ArcLight Capital Partners is acquiring a 484MW US natural gas-fired power generation asset through a series of transactions from a consortium of unnamed sellers.

The infrastructure fund manager said it has agreed to buy Middletown Energy Center in Butler County, Ohio, without disclosing financial details. Middletown Energy Center commenced operations in 2018.

Angelo Acconcia, partner at ArcLight, said: “With increasing demand for digital infrastructure, Ohio has emerged as a premier hub for data centres, and Middletown Energy Center, with ArcLight’s stewardship, stands ready to meet the substantial electric infrastructure needs of this vital sector.

“This acquisition is the latest example of ArcLight’s value-add electric infrastructure investing strategy, which includes power, renewables, battery storage, transmission, natural gas transmission and storage and digital power.”

Andrew Brannan, managing director at ArcLight, said: “We expect Middletown to play an increasingly critical role in providing reliable and affordable power to a market that is experiencing a rapid expansion of data center-driven demand growth.

“Reliable and efficient power generation is essential to ensuring continued industrial and data centre-related investment in the region, and highly efficient resources such as Middletown are vital to these initiatives.” 

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