Strategic Value Partners Acquires Minority Stake in Ohio Gas-Fired Power Plant
Global investment firm Strategic Value Partners (SVP) has acquired a minority equity interest in the South Field Energy natural gas-fired power plant, located in Columbiana County, Ohio. The facility is a 1,182-MW combined-cycle plant that began operations in 2021 and utilizes GE's advanced 7HA turbines. The investment was made through SVP’s partnership with EverGen Power, an asset management firm established to support power generation investments across North America. South Field Energy is highlighted for its efficiency within the PJM Interconnection grid and serves as a critical source of baseload power in one of the most supply-constrained markets. SVP has over $21 billion under management and continues expanding into energy infrastructure, having recently acquired Birdsboro Power, another gas-fired plant. The firm sees growing demand for reliable generation due to increasing data center needs and market consolidation.