Private equity firms, including Energy Capital Partners, are cashing in on natural gas-fired power plants as electricity producers scramble to meet surging demand driven by artificial intelligence, according to a report by Bloomberg.
The firm recently sold three gas plants it acquired from a Blackstone and ArcLight joint venture for $3.45bn, just five months after a $2.3bn purchase, securing a quick profit of more than $1bn.
The flurry of transactions reflects a broader trend, with more than $8b...
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