Institutional Investor EIG Acquires 1,381 MW of Power Generation Assets from EDF Energy
Deal leads to the creation of West Burton Energy, which is poised to become a leading supplier of electricity in the United Kingdom
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Institutional investor EIG has completed the acquisition of 1,381 MW of power generation assets from EDF Energy. It includes a 1,332 MW Combined Cycle Gas Turbine (CCGT) power station and a 49 MW battery as a part of the deal, which concluded on August 31, 2021. The transaction has resulted in the formation of West Burton Energy.
