- The investment in South Field was made as part of SVP’s partnership with EverGen Power
- EverGen is a power generation asset management firm formed by SVP in 2024
Strategic Value Partners has agreed to acquire a minority stake in South Field Energy, an Ohio-based natural gas-fired power plant. No financial terms were disclosed.
South Field began commercial operations in 2021.
The investment in South Field was made as part of SVP’s partnership with EverGen Power. EverGen is a power generation asset management firm formed by SVP in 2024.
“We continue to see an attractive opportunity set in power generation, driven by structural growth in data center demand and the need for consolidation and new ownership strategies,” said David Geenberg, head of North American corporate investments at SVP. “We are excited to join South Field’s partnership of Asian and U.S. shareholders to help maximize the value of this critical asset in a high-growth market.”