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Blackstone To Acquire 620-MW Natural Gas Power Plant In Pennsylvania
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Blackstone announced today that private equity funds affiliated with Blackstone Energy Transition Partners have entered into a definitive agreement to acquire Hill Top Energy Center, a 620-megawatt natural gas power plant in Western Pennsylvania, for nearly $1 billion, from Ardian, a global private investment firm.
"This transaction follows Blackstone’s recent July 2025 announcement that it would invest over $25 billion to support the build out of Pennsylvania’s digital and energy infrastructure supporting the AI revolution and help catalyze an additional $60 billion investment into the Commonwealth," Blackstone said
"Hill Top is one of the newest and most efficient combined cycle gas turbine plants in the country with among the best-in-class operating performance – situated in an area of the country that is well suited to serve as a strategic hub to power America’s AI future," Blackstone said
Hill Top was completed in 2021 and is located in Greene County, Pennsylvania
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September 15, 2025
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Copyright 2025 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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