Stark Power to Acquire Cottage Grove Energy Campus in Minnesota
October 9, 2026
Stark Power entered into a definitive agreement to acquire the Cottage Grove energy campus near Cottage Grove, Minnesota, from Ultra Capital and Panamint Capital. The campus includes a 262 MW natural gas-fired combined-cycle power plant and a planned 80 MW / 320 MWh battery energy storage project, with contracted revenues tied to Northern States Power (Xcel Energy).
- Buyers
- Stark Power
- Targets
- Cottage Grove energy campus
- Sellers
- Ultra Capital, Panamint Capital
- Industry
- Energy
- Location
- Minnesota, United States
- Transaction Type
- Buyout
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