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In June 2009, Riverstone/Carlyle acquired renewable energy company Pattern Energy Group LP, representing Riverstone's 10th transaction in the Renewable Energy Sector. [16] Pattern Energy is one of the world’s largest private renewable energy companies, with large operating and development footprints in the United States, Canada, and Japan. [17]
Riverstone Energy Limited (LSE: RSE) is a Guernsey-domiciled, closed-ended company which invests in energy companies and assets worldwide.Established by Riverstone Holdings in 2013, the company's investment manager is Riverstone International Limited, which is majority-owned and controlled by affiliates of Riverstone Holdings. [1]
Pattern Energy was organized in 2009 by Riverstone Holdings to acquire assets from Babcock & Brown's North American wind energy group. [1] In 2013 the company sold operating assets to Pattern Energy Group Inc. following that company's initial public offering (IPO). [2] The development assets of Pattern Energy were retained by a privately held ...
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[3] The company's colors of green and yellow were chosen based on then-CEO Paul Farr's love of the Green Bay Packers. [4] Today, the company's logo is simply black and white. On June 10, 2014, PPL announced that it would spin off its competitive energy business which would merge with Riverstone Holdings' operations to create Talen. [5]
It was a leading global multi-national owned by First Reserve Corporation and company management. In February 2011, General Electric Co. agreed to buy oil-field equipment maker Dresser Inc. for $3 billion, expanding its biggest industrial unit. GE acquired Dresser from funds managed by Riverstone Holdings LLC and First Reserve Corporation.
Talen Energy assumed ownership of the plant on June 1, 2015, when the company was established as the combination of Riverstone Holdings, LLC with PPL Corporation's spun off power generation business. As a condition of the merger, Talen was required by FERC to sell about 1,300 MW of generation in the PJM region to avoid dominating the market. [6]
On August 9, 2012, Exelon announced that it had reached an agreement for the sale of the Charles P. Crane, Brandon Shores, and Herbert A. Wagner Generating Stations to Raven Power Holdings LLC, a newly formed portfolio company of Riverstone Holdings LLC, for approximately $400 million. [8]