Cogentrix Energy — 5,300 MW (11 natural gas plants) across PJM, ERCOT, ISO-NE
Quantum Capital acquires 11 gas-fired plants spanning multiple ISOs from Carlyle. Plans to grow platform with focus on gas, renewables, and storage. Closed Q4 2024. Quantum later sold the same fleet to Vistra for ~$4B announced Jan 2026.
$3.00B
Deal Value
5,300MW
Capacity
Natural Gas
Technology
Multi-state
Location
Deal Details
- Deal Type
- Project & Portfolio M&A
- Seller / Sponsor
- Carlyle Group
- Buyer / Financier
- Quantum Capital Group
- Deal Value
- $3B
- Stage
- Operating
- ISO/RTO
- PJM, ERCOT, ISO-NE
- Source
- Carlyle Group
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