Ardian Solidifies Full Ownership of Hill Top Energy Center
Deal News | Apr 28, 2025 | Ardian
Ardian, a global leader in private investment, has achieved full ownership of Hill Top Energy Center, consolidating its stake in the combined cycle gas turbine facility located in Western Pennsylvania. The acquisition marks Ardian's complete control over Hill Top, which commenced operations in July 2021 and is recognized for its efficiency and reliability in the PJM power market. This acquisition was orchestrated through Ardian Americas Infrastructure Fund V, reflecting the fund's strategy of investing in key infrastructure sectors such as energy, digital, and transportation. With the world's energy demands rising, driven by data center growth and industry electrification, Hill Top stands as an example of Ardian's commitment to delivering sustainable and reliable power solutions. The move underscores Ardian's investment philosophy aimed at supporting economic growth while prioritizing the energy transition.
Sectors
- Energy Infrastructure
- Private Investment
- Natural Gas
Geography
- United States – The Hill Top Energy Center is located in Western Pennsylvania, part of the PJM market which spans parts of the U.S.
- Europe – Ardian is an international firm with significant operations and investments across Europe.
Industry
- Energy Infrastructure – The article focuses on the acquisition of a power generation facility by Ardian, indicating its strategic investment in energy infrastructure.
- Private Investment – Ardian, as a private investment house, is increasing its portfolio by acquiring the energy asset, demonstrating activity in private equity and investment management.
- Natural Gas – Hill Top Energy Center operates using gas turbine technology, highlighting its involvement in the natural gas sector.
Financials
- 41.9% stake – Ardian first acquired a 41.9% stake in Hill Top in July 2019 before moving to 100% control.
- 620-megawatt – Capacity of Hill Top Energy Center.
- $36bn – Assets managed or advised by Ardian's Infrastructure team.
- $177bn – Total assets managed or advised by Ardian globally.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ardian | Bidding Company | Company | Ardian is a private investment house that has acquired 100% ownership of Hill Top Energy Center. |
| Hill Top Energy Center | Target Company | Company | The state-of-the-art combined cycle gas turbine facility located in Western Pennsylvania. |
| PJM Interconnection | Other Company | Company | The regional transmission organization that Hill Top Energy Center provides energy to. |