# Mitsubishi to sell 36.5% stake in Astoria I power plant to investor consortium

Mitsubishi & Co. has agreed to sell its entire 36.5% economic interest in the Astoria I gas-fired power generation project in New York City to a consortium including APG, MEAG, Clal Insurance and other US institutional investors.

- Type: Acquisition
- Announced: 2020-01-17
- Where: New York City, New York, United States
- Status: announced
- Capacity: 615 MW
- Products: electricity
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Mitsubishi & Co.](https://endata.com/companies/23005.md) (target)
- [APG](https://endata.com/companies/43969.md) (acquirer)
- [MEAG](https://endata.com/companies/44603.md) (acquirer)
- [MEAG](https://endata.com/companies/44603.md) (partner)
- [Clal Insurance Company](https://endata.com/companies/44604.md) (acquirer)
- [Clal Insurance Company](https://endata.com/companies/44604.md) (partner)
- [Astoria Energy I](https://endata.com/companies/44646.md) (target)
- [Astoria Energy II](https://endata.com/companies/44647.md) (target)

## Sources

- [mitsubish.co](https://mitsubish.co/jp/en/release/2020/1230486_11223.html), 2020-01-17: "This asset divestment was conducted as a part of the strategic asset recycling."
- [nsenergybusiness.com](https://www.nsenergybusiness.com/deals/apg-astoria-energy-power-plants/), 2020-01-20: "APG in consortium with other equity investors has agreed to acquire stakes in the Astoria Energy I and Astoria Energy II power plants in New York."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.