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LS Power Completes Sale of Calhoun Energy Center

LS Power Completes Sale of Calhoun Energy Center

May 16, 2016

LS Power Equity Advisors, through a private fund it manages, has closed on the sale of its 100% ownership interest in the 747 MW Calhoun Energy Center to East Alabama Generating, LLC, a subsidiary of Harbert Power Fund V, LLC. LS Power Equity Advisors originally acquired the project from a subsidiary of NextEra Energy Resources in 2011 along with three other assets.

About LS Power:

Founded in 1990, LS Power is a premier development, investment, and operating company focused on the North American power and energy infrastructure sector, with leading platforms across generation, transmission and energy transition solutions. Since inception, LS Power has developed or acquired over 47,000 MW of power generation, including utility-scale solar, wind, hydro, battery energy storage, and natural gas-fired facilities. Through LS Power Grid, the firm has built and operates approximately 680 miles of high-voltage transmission and has another 200+ miles and multiple grid infrastructure projects currently under construction or development. Across its efforts, LS Power actively invests in and scales businesses that are accelerating the energy transition, including electric vehicle charging, demand response, microgrids, renewable fuels and waste-to-energy platforms. Over the years, LS Power has raised $53 billion in debt and equity capital to support North American infrastructure.