Talen Energy sells 400MW power plant

US power producer Talen Energy has sold a 399MW coal-fired power plant. It has been bought by an affiliate of Avenue Capital Group. The sale is part of a requirement […]

Register now!

By admin

US power producer Talen Energy has sold a 399MW coal-fired power plant.

It has been bought by an affiliate of Avenue Capital Group.

The sale is part of a requirement to divest certain assets in Maryland to comply with a legal order when Talen Energy was established earlier this year.

The asset sales to date now total 1,395MW. The firm is continuing to review and evaluate options for the remaining assets.

The transaction is expected to close in the first quarter of 2016 following receipt of regulatory approvals.