Strategic Value Partners and its managed funds are acquiring a minority stake in South Field Energy, a 1,182-megawatt na

Strategic Value Partners, LLC, a global alternative investment firm, announced on July 27, 2026 that its managed funds have agreed to acquire a minority equity interest in South Field Energy, a 1,182-megawatt natural gas-fired combined-cycle generation facility located in Columbiana County, Ohio. Financial terms of the transaction were not disclosed.

South Field began commercial operations in 2021 and features efficient, natural gas-fueled combined-cycle gas turbines utilizing GE 7HA turbines. It is one of the newest gas-fired power plants and operates with some of the most efficient per megawatt-hour operating costs in PJM Interconnection, LLC. South Field is positioned to provide reliable generation to meet growing demand.

The investment was made as part of SVP's partnership with EverGen Power, a power generation asset management firm established in 2024 to support power generation investments across North America. David Geenberg, Head of North American Corporate Investments at SVP, said: "We continue to see an attractive opportunity set in power generation, driven by structural growth in data center demand and the need for consolidation and new ownership strategies. We are excited to join South Field's partnership of Asian and U.S. shareholders to help maximize the value of this critical asset in a high-growth market."

Dave Freysinger, Managing Partner of EverGen Power, said: "South Field is a critical source of baseload power generation in one of the most supply-constrained power markets in the country. As industry demand continues to grow, South Field will provide reliable, efficient power to this area of PJM."

SVP is a global alternative investment firm focusing on special situations, private equity, opportunistic credit, and financing opportunities. The firm manages approximately 21 billion dollars in assets under management and has invested more than 60 billion dollars of capital since inception. Founded by Victor Khosla in 2001, SVP has over 200 employees, including more than 100 investment professionals, across offices in Greenwich, Connecticut, New York, and London, with presences in Tokyo and Dubai.

EverGen Power is a platform formed and backed by SVP Funds to manage and operate critical power infrastructure supporting reliable and safe energy delivery. Its leadership has nearly a decade of working together with a combined 75 years of experience in the power generation sector.