Blackstone Energy Transition Partners Announces $1.2 Billion Investment to Build First-ever Natural Gas Power Generation Facility in West Virginia
Blackstone Inc. (BX)
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Source: Business Wire
Project Expected to Create 500 Construction Jobs, Spur Local Economic DevelopmentWill Help Meet Rising Electricity Demand from Growing Economy and AI/Data Center Innovation NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX), through funds affiliated with Blackstone Energy Transition Partners (collectively, “Blackstone Energy Transition Partners”), today announced a $1.2 billion investment to build Wolf Summit Energy (“Wolf Summit”), a fully contracted, 600-megawatt greenfield combined-cycle gas turbine (“CCGT”) power generation facility in Harrison County, West Virginia. Last week’s Final Investment Decision (“FID”) provides financing for the project, allowing it to commence construction.Wolf Summit will be the first-ever combined-cycle natural gas power plant built in West Virginia and is designed to help deliver efficient and reliable power to meet the growing local energy needs – including from data centers supporting AI innovation – of Old Dominion Electric Cooperative (ODEC), wh
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