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Equinor buys 87.71% stake in Lackawanna gas power plant for USD 940 million

2 hours ago

(AWP Alliance News) - Equinor agreed to buy a stake in the 1,483 MW Lackawanna Energy Center combined-cycle gas power plant in Pennsylvania, expanding its presence in the PJM US power market. The group will pay USD 940 million for 87.71% of Lackawanna's A-shares, subject to a potential price reduction at closing.

Invenergy will retain the remaining A-shares, own 100% of the B-shares, and continue to operate the plant. The seller is a fund managed by Global Infrastructure Partners, a BlackRock unit.

Closing is subject to US regulatory approvals.

https://www.publicnow.com/view/E52A6E66EE7741F920E74D269BFE866566A857EB…

Disclaimer: This news brief was created using generative artificial intelligence. Equinor ASA published the original content used to generate this news brief on August 17, 2026, and is solely responsible for the information contained therein.

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