Hull Street Energy (HSE) has acquired Sunrise Power, a natural gas–fired plant, from Generation Bridge Acquisition, an affiliate of ArcLight Capital Partners.
Located in Fellows, Calif., the facility provides 586 megawatts of critical electric generation and resource adequacy to consumers, utilities and community choice aggregators across the state.
Financial terms were not disclosed, however, HSE said the financing for the acquisition was led by Investec, with assistance from MUFG and Deutsche Bank.
Including Sunrise, Hull Street Energy affiliates now own 2.3 gigawatts of gas-fired and dual-fueled generation capacity throughout the United States.
