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Investors - OCTOBER 13, 2021

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Low-carbon natural gas facility comes online in Ohio

by Released

Commercial operation has begun at South Field Energy, a 1,182-megawatt, low-carbon, combined-cycle natural gas electric generating facility located in Columbiana County, Ohio, Advanced Power announced on Oct. 13.

Advanced Power and an investor group consisting of Kyushu Electric Power Co., NH-Amundi Asset Management, PIA Investment Management Co., RS Global Capital Investment (a joint venture between Development Bank of Japan and Idemitsu Kosan Co., Ltd.), Shikoku Electric Power Co., The Chugoku Electric Power Co. and ENEOS HD own the facility.

Crédit Agricole Corporate and Investment Bank, CIT Group, GE Energy Financial Services, NH Investment & Securities Co., and 10 other commercial banks provided senior secured credit plus other credit facilities.

“South Field Energy exemplifies our commitment to develop and manage world-class low-carbon, independent power generation in partnership with the communities in which we operate,” said Thomas Spang, CEO of

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