Conduit Power ERCOT Distributed Generation Portfolio — $200M equipment financing facility (200 MW hybrid gas + battery, modular 50 MW blocks, ERCOT Load Zone West, TX)
Conduit Power and Eldridge Capital Management announced a $200M master equipment lease / equipment financing facility for Conduit's 200 MW distributed hybrid generation portfolio in ERCOT Load Zone West (Texas). Projects are modular 50 MW blocks combining dispatchable natural gas with battery storage, targeting ERCOT ancillary services and capacity markets. Conduit Power is a dispatchable generation developer; Eldridge Capital is the investment firm of Todd Boehly (LA Dodgers owner).
$200M
Deal Value
200MW
Capacity
Hybrid (Gas + Battery Storage)
Technology
TX
Location
Deal Details
- Deal Type
- Equipment Financing
- Seller / Sponsor
- Conduit Power
- Buyer / Financier
- Eldridge Capital Management
- Deal Value
- $200,000,000
- Stage
- Development / Construction
- ISO/RTO
- ERCOT
- Source
- BusinessWire
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