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Oregon Clean Energy Center
CME Energy partnered with North America Project Development, LLC to build the Oregon Clean Energy Center, an 869 MW natural gas-fired electric power plant in Oregon, Ohio. The project began in April 2014 and is scheduled to begin commercial operations on June 1, 2017.
In April 2012, CME Energy formed North America Project Development, LLC with Pure Energy and began the development of the Oregon Clean Energy Center in the city of Oregon, Ohio. The Oregon Clean Energy Center is an 869 MW natural gas-fired electric power plant, designed to be most efficient generating facility in the mid-Atlantic power markets.
CME Energy and North America Project Development brought in Ares/EIF, which initially served as exclusive equity provider. Eventually, the investment group I Squared joined as a co-investor and owner. The project reached financial close November 14, 2014. Black & Veatch began construction on November 17, 2014. CME, through NAPD, remains a minority owner.
The plant is currently under construction and is scheduled to begin commercial operations on June 1, 2017.
The Oregon Clean Energy Center won IJGlobal’s North American Single-Asset Power 2014 Award in March 2015.