Blackstone, through funds affiliated with Blackstone Energy Transition Partners, on Nov. 13 announced a $1.2 billion investment to build Wolf Summit Energy, a fully contracted, 600-megawatt greenfield combined-cycle gas turbine power generation facility in Harrison County, West Virginia.
A recent Final Investment Decision (FID) provides financing for the project, allowing it to commence construction.
Wolf Summit will be the first-ever combined-cycle natural gas power plant built in West Virginia and is designed to help deliver efficient and reliable power to meet the growing local energy needs – including from data centers supporting AI innovation – of Old Dominion Electric Cooperative, which serves approximately 1.5 million residents across Virginia, Maryland and Delaware.
Blackstone Energy Transition Partners has also made recent investments in Hill Top Energy Center, a 620-megawatt natural gas power plant in Western Pennsylvania, and Potomac Energy Center, a 774-megawatt natural gas power plant in Loudoun County, Virginia, and has invested in approximately 1,600 megawatts of new-build power generation capacity over the last three and a half years in the United States.
