Charah Solutions, Inc. (NYSE:CHRA) entered into an agreement to acquire 627 MW Avon Lake Generating Station of GenOn Power Midwest LP in May 2021. GenOn will continue to maintain responsibility for the plant and operate the plant in the normal course of business through closing. The transaction is expected to close in early April 2022 after the plant ceases generation operation. Avison Young acted as a real estate advisory, development, and broker to Charah Solutions. As part of this agreement, Charah Solutions, through its subsidiary Avon Lake Environmental Redevelopment Group, LLC has acquired the 40-acre area located on Lake Erie, which consists of multiple parcels of land adjacent to the retired generating plant, including the generating station, submerged lands lease in Lake Erie, substation/switch gear and transformers, administrative offices and structures, coal rail and storage yard parcels south of Lake Road as well as the interconnection agreement.

Charah Solutions, Inc. (NYSE:CHRA) completed the acquisition of 627 MW Avon Lake Generating Station of GenOn Power Midwest LP on April 4, 2022.