Rockland Capital Announces Acquisition of Texas Peaker Power
October 13, 2021 – Rockland Capital, LP (“Rockland”), announced today that one of its funds has acquired 100% of the interests in two peaking plants (the “Facilities”), via an affiliate named Texas Peaker Power, from an affiliate of JDH Capital Company.
The Facilities are two 100 MW nameplate natural gas-fired simple cycle power plants, Chamon and Port Comfort, which are located in Houston and Point Comfort, Texas, respectively. Chamon sells energy and ancillary services into the ERCOT Houston Zone, and Port Comfort sells energy and ancillary services into the ERCOT South Zone.
“Due to the quick start characteristics of the units, Chamon and Port Comfort are well suited for the ERCOT market, which continues to add renewable generation and requires dispatchable resources to support reliability. The assets also complement Rockland’s existing ERCOT portfolio, allowing us to realize operating efficiencies across our growing ERCOT peaker fleet” said Scott Harlan, Co-Managing Partner of Rockland Capital.
About Rockland Capital
Rockland Capital (www.rocklandcapital.com) is a private equity company that was formed in early 2003 in order to acquire and develop selected investment opportunities in power and energy infrastructure markets. Rockland is currently investing Rockland Power Partners III, LP, a $454 million private equity fund with investors that include U.S. endowments and foundations, funds of funds, pension plans and family offices. The firm also manages Rockland PJM Partners, LP, a $200 million private equity fund, Rockland Power Partners II, LP, a $425 million fund, and Rockland Power Partners, LP, a $333 million fund. Investments have been located throughout the United States and the United Kingdom, ranging from 1,875 MW to 5 MW, fueled by natural gas, coal, biomass, oil, energy storage, wind and solar power.