A new joint venture backed by alternative asset management firm Northampton Capital Partners and Olympus Power will acquire three power plants from a subsidiary of Vistra.
Financial terms of the deal were not disclosed.
The joint venture, known as Winslow Power, will buy a 541-megawatt facility in Veazie, ME., a 108-megawatt combustion turbine in Croghan, N.Y., and a 103-megawatt combustion turbine in Solvay, N.Y. The plants have a combined capacity of 752 megawatts.
The companies said Tuesday the joint venture is meant to meet growing electricity demands, adding that they intend to pursue additional scaling opportunities through Winslow.
"We are excited by the growth of energy demand in NYISO and ISO New England and the opportunities created by the ownership and operation of well-maintained and reliable electricity infrastructure in those markets," Olympus Chief Executive Officer Richard Vicens said.
The transaction is expected to close later this year.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
June 30, 2026 16:54 ET (20:54 GMT)
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