Talen Energy acquires MACH Gen, sells renewable energy business

Talen Energy Corporation completed the acquisition of MACH Gen, LLC and the sale of Talen Renewable Energy, LLC. Talen Energy debuts as one of largest U.S. independent power producers

The US$1.175 billion MACH Gen acquisition adds three combined-cycle, natural gas-fired power plants with more than 2,500 megawatts of generating capacity to Talen Energy’s fleet. The plants are located in upstate New York, western Massachusetts and western Arizona.

The sale of Talen Renewable Energy to California-based Energy Power Partners includes 25 clean power projects in Pennsylvania, New Jersey, Vermont and New Hampshire that have a combined nameplate generating capacity of 65 megawatts.

With the closing of these transactions, Talen Energy owns or controls about 17,600 megawatts of generating capacity. The total does not reflect announced divestitures of about 1,400 megawatts that are expected to close in the first quarter of 2016.