Strategic Value Partners to acquire Red Oak Power gas-fired plant in New Jersey

Strategic Value Partners, through its managed funds, has agreed to acquire Red Oak Power, an 831-MW natural gas-fired combined-cycle generation facility in Sayreville, New Jersey. The plant began commercial operations in 2002.

“Red Oak is a critical asset, located in a high-power demand area that we expect to continue to see accelerated growth from AI-driven data center development and the broader electrification of the economy.”prnewswire.com

• 1 source
• prnewswire.comStrategic Value Partners Announces Acquisition of Red Oak PowerStrategic Value PartnersJul 8, 2025

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