MAYS LANDING, N.J.--(BUSINESS WIRE)--DB Energy Assets, LLC, a partnership of DCO Energy, LLC, and the second flagship Basalt fund “Basalt II,” announced today that it has acquired the natural gas fired 111 MW Energy Center Dover, LLC from Clearway Energy Group, LLC.
Energy Center Dover, LLC is a cogeneration facility that delivers electricity to the Delmarva Power & Light Zone within PJM Interconnection, and produces thermal energy utilized by Kraft Heinz’s Dover food products plant and Proctor & Gamble’s Dover wipes manufacturing facility.
“We are very excited to operate this important cogeneration and power facility in Dover,” said Gary Fromer, Chief Executive of DCO Energy. “As a long-time South Jersey-based organization, Delaware is literally in our backyard. Along with our Wilmington, DE city district energy facility, we are thrilled to expand our role as part of the Delaware business community and to continue to deliver efficient, reliable power and thermal energy to our customers in Delaware.”
About DCO Energy
DCO Energy, LLC is an independent energy development company specializing in the development, engineering, construction, start-up, commissioning, operation, maintenance and management, and ownership of central energy centers, renewable energy projects and combined heat, chilling and power (CHCP) production facilities across North America and the Caribbean. Founded in 2000, DCO Energy has developed and operated energy systems delivering over 500 MW of electric power, 110,000 tons of chilled water, and more than four million pounds per hour of installed boiler capacity. For more information on DCO Energy, please visit www.dcoenergy.com.
About Basalt Infrastructure Partners
Basalt I and Basalt II are two of the flagship Basalt Infrastructure Partner funds. They are infrastructure equity investment funds focusing on investments in utilities, power, transport, and communications infrastructure in North America and Europe. Other investments by the Basalt funds in North America include the Upper Peninsula Power Company, Texas Microgrid, Detroit Thermal, Black Bear Transmission, Hyperion and Helios Power. For more information, please visit www.basaltinfra.com.