I Squared Capital closes $650 million financing for a gas-fired power plant in the United States
Type: Financing · Technology: Gas · Country: United States · Capacity: 650 million USD · Value: $650M · Announced: 2026-04-20
I Squared Capital finalized a $650 million financing package for a gas-fired power plant in the United States, with GCM Grosvenor and Albrecht joining as co-investors. The transaction marks I Squared’s largest single-asset gas deal to date and underscores the firm’s continued expansion in North American energy infrastructure. GCM Grosvenor contributed capital through its infrastructure investment platform, while Albrecht, a European institutional investor, participated as a limited partner in the syndicate. The financing structure includes senior debt and equity commitments from the three investors, enabling the project’s construction and operational ramp-up. Industry sources indicate the plant will support regional grid stability amid rising electricity demand from data centers and industrial users. The deal was announced alongside I Squared’s broader strategy to deploy $1 billion in gas assets across the U.S. by 2027.
Counterparties
- Albrecht (Investor)
- I Squared Capital (Investor)
- GCM Grosvenor (Investor)