 Energy Park Drive — according ...
has signed an agreement to acquire the Potomac Energy Center, a 774-megawatt (MW) natural gas power plant in Loudoun County, Virginia, to support growing power demand among data centers.
Terms of the deal were not disclosed, but Reuters reported the sale price for the Potomac Energy Center at around $1 billion. The seller is Los Angeles-based investment firm Ares Management Corp ...
Latham & Watkins LLP advised Ares Management in the sale of Potomac Energy Center to Blackstone, with experts across multiple legal areas contributing to the deal.