Rockland Capital Announces Acquisition of Victoria Power Station
HOUSTON, TX – June 1, 2016 — Rockland Capital, LLC (“Rockland”) announced today that its affiliate, Redback Power, LLC, has acquired a 100% interest in Victoria Power Station, a natural gas-fired combined cycle facility located in Victoria, Texas (“Victoria”).
Rockland acquired its interest in Victoria from an affiliate of Arclight Capital Partners, LLC.
Victoria is a 290 MW natural gas-fired, combined-cycle power plant that sells power into the Electric Reliability Council of Texas (“ERCOT”) market. The plant is a repowering of an existing, mothballed oil plant and commenced commercial operation in 2009.
“Rockland’s experience in ERCOT and our expertise in optimizing power assets make us an ideal fit to own this facility,” said Will Zapalac, Partner of Rockland Capital. “We look forward to enhancing the value of Victoria.”
About Rockland Capital
Rockland Capital, a private equity firm founded in 2003, is focused on the acquisition, optimization and development of companies and projects in the North American power sector. The firm manages Rockland Power Partners and Rockland Power Partners II and is located in Houston, Texas. For further information visit www.rocklandcapital.com.