Vistra Nabs Nuclear, Solar, Storage Assets in Energy Harbor Deal
Attachment: Vistra-EH 0323
March 7, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Vistra Corporation (NYSE:VST) (Irving, Texas) announced this week it plans to acquire Energy Harbor (Akron, Ohio), which operates the second-largest non-regulated nuclear fleet in the U.S., for $3 billion. Vistra expects the acquisition will add roughly 500,000 retail customers and 4 gigawatts (GW) of nuclear capacity to its portfolio--along with $430 million in Energy Harbor's debt.
Industrial Info is tracking $5.35 billion worth of active projects from Vistra and more than $670 million worth from Energy Harbor. Solar and BESS projects have surged to the forefront of Vistra's capital-expenditure (capex) program for 2023. Of the $2.02 billion in capex planned for 2023, solar and BESS projects account for $977 million, while maintenance on nuclear and fossil-fuel assets account for $744 million.
Other companies featured: First Solar Incorporated (NASDAQ:FSLR)
