On December 1, 2021 ArcLight Capital Partners successfully closed the acquisition of a larger power generation portfolio in the US identified as Generation Bridge. The portfolio consisted of resources in New York, New England, and California, collectively close to 4.9 GW. The acquisition was financed with $540 million of senior secured credit facilities in the institutional term loan market. A team led by Dimitri Kordonis that included Austin Lu and Abigail Sah supported ArcLight Capital Partners by providing market intelligence, price forecasting, and other transaction support throughout 2021.
In a press release, Dan Revers, Managing Partner and Founder of ArcLight Capital Partners, LLC said, “Generation Bridge complements the ongoing energy transition by providing dispatchable generation and will serve as a platform for the development of additional renewable energy resources. ArcLight remains highly focused on investments supporting the ongoing energy transition, including through its substantial experience in renewable energy, battery storage, and its recently announced 73 MW solar acquisition within our renewables platform.”
