Acquiring Company
Equinor
Acquired Company
Lackawanna Energy Center
Stavanger
PennsylvaniaEnergyOil And GasRenewable EnergyBiomass Energyoil & energyEnergyOil And GasDescription
Equinor has agreed to acquire an 87.71% interest in the Lackawanna Energy Center for USD 940 million. This strategic move enhances Equinor's foothold in the US power market and complements its existing gas assets. Invenergy will continue to manage the facility while both companies explore future collaboration opportunities.
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Based on deal dataFrequently asked
Who acquired Lackawanna Energy Center?
Lackawanna Energy Center was acquired by Equinor, based in Stavanger. The deal was reported on August 17, 2026. Equinor Nigeria Energy Company Limited is a subsidiary of Equinor, a major international energy company based in Norway. Equinor is publicly traded (EQNR) and operates in Energy.
When did Equinor acquire Lackawanna Energy Center?
Equinor's acquisition of Lackawanna Energy Center was reported on August 17, 2026. Equinor has agreed to acquire an 87.71% interest in the Lackawanna Energy Center for USD 940 million. This strategic move enhances Equinor's foothold in the US power market and complements its existing gas assets. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Lackawanna Energy Center do?
Lackawanna Energy Center is a 1,483 MW gas-fired combined cycle power plant developed by Invenergy. It is one of the largest and most efficient gas-fired power plants in the PJM power market, generating electricity for millions of consumers. It is privately held, operating in Energy, and is based in Pennsylvania.