Blackstone Energy Transition Partners Announces Completion of 694MW Magnolia Power Generating Station in Louisiana
Blackstone Inc. (BX)
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Source: Business Wire
Expected to Generate Enough Electricity to Power 500,000 Homes in Louisiana, Project Construction Created Over 400 Local Construction Jobs NEW YORK & PLAQUEMINE, La.--(BUSINESS WIRE)--Blackstone (NYSE: BX) announced today that private equity funds managed by Blackstone Energy Transition Partners (“Blackstone”) have completed construction of the Magnolia Power Generating Station (“Magnolia Power”), a 694-megawatt greenfield combined cycle gas turbine (“CCGT”) power plant in Plaquemine, Louisiana. Today’s announcement marks the beginning of commercial operations at the plant.Blackstone, through its North American power platform, Kindle Energy, started developing Magnolia Power in 2021, at a time when the digitization of data and AI were beginning to contribute to increasing power demand and cementing Kindle’s leading position in gas power development. Construction, which has been underway since 2022, created more than 400 local construction jobs. The facility is expected to produce e
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