Equinor buys 87.71% stake in Lackawanna gas power plant for USD 940 million

Reuters2026/08/17 14:12

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Equinor agreed to buy 87.71% of the A-shares in the 1,483 MW Lackawanna Energy Center gas-fired plant in Pennsylvania.
Purchase price set at USD 940 million, subject to a potential reduction at closing.
Seller is a fund managed by Global Infrastructure Partners, a BlackRock unit.
Invenergy retains the remaining A-shares, holds all B-shares, continues as operator.
Deal expands access to the PJM power market; closing requires US regulatory approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Equinor ASA published the original content used to generate this news brief on August 17, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Equinor buys 87.71% stake in Lackawanna gas power plant for USD 940 million

You may also like

Crypto prices