Strategic Value Partners (SVP) has agreed to acquire a minority stake in South Field Energy, a natural gas-fired power plant located in Ohio. Financial terms of the deal were not disclosed. South Field Energy commenced commercial operations in 2021.

The investment is part of an ongoing partnership between SVP and Ever Gen Power, a power generation asset management firm established by SVP in 2024.

David Geenberg, head of North American corporate investments at SVP, highlighted the attractive opportunities in the power generation sector, citing increased demand from data centers and the need for consolidation. He expressed enthusiasm for joining South Field's existing shareholder base, which includes Asian and U.S. investors, to enhance the value of the asset in a rapidly expanding market.