GE Unit Provides $50 Million Loan for Elgin Energy Center
LAS VEGAS and ELGIN, IL – April 8, 2014 — Growing its power lending portfolio, GE unit (NYSE: GE) GE Energy Financial Services is providing a loan to investment firm Rockland Capital, LLC (“Rockland”) to support its acquisition of the gas-fired Elgin Energy Center in Illinois. The deal was announced today at the 29th Annual Platt’s […]
Lakeswind Power Partners’ Wind Facility Achieves Commercial Operations
HOUSTON, TX – March 31, 2014 — Rockland Capital, LLC (“Rockland”) owner of Lakeswind Power Partners, LLC (“Lakeswind”), announced today that commercial operations have begun at its 49.9MW wind facility near Rollag, Minnesota. Construction of the project took approximately eight months and was led by Wanzek Construction. General Electric’s wind services team has started on-site […]
Rockland Capital Completes Acquisition of Ameren Gas Generation Portfolio
HOUSTON, TX – January 31, 2014 — Rockland Capital, LLC (“Rockland”) announced today that its wholly owned affiliate, Main Line Generation, LLC, has completed the acquisition of three natural gas-fired generation facilities from a subsidiary of Ameren Corporation (NYSE: AEE). The 1,166 MW portfolio consists of Grand Tower Energy Center, a 478-megawatt combined cycle facility, […]
Rockland Capital Closes Rockland Power Partners II at $425 Million
HOUSTON, TX – December 6, 2013 — Rockland Capital, LLC (“Rockland”) a private equity firm focused on the acquisition and optimization of companies in the North American power sector, today announced that it has successfully closed the firm’s latest institutional fund, Rockland Power Partners II, LP (“RPP II”), with $425 million in commitments from 34 […]
Lakeswind Power Partners Constructing Wind Facility in Minnesota
HOUSTON, TX – August 20, 2013 — Rockland Capital, LLC (“Rockland”) owner of Lakeswind Power Partners, LLC (“Lakeswind”), is constructing a 49.9 MW wind facility in Rollag, Minnesota, approximately 30 miles east of Fargo, North Dakota. Once completed, Lakeswind will sell a majority of its power under a 20‑year contract with the Wisconsin municipal joint […]
BL England Natural Gas Pipeline Approved
UPPER TOWNSHIP, NJ – May 13, 2013 — The Upper Township committee has approved construction of a 22-mile natural gas pipeline from Millville to Beesley’s Point, New Jersey using town land. The pipeline will be constructed by South Jersey Gas to deliver natural gas to the BL England power plant in Beesley’s Point as part […]
Beacon Power Poised for Growth One Year after Acquisition
TYNGSBORO, MA – April 2, 2013 — Beacon Power, LLC, the new company created when Rockland Capital acquired the assets of Beacon Power Corporation one year ago, has made significant progress – both technical and operational – and is well-positioned for continuing growth. The company is the world’s leading manufacturer of grid-scale flywheel energy storage […]
RC Cape May Announces Sale of Solar Development
HOUSTON, TX – January 26, 2012 — Rockland Capital, LLC (“Rockland”) announced today that its affiliate, RC Cape May Holdings, LLC (“RC Cape May”), has reached an agreement to sell the solar development at its BL England facility and execute a long-term lease with Greentech Global Energy (“GTG Energy”). GTG Energy will construct the approximately […]
Rockland Capital Completes Acquisition of Eagle Point Power Generation
HOUSTON, TX – April 2, 2012 — Rockland Capital, LLC (“Rockland”) announced today that it has completed its acquisition of the Eagle Point Power Generation facility (“Eagle Point”) located in Westville, New Jersey. Simultaneous with the closing, Noble Americas Gas & Power Corp. (“Noble”) entered into an agreement to acquire a minority stake in Eagle […]
Rockland Capital Completes Acquisition of Beacon Power
TYNGSBORO, MA – March 7, 2012 — Rockland Capital, LLC (“Rockland”), a leading private equity firm focused on energy-related investments, has completed its acquisition of Beacon Power Corporation’s 20-megawatt flywheel energy storage plant in Stephentown, New York, and most of the other assets of the Company. Beacon had previously filed for Chapter 11 bankruptcy on […]