AlphaGen, ArcLight Acquire Maryland Power Facility from Onward Energy
Alpha Generation, LLC and ArcLight Capital Partners, LLC have completed the acquisition of Brandywine Power from Onward Energy Holdings, LLC, adding a strategically positioned natural gas generation asset to a growing Mid-Atlantic portfolio.
Brandywine is an approximately 250 MW combined cycle generating facility in Prince George’s County, Maryland, operating within PJM Interconnection’s PEPCO Zone. The facility provides capacity, energy, and ancillary services supporting grid reliability across the Mid-Atlantic, including the Washington, D.C. metro area.
The acquisition builds directly on AlphaGen’s existing regional presence. Brandywine sits near AlphaGen’s Keys Energy Center, which recently signed a 10-year electricity and capacity supply agreement with Southern Maryland Electric Cooperative. Combined with nearly 3 gigawatts of uprate and expansion projects underway across existing AlphaGen sites in PJM, the transaction adds further capacity to underpin long-term offtake agreements across the firm’s generation portfolio.
“Brandywine is a strategic asset that benefits from AlphaGen’s scale and operational capabilities, and ArcLight’s long-term infrastructure investment approach,” said Curt Morgan, CEO of AlphaGen. “This acquisition strengthens our ability to offer durable, contract-backed solutions in markets where reliability matters most.”
For ArcLight, the deal extends a period of significant capital deployment. The firm closed its eighth value-added infrastructure fund last month at $3.9 billion, exceeding its $3 billion target, and in March agreed to acquire a 50% interest in InfraBridge’s stake in Invenergy AMPCI Thermal Power, a North American portfolio of large-scale generation assets.
Since its founding in 2001, ArcLight has owned, controlled, or operated approximately 70 gigawatts of assets and 48,000 miles of electric and gas transmission and storage infrastructure, representing more than $80 billion of enterprise value.
Financial terms of the Brandywine transaction were not disclosed.
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