Shell Energy North America Acquires RISEC Holdings (609 MW Rhode Island CCGT)
January 24, 2025
Shell Energy North America (SENA), a subsidiary of Shell plc, has completed the 100% equity acquisition of RISEC Holdings, LLC, owner of a 609 MW two-unit combined-cycle gas turbine power plant outside Providence, Rhode Island. The deal consolidates Shell’s position in the ISO New England wholesale market and secures long-term supply and capacity offtake previously contracted through the plant, which entered service in 2002; prior owners included funds managed by Carlyle (51%) and EGCO RISEC II, LLC (49%).
- Buyers
- Shell Energy North America (US), L.P. (SENA), Shell plc
- Targets
- RISEC Holdings, LLC (RISEC)
- Sellers
- Funds managed by Carlyle, EGCO RISEC II, LLC (Electricity Generating Public Company Limited - EGCO)
- Industry
- Energy
- Location
- Rhode Island, United States
- Transaction Type
- Buyout
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