Goldman unit sells power plant stakes
Cogentrix Energy, a unit of investment bank Goldman Sachs, has sold an 80% stake in 14 power plants to Energy Investors Funds (EIF), a buyout firm specialising in US energy and power assets.
Terms of the agreement were not disclosed, and reports say Goldman is aiming to structure the transaction as an all-cash sale to close by November 1, pending regulatory approvals.
EIF's United States Power Fund III LP is buying into 14 power projects totalling 2,336 net megawatts of generating capacity
More on Electricity
Energy Risk at 30: Learning from the past
Energy Risk looks back at the seminal events and developments that have shaped today’s energy markets
How quants shaped the modern energy markets
The business models of today’s utility firms are built on quantitative analysis, but the introduction of these techniques in the 1990s was far from smooth
Energy Risk Awards 2025: Nodal Exchange interview
Energy and environmental markets outlook, the impact of AI on power markets and Nodal Exchange’s plans
GEN-I: a journey of ongoing growth
GEN-I has been expanding across Europe since 2005 and is preparing to expand its presence globally
One to watch: Dexter Energy
Energy Risk Awards 2025: Tech firm uses AI and weather tools to support power trading amid rise in renewables
Commodity exchange of the year: Nodal Exchange
Energy Risk Awards 2025: Volumes at US power and environmental markets exchange surge as price volatility creates risk management imperative
One to watch: ENGIE’s CO2 battery deal with Energy Dome
Energy Risk Awards 2025: Energy firm’s pioneering offtake deal brings first full-scale CO2 battery to market
Electricity house of the year: Natixis CIB
Energy Risk Awards 2025: Bank launches raft of innovative deals across entire electricity supply chain
