Acquiring Company
Equinor ASA
Acquired Company
Lackawanna Energy Center
Stavanger
PennsylvaniaEnergyOil And GasRenewable EnergyBiomass Energyoil & energyEnergyOil And GasDescription
Equinor ASA has announced plans to acquire an 87.71% stake in the Lackawanna Energy Center for $940 million from a subsidiary of BlackRock. This acquisition positions Equinor to meet rising electricity demands driven by data centers in Northeast Pennsylvania. Invenergy will continue to manage the power plant as Equinor looks to leverage its operational expertise.
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Based on deal dataFrequently asked
Who acquired Lackawanna Energy Center?
Lackawanna Energy Center was acquired by Equinor ASA, based in Stavanger. The deal was reported on August 25, 2026. Equinor ASA is a Norwegian multinational energy company headquartered in Stavanger. It is a leading energy company focused on offshore oil and gas production and renewable energy solutions. Equinor ASA is publicly traded (EQNR) and operates in Energy.
When did Equinor ASA acquire Lackawanna Energy Center?
Equinor ASA's acquisition of Lackawanna Energy Center was reported on August 25, 2026. Equinor ASA has announced plans to acquire an 87.71% stake in the Lackawanna Energy Center for $940 million from a subsidiary of BlackRock. This acquisition positions Equinor to meet rising electricity demands driven by data centers in Northeast Pennsylvania. 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.
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