The portfolio includes a 541-megawatt plant in Veazie, Maine, alongside two combustion turbines located in Croghan and Solvay, New York, with capacities of 108 and 103 megawatts respectively. While the financial terms of the acquisition remain undisclosed, the companies confirmed that Winslow Power will serve as a vehicle for future infrastructure scaling.

Richard Vicens, CEO of Olympus, cited the tightening energy markets within the NYISO and ISO New England grids as a primary driver for the investment. He emphasized that the venture prioritizes the acquisition of reliable, well-maintained assets to capitalize on the region’s growing power requirements. The transaction is scheduled to close later this year.