Blackstone said funds managed by Blackstone Energy Transition Partners have completed construction of the 694MW Magnolia Power Generating Station, a greenfield combined-cycle gas turbine plant in Plaquemine, Louisiana, and the facility has begun commercial operations. Developed through Blackstone’s North American power platform Kindle Energy, the project started development in 2021, began construction in 2022, created more than 400 local construction jobs, and is expected to generate enough electricity to power more than 500,000 homes per year in Louisiana.

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