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Oregon Clean Energy Center
“CME partnered with Pure Energy to form the development company, 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 construction began in November 2014 and began commercial operations in June 2017. The project is capable of producing up to 961 MW.
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. The project is capable of producing up to 961 MW.
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 began commercial operations in June 2017.
The Oregon Clean Energy Center won IJGlobal’s North American Single-Asset Power 2014 Award in March 2015.