Stark Power to Acquire Cottage Grove Energy Campus in Minnesota
Stark Power Ltd. (TASE: STRK) signed a definitive agreement to acquire the Cottage Grove energy campus near Minneapolis from Ultra Capital and Panamint Capital, adding 262 MW of operating gas-fired generation. The campus includes a co-located 80 MW / 320 MWh battery storage project targeted for commercial operation in 2028, using the plant's existing grid interconnection into MISO. The plant is fully contracted: it currently sells to Xcel Energy subsidiary Northern States Power and transitions in December 2027 to a 15-year tolling agreement with Basin Electric through 2043; it also supplies steam to 3M's adjacent manufacturing site.
Key figures
- Bess cod year
- 2028
- Bess capacity mw
- 80
- Tolling end year
- 2043
- Bess capacity mwh
- 320
- Tolling term years
- 15
- Gas plant capacity mw
- 262
- Corporate credit facility usd
- $85 million
AI analysis
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