# Shell to acquire RISEC combined-cycle power plant in Rhode Island

Shell Energy North America signed an agreement to acquire 100% equity in RISEC Holdings, which owns a 609 MW combined-cycle gas turbine power plant in Rhode Island, USA. The acquisition secures long-term supply in the ISO New England market and is expected to close in Q1 2025.

- Type: Acquisition
- Announced: 2024-10-23
- Where: Rhode Island, USA, United States
- Status: announced
- Capacity: 609 MW
- Products: electricity
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Shell](https://endata.com/companies/351.md) (acquirer)
- [Shell Energy North America](https://endata.com/companies/43005.md) (acquirer)
- [RISEC Holdings](https://endata.com/companies/80606.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/shell-to-acquire-combined-cycle-power-plant-in-priority-us-trading-market-302283951.html), 2024-10-23: "Shell Energy North America (US), L.P., a subsidiary of Shell plc, has signed an agreement to acquire a 100% equity stake in RISEC Holdings, LLC, which owns a 609-megawatt two-unit combined-cycle gas turbine power plant in Rhode Island, USA."
- [reuters.com](https://www.reuters.com/markets/deals/shell-enters-deal-buy-risec-holdings-2024-10-23/), 2024-10-23: "Shell plc said on Wednesday its unit, Shell Energy North America (SENA), has agreed to acquire RISEC Holdings, the owner of a 609-megawatt gas power plant in Rhode Island."

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