Blackstone Energy Transition Partners has announced a $1.2 billion investment to develop the first combined-cycle gas turbine power plant in West Virginia, expected to create 500 jobs and support local economic development.
Target Information
Blackstone Energy Transition Partners has announced a significant $1.2 billion investment to develop Wolf Summit Energy, a cutting-edge 600-megawatt combined-cycle gas turbine (CCGT) power generation facility located in Harrison County, West Virginia. This pioneering project marks the first of its kind in the state, aimed at providing reliable and efficient electricity to meet the rising energy demands spurred by the growth of artificial intelligence (AI) and associated data centers. The investment also signifies a commitment to local economic development, with an expectation to create approximately 500 construction jobs.
Wolf Summit Energy will serve the Old Dominion Electric Cooperative (ODEC), which caters to around 1.5 million residents across Virginia, Maryland, and Delaware. The facility is designed to not only address the immediate energy needs but also support sustainable developments in the region, ensuring that the growing reliance on power is met with effective solutions.
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Industry Overview
West Virginia has traditionally been known for its fossil fuel production, particularly coal, but recent shifts are positioning the state as a significant player in renewable and natural gas energy industries. The demand for cleaner energy sources and the modernization of energ
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Blackstone
invested in
Wolf Summit Energy
in 2025
in a Other Private Equity deal
Disclosed details
Transaction Size: $1,200M