# CPV Valley Energy Center

NYISO power_plant · https://askthegrid.com/nyiso/assets/plant/cpv-valley-energy-center

CPV Valley Energy Center is a 680-MW natural-gas-fired combined-cycle electric generating facility located in Wawayanda, Orange County, New York. The plant uses two Siemens SGT6-5000F gas turbines and one Siemens SST-5000 steam turbine, operating primarily on pipeline natural gas with ultra-low-sulfur distillate oil available as backup fuel. CPV Valley, LLC is the owner and operator; the facility is developed and managed by Competitive Power Ventures. The plant serves the Lower Hudson Valley reliability region and displaces less-efficient generation while supporting grid stability.

## Key facts

- Technology: Natural Gas Fired Combined Cycle
- Power capacity: 770.5 MW

## Grid and market context

- ISO/RTO: NYISO
- Balancing authority: NYISO

## Source-backed facts

- Location.town: Wawayanda — cpv.com · confidence: review_required
- Technology.type: Natural gas-fired combined-cycle — cpv.com · confidence: review_required
- Operations.commercial operation date: September 2018 — cpv.com · confidence: review_required
- Capacity.installed capacity mw: 680 MW — cpv.com · confidence: review_required
- Capacity.homes served: 650000 homes — cpv.com · confidence: review_required
- Operations.employees: 23 full-time skilled professionals — cpv.com · confidence: review_required
- Operations.contractors: 75 contractors — cpv.com · confidence: review_required
- Community.construction jobs: 3000 jobs — cpv.com · confidence: review_required
- Community.estimated tax revenue: 53000000 USD over life of project — cpv.com · confidence: review_required

## Timeline

- 2013 — Development and pre-construction planning
  NY regulatory materials describe CPV Valley as a proposed Lower Hudson Valley combined-cycle project in development stage; CPV intended to finance through non-recourse credit facilities and sponsor equity with a proposed June 1, 2016 commercial-operation target.
  Source: documents.dps.ny.gov (https://documents.dps.ny.gov/public/Common/ViewDoc.aspx?DocRefId=%7B5C5EA872-C6FE-49F0-B4D7-60FA755216DE%7D)
- 2015-07 — Construction contract and start
  Skanska signed a $255 million construction contract with CPV; Skanska, Burns & McDonnell, and ECCO III Enterprises formed the EPC joint venture. Construction began in July 2015 with scheduled substantial completion in 2017.
  Source: skanska.com (https://www.skanska.com/us/en/media/press-releases/2015/skanska-builds-power-plant-in-new-york-usa-for-usd-255-m-about-sek-2.1-billion)

## Sources

- [cpv.com](https://cpv.com/our-fleet/cpv-valley-energy-center/) — cpv.com · tier public_source
- [documents.dps.ny.gov](https://documents.dps.ny.gov/public/Common/ViewDoc.aspx?DocRefId=%7B5C5EA872-C6FE-49F0-B4D7-60FA755216DE%7D) — documents.dps.ny.gov · tier authoritative
- [documents.dps.ny.gov](https://documents.dps.ny.gov/public/Common/ViewDoc.aspx?DocRefId=%7B5EF98FB5-FE2F-4E1F-A68E-1B8CAA317D84%7D) — documents.dps.ny.gov · tier authoritative
- [ippjournal.com](https://ippjournal.com/news/cpv-and-dgc-close-financing-on-720-mw-valley-energy-center-project) — ippjournal.com · tier public_source
- [prnewswire.com](https://www.prnewswire.com/il/news-releases/global-infrastructure-partners-agrees-to-sell-competitive-power-ventures-to-opc-energy-301150654.html) — prnewswire.com · tier public_source
- [skanska.com](https://www.skanska.com/us/en/media/press-releases/2015/skanska-builds-power-plant-in-new-york-usa-for-usd-255-m-about-sek-2.1-billion) — skanska.com · tier public_source

## Data quality

- The exact operating-asset identity is supported by EIA plant ID 56940, NYISO resources CPV Valley CC1 and CC2 (PTIDs 323721 and 323722), CPV's official project page, regulatory filings, and the Wawayanda location in Orange County, New York. The anchor-supplied capacity of 770.5 MW differs from the official operating capacity of 680 MW. The 680 MW figure is documented by CPV's official September 2018 commercial-operation announcement. Earlier development-phase sources (2013–2015) cited 675 MW and 720 MW as estimated capacities during financing and construction. The 680 MW operating capacity is selected as the current factual value; the 770.5 MW anchor value appears to reflect a nameplate or planned rating. The plant is registered in NYISO as two separate market resources (CPV Valley CC1 and CC2), each listed with ~385 MW nominal capacity, totaling 680 MW. This two-unit registration is consistent with the regulatory description of two gas turbines and one steam turbine in a combined-cycle configuration. The regulatory record describes a non-recourse debt and sponsor-equity structure with a noted Warburg Pincus equity commitment exceeding $300 million during development; this commitment is not treated as a confirmed funded capital contribution. The corporate-level and project-level financing transactions remain separate and material. Ownership is currently split 50% indirect ownership through CPV Group LP (controlled by OPC Energy, acquired 2021) and 50% indirect ownership through Diamond Generating Corporation (subsidiary of Mitsubishi Corporation, since 2015 financial close). No post-2021 ownership changes to this 50/50 structure are documented. The reviewed evidence documents development (2013), project financing (2015), construction (2015–2018), commercial operation (September 2018), and corporate platform acquisition (2020–2021). No subsequent expansion, retirement, repowering, or fuel-conversion event for the exact plant is documented through July 25, 2026. CPV Valley should not be conflated with other CPV assets, including CPV Three Rivers Energy Center (Illinois, 1,250 MW under construction per 2020 regulatory filings), CPV St. Charles, CPV Sentinel, or similarly named Valley projects.

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Canonical page: https://askthegrid.com/nyiso/assets/plant/cpv-valley-energy-center

Source: Ask the Grid — https://askthegrid.com/