Wedoany.com Report on Mar 16th, ArcLight Capital Partners has signed an agreement to acquire InfraBridge's 50% stake in Invenergy AMPCI Thermal Power (IATP). IATP is a North American power generation portfolio with a total installed capacity of 5.4 gigawatts, comprising 11 power infrastructure projects.

Upon completion of the transaction, Invenergy will retain its ownership and continue to be responsible for the operational management of these assets. The power portfolio includes several combined-cycle power plants, such as the Grays Harbor Energy Center in Washington, the Lackawanna Energy Center in Pennsylvania, the Nelson Energy Center in Illinois, and the St. Clair Energy Center in Ontario.

Sadiq Malik, Co-Head of InfraBridge, stated: "This transaction reflects InfraBridge's disciplined investment strategy and our focus on consistently delivering stable returns for our investors. We are pleased with our long-term partnership with Invenergy and the performance of the IATP portfolio. ArcLight brings extensive experience in the North American power markets, and we are confident the business will continue to perform well under its new ownership structure."

Neither InfraBridge, under DigitalBridge Group, nor ArcLight disclosed the financial terms of this private transaction. The acquisition is subject to regulatory approvals and customary closing conditions. Andrew Brannan, Managing Director at ArcLight, noted: "IATP is a unique and diversified portfolio of contracted power infrastructure assets, providing significant low-cost power across seven markets. We look forward to collaborating with Invenergy to unlock value from this power portfolio while ensuring grid stability and resource adequacy."

The companies expect to complete the transaction in the second half of 2026. Bank of America Securities and Morgan Stanley acted as financial advisors to InfraBridge and ArcLight, respectively, in this transaction.