# Gulf Energy Development to acquire 49% stake in Jackson Generation for $409.6m

Thailand-based Gulf Energy Development has signed an agreement to acquire a 49% stake in the Jackson Generation Power Station in Illinois, USA, for $409.6 million. The transaction is expected to close by December 2022.

- Type: Acquisition
- Announced: 2022-09-09
- Where: Will County, Illinois, United States
- Value: $409.6M
- Status: announced
- Capacity: 1200 MW
- Products: electricity
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Gulf Energy Development](https://endata.com/companies/7076.md) (acquirer)
- [J-POWER Jackson Partners](https://endata.com/companies/65226.md) (target)

## Sources

- [nsenergybusiness.com](https://www.nsenergybusiness.com/company-news/gulf-energy-to-acquire-49-stake-in-jackson-generation/), 2022-09-09: "As electricity demand in the United States continues to increase, Gulf sees the opportunity to develop other power projects."

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