LOTUS COMPLETES SALE OF COMPASS POWER TO EGCO GROUP

January 12, 2024 in Press Releases

GREENWICH, Conn /PRNewswire/ – January 12, 2024

Lotus Infrastructure Partners (“Lotus”) announced that on January 9, 2024, it completed the sale of its 50% interest in the Compass Portfolio to Electricity Generating Public Company Limited (“EGCO Group”).

The Compass Portfolio consists of Marcus Hook Energy, L.P. (“Marcus Hook”), a 912 MW natural gas-fired combined cycle (“CCGT”) facility located in the state of Pennsylvania; Milford Power, LLC (“Milford”) and Dighton Power, LLC (“Dighton”), each a CCGT with capacity of 205 MW and 187 MW facilities, respectively, in the state of Massachusetts.

Emblematic of Lotus Infra’s value-add investment strategy, each of Marcus Hook, Milford and Dighton are high-quality and efficient CCGTs located in major northeast load centers and support the ongoing energy transition in the region.

Lotus is a private equity investment firm based in Greenwich, Conn., that specializes in energy infrastructure investments. Through existing general opportunity funds and affiliated investment vehicles, the Lotus Team has raised in excess of $3 billion of equity capital and executed transactions totaling more than $8 billion in enterprise value. For more information, please visit www.lotusinfrastructure.com.