Morgan Stanley Infrastructure Partners has agreed to sell its ownership stake in Bayonne Energy Center to Jupiter Energy Investor, LLC, the company announced.

The 660-megawatt dual-fuel generating facility is located in Bayonne, New Jersey, and supplies electricity, capacity, and ancillary services exclusively to New York City through a dedicated subsea cable system. Morgan Stanley Infrastructure Partners acquired the plant in 2018 and has managed it through its power asset management platform TigerGenCo.

Bayonne Energy Center serves the five boroughs of New York City, designated as NYISO Zone J within the New York Independent System Operator's grid management system. The facility was commissioned in 2012 and consists of 10 simple-cycle aeroderivative gas turbines designed for rapid startup and peak electricity demand response.

"As the newest dispatchable generator serving New York City, Bayonne has demonstrated exceptional operational performance and plays a critical role in supporting New York's grid reliability," said Dan Barbosa, Executive Director at Morgan Stanley Infrastructure Partners.

The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions and regulatory approvals. Jefferies LLC served as lead financial advisor to Morgan Stanley Infrastructure Partners.

Morgan Stanley Infrastructure Partners is a private infrastructure investment platform with approximately $17 billion in capital commitments since its founding in 2006. The platform focuses on investments across transportation, digital, energy transition, and water and waste sectors.