In a strategic move likened to arming itself with twin nuclear cores for a digital energy revolution, Talen Energy Corp. has announced a $3.5 billion acquisition of two high-powered assets: the Moxie Freedom Energy Center in Pennsylvania and the Guernsey Power Station in Ohio. These twin pillars of natural gas generation, Talen says, will be the backbone of its next-gen low-carbon energy empire.
According to Talen’s Thursday statement, the deal’s gross value reaches $3.8 billion once tax advantages are included. The transaction is expected to close in Q4 of 2025, pending standard regulatory approvals.
Financing the Future: A High-Stakes Bet on Clean, Consistent Power
To fund the mega-acquisition, Talen plans to issue $3.8 billion in new debt, which includes refinancing targeted liabilities. This bold financial strategy signals Talen’s long-term confidence in data center energy demand and scalable clean power infrastructure.
As part of the transaction, Talen will also take over equity interests in the Guernsey plant previously held by Global Infrastructure Partners, a BlackRock-managed mid-market infrastructure fund.
