Rockland Capital Completes Acquisition of Sabine Cogen Interest
HOUSTON, TX – May 23, 2014 — Rockland Capital, LLC (“Rockland”) announced today that its affiliate, Bayou Power, LLC, has completed its acquisition of a 50% interest in Sabine Cogen, a natural gas-fired cogeneration facility located in Orange, Texas (“Sabine”).
Rockland acquired its interest in Sabine from an affiliate of ArcLight Capital Partners, LLC.
Sabine, a 105 megawatt cogeneration facility, began commercial operations in 1999 and sells power and steam to the adjacent Lanxess Corporation chemical facility. The plant also sells a portion of its energy into the MISO market.
“Sabine Cogen represents an opportunity for Rockland to invest in a highly-efficient cogeneration facility with a stable steam host and exposure to the developing MISO South region,” said Will Zapalac, Partner of Rockland Capital.
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 II, Rockland Power Partners and Rockland Capital Energy Investments and has offices in Houston and New York. For further information visit www.rocklandcapital.com.