partners group acquires california energy assets for 2.2 billion dollars
Partners Group is set to acquire an energy asset management platform and a portfolio of 11 gas-fired power plants in California from Avenue Capital Group for $2.2 billion. This deal includes Middle River Power, which focuses on on-site battery energy storage systems, crucial for grid reliability amid rising power demand driven by data centers and increased electricity use in homes and businesses. The transaction highlights the growing importance of natural gas and battery storage in supporting the U.S. energy infrastructure.
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