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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