Equinor buys 87.71% stake in Lackawanna gas power plant for USD 940 million
EQNR•Ownership, operator and regulatory approvals
The seller is a fund managed by Global Infrastructure Partners, a BlackRock unit.
Invenergy retains the remaining A-shares, holds all B-shares and continues as operator.
The deal expands access to the PJM power market, and closing requires U.S. regulatory approvals.
Equinor agrees to acquire majority stake in Lackawanna Energy Center
Equinor agreed to buy 87.71% of the A-shares in the 1,483 MW Lackawanna Energy Center gas-fired plant in Pennsylvania.
The purchase price was set at USD 940 million, subject to a potential reduction at closing.
