{"id":196716,"date":"2026-05-19T14:37:07","date_gmt":"2026-05-19T14:37:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-pa\/196716\/"},"modified":"2026-05-19T14:37:07","modified_gmt":"2026-05-19T14:37:07","slug":"svp-moves-to-full-ownership-of-birdsboro-power-plant","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-pa\/196716\/","title":{"rendered":"SVP Moves to Full Ownership of Birdsboro Power Plant"},"content":{"rendered":"

\t\t\"Business<\/p>\n

BIRDSBORO, PA \u2014 Strategic Value Partners agreed to acquire the remaining ownership interests in Birdsboro Power, consolidating control of a 485-megawatt natural gas-fired power plant positioned within the PJM electricity market as regional power demand continues to rise.<\/p>\n

The transaction will give funds managed by Strategic Value Partners full ownership of the Birdsboro facility after initially acquiring a one-third equity stake in May 2025 and assuming management responsibilities for the plant.<\/p>\n

The remaining interests are being acquired from Sojitz Birdsboro and Tokyo Gas America. Financial terms were not disclosed.<\/p>\n

David Geenberg pointed to increasing electricity demand tied to electrification and data center growth within the PJM region as a factor supporting the investment.<\/p>\n

Strategic Value Partners has operated the facility alongside EverGen Power, a power generation asset management firm created in 2024 to support the company\u2019s North American energy investments.<\/p>\n

Ari Barz indicated the companies have focused on improving the plant\u2019s commercial and operational performance since the initial investment last year.<\/p>\n

Commissioned in 2019, the Birdsboro plant uses General Electric\u2019s 7HA.02 gas turbine technology and supplies dispatchable electricity generation into the PJM Interconnection grid serving the Mid-Atlantic and parts of the Midwest.<\/p>\n

Support the local news that supports Chester County. MyChesCo delivers reliable, fact-based reporting and essential community resources\u2014free for everyone. If you value that, click here to become a patron today<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"BIRDSBORO, PA \u2014 Strategic Value Partners agreed to acquire the remaining ownership interests in Birdsboro Power, consolidating control…\n","protected":false},"author":2,"featured_media":182055,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[31022,81280,87354,128,130,129],"class_list":["post-196716","post","type-post","status-publish","format-standard","has-post-thumbnail","category-reading","tag-acquisitions","tag-berks-county-business-news","tag-birdsboro-power","tag-reading-city","tag-reading-city-headlines","tag-reading-city-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/196716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=196716"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/196716\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/182055"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=196716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=196716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=196716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}