DCO Energy and Basalt Infrastructure Partners Acquire Cogeneration Plant in Dover, Delaware
MAYS LANDING, N.J.–(BUSINESS WIRE)–May 29, 2020–
DB Energy Assets, LLC, a partnership of DCO Energy, LLC, and the second flagship Basalt fund “Basalt II,” announced today that it has acquired the natural gas fired 111 MW Energy Center Dover, LLC from Clearway Energy Group, LLC.
Energy Center Dover, LLC is a cogeneration facility that delivers electricity to the Delmarva Power & Light Zone within PJM Interconnection, and produces thermal energy utilized by Kraft Heinz’s Dover food products plant and Proctor & Gamble’s Dover wipes manufacturing facility.
“We are very excited to operate this important cogeneration and power facility in Dover,” said Gary Fromer, Chief Executive of DCO Energy. “As a long-time South Jersey-based organization, Delaware is literally in our backyard. Along with our Wilmington, DE city district energy facility, we are thrilled to expand our role as part of the Delaware business community and to continue to deliver efficient, reliable power and thermal energy to our customers in Delaware.”