Ardian has acquired the remaining equity stake in Hill Top Energy Center, a state-of-the-art combined-cycle gas turbine in Western Pennsylvania.
Ardian first acquired a 41.9 percent stake in the asset in July 2019 and now has secured 100 percent ownership and full operational control of the project. This acquisition marks the first energy investment for Ardian Americas Infrastructure Fund V (AAIF V) and aligns with the fund’s focus on investing in essential infrastructure assets in the energy, digital and transportation sectors.
“The proliferation of new data centers and the continued electrification of industry are driving electricity growth at rates not seen in decades,” said Mathias Burghardt, executive vice president, head and founder of infrastructure at Ardian. “Hill Top is emblematic of Ardian’s commitment to the energy transition, providing reliable clean energy to power the region’s economic growth.”
The 620-megawatt Hill Top facility sell
