CPV Closes On Financing for $775M Investment in Charles County, Maryland
Competitive Power Ventures (CPV) and partners Marubeni and Toyota Tsusho closed financing with GE Energy Financial Services and 14 other lenders for the $775 million CPV St. Charles Energy Center under construction in Charles County, Maryland. Financial details were not disclosed. Located 25 miles southeast of Washington, DC, the CPV St. Charles Energy Center is a 725- MW combined-cycle natural gas-fired power plant using two GE 7F.05 gas turbines and a GE D400 steam turbine. The project will be constructed by SNC Lavalin Constructors and operated by EthosEnergy Power Plant Services. The project will sell its capacity, energy and ancillary services into the transmission-constrained SWMAAC zone of the PJM market.