One year after taking a minority stake and the managing member role, Strategic Value Partners is acquiring the remaining equity in Birdsboro Power, securing full ownership of the 485-megawatt natural gas-fired combined-cycle plant in Birdsboro, Pennsylvania.

The facility, commissioned in 2019, is built around GE’s advanced 7HA.02 gas turbine and achieves a top-decile heat rate of approximately 6,300 Btu/kWh.

It supplies dispatchable power to the PJM Interconnection, where a wave of data center announcements and electrification is driving load growth and tightening reserve margins.

As one of the newest gas-fired resources in the market, Birdsboro's efficiency and dispatchable profile position it as a critical supplier in the region.

SVP Funds, managed by Strategic Value Partners, headquartered in Greenwich, Connecticut, a global alternative investment firm with roughly $22 billion in assets, acquired an initial one-third equity interest in May 2025 and have operated the plant alongside EverGen Power, a power generation acquisitions and asset management firm SVP established in 2024 to support power infrastructure investments.

The sellers are Sojitz Birdsboro LLC and Tokyo Gas America Ltd.

EverGen, whose leadership team carries nearly 75 years of combined sector experience, will continue to operate the facility under full SVP ownership, pursuing commercial and operational improvements.

Sojitz Birdsboro was advised by PEI Global Partners and Mintz, Levin, Cohn, Ferris, Glovsky & Popeo.

SVP and EverGen were advised by CIBC and Davis Polk & Wardwell.