SSE plc (LSE:SSE) and Equinor ASA (OB:EQNR) entered into an agreement to acquire Triton Power Holdings Ltd from Energy Capital Partners IV, LP managed by Energy Capital Partners for approximately £340 million on June 28, 2022. Once the transaction is complete, Equinor and SSE Thermal will own Triton Power through a 50:50 joint venture. The 82 existing employees of Triton Power will be employed by the joint venture. The transaction is subject to approval from UK National Security Filing and EU Merger Control and expected to complete in September. Beatrice Lo of Latham & Watkins (London) LLP acted as a legal advisor to Triton Power Partners LP. Richard Coar, Chris Staples, Simon Kerr-Davis, Eram Khan, Cara Hegarty, and Julie Sharp of Linklaters LLP acted as legal advisors to SSE plc (LSE:SSE) and Equinor ASA (OB:EQNR).

SSE plc (LSE:SSE) and Equinor ASA (OB:EQNR) completed the acquisition of Triton Power Holdings Ltd from Energy Capital Partners IV, LP managed by Energy Capital Partners on September 1, 2022.