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New Fortress Energy (NFE) has reached an agreement to sell its liquefaction and storage facility in Miami, Florida to a US middle-market infrastructure fund.
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Independent power project investor Tyr Energy has agreed to acquire Siemens Financial Services’ 20% in the natural gas-fired Hickory Run Energy power plant, PFR has learned.
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Pembina Gas Infrastructure, a joint subsidiary of KKR and Canada's Pembina Pipeline Corporation, will acquire a 50% interest in Whitecap’s 15-07 Kaybob Complex for $420 million.
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ContourGlobal has completed the sale of a portfolio of wind projects in Brazil to alternative asset manager Patria Investimentos and Invenergy.
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California Resources Corporation has closed its $2.1 billion all-stock business combination of Aera Energy.
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Oglethorpe Power will acquire a 465MW peaking power plant in Georgia from global investment firm The Carlyle Group’s affiliate Mackinaw Power Holdings.
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Independent power producer Northland Power has closed the sale of its La Lucha solar project in Mexico to Cometa Energía, a subsidiary of Saavi Energía.
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Chilean power company Colbún has agreed to acquire Inversiones Latin America Power (ILAP) following ILAP’s restructuring process completed earlier this year.
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Gore Street Capital will transfer ownership of its 400MWh California-sited BESS site to Imperial Irrigation District (IID).
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California-based asset management firm TCW Group will divest its 19.64% ownership of Pennsylvania’s Homer City Generation to funds managed by distressed asset-focused investor Knighthead Capital Management, PFR has learned.
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Axium Infrastructure’s Coachella subsidiary has closed on the sale of its 49% interest in Morongo Transmission to the Morongo Band of Mission Indians.
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US-based bitcoin mining company CleanSpark has merged with data centre company GRIID in an $155 million all-stock transaction.
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Belltown Power has put an 850MW battery energy storage (BESS) portfolio in Texas up for sale.
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Kimmeridge subsidiary Kimmeridge Texas Gas has closed on its follow-on control investment in Commonwealth LNG and hired David Lawler as chief executive to lead the venture.
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Jupiter Power's partnership with local power provider Consumers Energy is to acquire 100MW of battery energy storage in Coldwater, Michigan.
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Commercial-scale clean electricity provider Altus Power is to acquire an 8.5MW solar array sited in New Jersey.
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CleanSpark’s subsidiary CSRE Properties Sandersville is acquiring 5 bitcoin mining data centers in Georgia for $25 million.
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Catalyst Power is to buy New-York based electricity and natural gas supplier Robison Energy from V3 Commodities Group.
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UK electricity provider Octopus Energy has made its first US renewables investment with the acquisition of a pair of solar projects from Vesper Energy.
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Actis has launched energy platform Orygen in Peru following the company’s acquisition of Enel’s Peruvian generation business.
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Brazil’s competition regulator CADE has approved the sale of AES’s Brazilian portfolio to renewables developer Auren Energia.
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Middle-market infrastructure investor Tiger Infrastructure Partners is to acquire fully-integrated energy-as-a-service platform Unison Energy.
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SLB and Aker Carbon Capture have closed their joint venture after Aker sold 80% of its share in Aker Carbon Capture Holding AS (ACCH) to an SLB subsidiary.
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Washington-based Puget Sound Energy (PSE) has closed on the sale of its $800 million schedule A and B senior notes.
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American Electric Power (AEP) has begun seeking Federal Energy Regulatory Commission (FERC) approval on its $315 million sale of distributed energy business AEP OnSite Partners to funds managed by Basalt Infrastructure Partners (BIP).
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Japanese corporate Itochu has made the first investment from its North America renewables-focused fund Overland Capital Partners.
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Alliant's midwestern utility company Wisconsin Power & Light has completed its nearly $127 million sell-down of the West Riverside Energy Center, PFR has learned.
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Oil and gas company Ultragaz has acquired a majority stake in renewable energy services and commercialisation platform Witzler Energia.
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EDPR NA Distributed Generation will acquire 4 Illinois community solar projects totalling 20MWac from Renewable Properties.
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Renewables business Primary Energy has tapped Apterra Infrastructure Capital for the refinancing of its platform, PFR has learned.
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NextEra Energy has closed on the sale of its 180MW Big Cypress solar PV facility to Crittenden County, Arkansas in a sale-leaseback deal, PFR has learned.
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Redeux Energy Partners is to sell a 450MWdc solar portfolio to Pine Gate Renewables.
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Eletrobras has completed the sale of a portfolio of gas-fired power plants in Brazil to Âmbar Energia.
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Independent power producer Silicon Ranch will enter 3 sale-leaseback transactions for 704MW of solar photovoltaic projects in Georgia and Kentucky, PFR has learned.
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Tri-State Generation and Transmission Association (Tri-state) will purchase 2 Colorado-based solar projects from JUWI.
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Lotus Infrastructure Partner has closed its acquisition of PNE USA, with the developer rebranded as Allium Renewable Energy.
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Louisiana power company Cleco Corporate Holdings has closed on the $600 million sale of its unregulated electric utility business, Cleco Cajun, to private equity firm Atlas Holdings, PFR has learned.
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Sindicato Energético (Sinersa) has completed the acquisition of a hydroelectric asset from Glencore-owned mining company Volcan in Peru.
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Brookfield Infrastructure Partners is selling its Canadian gas gathering and processing business, NorthRiver Midstream, to unlisted infrastructure business Kiara Infrastructure Private Limited, PFR has learned.
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Renewables developer Auren Energia has agreed to acquire energy trading company Esfera Energia.
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Black Mountain Energy Storage has put up a late stage 1070MW/2140MWh battery energy storage system (BESS) portfolio up for sale.
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Midstream natural gas company Kinetik has closed on the sale of a 16% equity interest in the Gulf Coast Express pipeline (GCX) to an ArcLight Capital Partners affiliate.
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JERA, Japan's prominent power and LNG entity, has agreed to sell down its interest in the Freeport LNG project to Japan Petroleum Exploration Co (JAPEX).
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Canadian pipeline and energy company Enbridge has closed on its acquisition of Dominion Energy’s Questar Gas and Wexpro assets for around $4.3 billion.
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BlackRock has closed its $500 million preferred equity investment in Canadian Solar subsidiary, Recurrent Energy, which represents a 20% stake in the solar and energy storage developer.
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Brazilian utility Copel and Petrobras have concluded the sale of the Araucária gas-fired power plant they co-owned in Brazil.
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Global investment firm KKR will acquire Canadian energy and services company Emera’s equity interest in the Labrador Island Link (LIL) transmission site.
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NOVA Infrastructure is acquiring listed solar and storage developer UGE International in a deal that values the company at C$72 million.
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WEC Energy is set to acquire a 90% stake in Invenergy's 298MW Maple Flats solar, PFR has learned.
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Portland General Electric (PGE) has signed a non-binding memorandum of understanding (MoU) to acquire a 20% stake in the 3GW North Plains Connector transmission line, developed by Grid United and Allete.
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The $53 billion merger between oil and natural gas giant Chevron and independent energy company Hess faces legal challenges.
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Large-scale, US-based renewables EPC business Signal Energy is up for grabs with the sale process launched last week.
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Enel has concluded the sale of its distribution businesses in Peru to China Southern Power Grid International (CSGI).
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Rockland Capital is to acquire electric power generation and distribution company Lanyard Power from Olympus Power, PFR has learned.
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Renewable developer Green Lantern Solar is selling 8 metered solar projects in Vermont to Sea Oak Capital.
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Abu Dhabi National Oil Company (ADNOC) has acquired an 11.7% stake in phase 1 of NextDecade’s Rio Grande LNG project.
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Global renewables business RWE Clean Energy has acquired a 599MW portfolio from Galehead Development.
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Canadian power company TC Energy is appealing the Delaware Chancery Court ruling to pay $199.2 million in damages as part of an ongoing class action lawsuit related to its 2016 acquisition of Columbia Pipeline.
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AES has agreed to sell its Brazilian portfolio totalling 5.2GW of capacity to renewables developer Auren Energia.
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One Energy and special purpose acquisition company (SPAC) TortoiseEcofin Acquisition Corp III have filed with the Securities & Exchange Commission to merge ahead of being publicly traded as One Power Company.
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Brazilian renewable developer 2W Ecobank is evaluating a proposal to sell a controlling stake in the company.
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Tri-State Transmission has closed on its acquisition of transmission assets from United Power, finalising the split between the electric cooperative and the power distributor, PFR has learned.
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Clenera has entered into a sale-leaseback agreement for its 300MW Aristco battery energy project with the City of Rio Rancho, New Mexico, PFR has learned.
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Brazilian utility Copel is planning to divest from a portfolio of small generation assets the company owns through its subsidiary Copel Geração e Transmissão.
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Oklahoma-based midstream natural gas company ONEOK will acquire 450 miles of natural gas liquids (NGL) pipeline from Houston, Texas midstream business Easton Energy.
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Midstream natural gas company Kinetik will sell its 16% equity interest in the Gulf Coast Express pipeline (GCX) to an ArcLight Capital Partners affiliate for $540 million in cash.
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Riley Exploration Permian has closed on its $20.5 million purchase of oil and natural gas properties in Eddy County, New Mexico.
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AltC, a special purpose acquisition company (SPAC) run by former OpenAI CEO Sam Altman, has purchased and combined with nuclear technology company Oklo for $306 million.
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TPG Rise Climate has agreed to acquire Southern California-based independent renewable fuels and refined products storage business Olympus Terminals.
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Spanish clean energy-focused fund manager Qualitas Energy has closed on its controlling stake in Heelstone Renewable Energy from Ares Management for around $850 million, PFR has learned.
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CPS Energy has signed a long-term power purchase agreement (PPA) with Constellation for 200MW of capacity beginning summer 2024.
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United Power has closed on the $627million withdrawal payment to Tri-State Generation and Transmission Association, though sale of the transmission assets finalizing the split remains delayed by the Federal Energy Regulatory Commission, PFR has found.
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Motor fuel giant Sunoco has closed on its $7.3 billion all-equity acquisition of independent pipeline operator NuStar.
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Renewables operator ERG has closed on its acquisition of a 75% stake in a 317MW solar and wind portfolio with Apex Clean Energy.
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Distributed generation platform Aspen Power will partner with a local developer to acquire and manage a portfolio of 20 community solar projects.
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The Bureau of Land Management has opened bidding on 5 lease sales for oil and gas-ready land across the US.
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Utility-scale independent power producer Alternus Clean Energy will acquire more than 80MW of operating solar projects in the US from C2 Energy Capital at a value of $60 million.
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ITC Midwest has closed on its acquisition of transmission assets from Iowa's Maqouketa Municipal Electric Utility, PFR has learned.
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Georgia Power Company (GPC) has closed on its $317 million transmission line sale to Georgia Transmission Corporation (GTC), PFR has learned.
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WEC Energy Group has agreed to acquire a 90% ownership interest in the 300MW Delilah I Solar Energy Center from Invenergy for $459 million.
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Evergy has closed on the acquisition of a 22.2% stake in the 655MW natural gas-fired Dogwood Energy facility.
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Axium Infrastructure’s Coachella subsidiary will sell its 49% interest in Morongo Transmission to the Morongo Band of Mission Indians.
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BW Solar has agreed to sell 12 New York community solar projects totalling 76.7MW to solar and battery storage developer Catalyze.
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Chilean energy group Copec has agreed to acquire a 123MW solar project from Solarpack’s subsidiary Maria Elena.
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Greenbacker Renewable Energy Company has closed its sale-leaseback deal with Huntington National Bank, securing $437 million to finance the repowering of a 3 asset wind portfolio.
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Southwest Gas has closed on its near $300 million initial public offering (IPO) of subsidiary Centuri Holdings.
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The Government of São Paulo has sold its shares in Empresa Metropolitana de Águas e Energia (Emae) placing the power company in private ownership.
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Minority stake sales in renewables platforms are becoming more common as sellers look to “recycle capital’, according to Ammad Faisal, senior managing director, Marathon Capital.
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Stellantis has agreed to buy into solar developer 360Energy in Argentina.
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Madison Energy Infrastructure has acquired the commercial assets, solar development pipeline, and development team of Sun Tribe Solar.
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Nova Clean Energy has acquired HyFuels, a 1GW mid-to-late-stage wind and solar development that also contains an early-stage green ammonia project on the Texas Gulf coast.
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Copenhagen Infrastructure Partners (CIP) has acquired Liberty Renewables and its 1.3GW pipeline of onshore wind projects in New York State.
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Vinci Group has acquired a minority stake in NatPower SA, a renewable energy developer which operates in Italy, the UK, and the US, in a deal valued at €50 million ($53m).
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Oil, gas and NGL company Chord Energy and Canadian O&G giant Enerplus have cleared the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for their $11 billion business combination, PFR has found.
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Energy giant Sunoco has exhausted the required waiting period to satisfy a condition of a $7.3 billion deal to acquire independent pipeline operator NuStar Energy.
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Riley Exploration Permian has closed on sale of its 2.1 million shares of common stock, netting the company $25.4 million, PFR has learned.
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Chesapeake Energy’s $7.4 billion merger with Southwestern Energy has been delayed following a request from the Federal Trade Commission (FTC).
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Entergy New Orleans is issuing $150 million in first mortgage bonds with the Bank of New York Mellon, PFR has learned.
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Lightsource BP has proposed the sale of its Happy and Oxbow solar facilities, PFR has learned.
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Independent natural gas and oil company HighPeak Energy will up its existing $75 million credit agreement to $100 million, PFR has learned.
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International capital is heading to US renewables at what many in the space are calling “record breaking” pace.
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Rockland Power will up its stake in the 237MW Eagle Point Power Generation plant by 13%, PFR has learned.
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EDF Renewables Brasil and Serena Geração have completed the share swap of their stakes in the Pirapora Solar Complex and the Ventos da Bahia wind farm.
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Renewables focused-asset manager Greenbacker Capital Management (GCM) has expanded its team with the hire of Evan Sherman as head of real estate acquisitions.
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Enbridge has closed on the sale of its 50% stake in the Alliance Pipeline and its 42.7% stake in Aux Sable to Pembina Pipeline.
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Natural gas giant CPS Energy will acquire Talen Energy Corporation’s approximately 1,710MW generation portfolio, including natural gas plants in Corpus Christi and Laredo, Texas.
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Brazilian utility Cemig is selling its 45% share in power generation company Aliança Energia to mining company Vale, making Vale the sole owner of Aliança.
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Shell North America has sold its 50% stake in the 2.4GW proposed SouthCoast Wind project with its joint venture partner Ocean Winds North America.
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Southeast PowerGen will sell both its 386MW MPC Generating Power Plant and its 692MW Sandersville gas-fired sites to Gulf Pacific Power, PFR has learned.
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Brookfield-backed renewable developer IVI Energia has acquired a portfolio of distributed generation solar assets in Brazil.
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FirstEnergy has closed its $3.5 billion sale of an additional 30% ownership interest in its FirstEnergy Transmission subsidiary to Brookfield Super-Core Infrastructure Partners.
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Spanish developer Grenergy has completed the sale of wind assets in Peru to Engie Energía Perú.
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Renewables developer NextEra Energy will sell its 180MW Big Cypress solar photovoltaic facility to Crittenden County, Arkansas in a sale-leaseback deal, PFR has learned.
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Equatorial Energia has completed the sale of its transmission business Integração Transmissora de Energia (Intesa) in Brazil.
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Renewable energy developer and producer RIC Energy will sell 7 photovoltaic plants in upstate New York to distributed energy platform Radial Power.
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InfraRed Capital Partners has closed its purchase of shares in 2 utility-scale onshore renewables projects from Shell's US subsidiaries, Shell Windenergy and Savion, for $166 million.
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Investment firm KKR has acquired a majority stake in utility-scale solar and storage developer Avantus, joining existing investor EIG in a $1 billion investment.
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An Eagle Creek Renewable Energy affiliate has acquired US-based community solar developer and owner Lightstar Renewables.
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New Fortress Energy (NFE) has completed the acquisition and transfer of a 1.6GW capacity reserve contract from Ceiba Energy, a company of Denham Capital.
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Renewable natural gas (RNG) platform Viridi Energy has acquired a legacy biosolids digester plant in Brunswick, Maine.
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Talos Energy will sell its wholly-owned subsidiary Talos Low Carbon Solutions (TLCS) to TotalEnergies E&P USA.
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New Fortress Energy has sold a pair of emergency gas-fired power plants the company built last year on behalf of US Army Corps of Engineers.
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Partners Group subsidiary Exus North America has closed on its acquisition of onshore wind projects from Dutch commodity trader Vitol and Oppidum Green Energy.
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CapturePoint has sold 100% of the 45Q tax credits generated by carbon dioxide (CO2) capture at its Arkalon CO2 facility near Liberal, Kansas to an unnamed buyer in a 12 year agreement.
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ExxonMobil and FuelCell Energy are renegotiating their carbon capture joint development agreement (JDA) as it nears termination, PFR has learned.
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Duke Energy has made a series of executive leadership changes as executive president and chief commercial officer Steve Young retires.
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Nuclear power plant operator Constellation Energy has offered $900 million in green senior notes due 15 March, 2054, PFR has learned.
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Enel Americas and Enel Perú have landed approval for the $1.4 billion sale of their Peruvian generation assets to Actis-owned Niagara Energy.
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Sustainable aviation fuel (SAF) producer XCF Global Capital has agreed to combine with special purpose acquisition company (SPAC) Focus Impact BH3 Acquisition.
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Atlas Energy Solutions has closed on its $450 million acquisition of Hi-Crush's Permian Basin proppant production assets and North American logistics operations.
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Danish developer Ørsted has agreed to sell its stakes in a 957MW operating wind portfolio in the US to Stonepeak for about $300 million.
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In little under a year Iberdrola closed the government-backed Mexico Infrastructure Partners’ (MIP) $6.2 billion acquisition of a majority stake in the Spanish company’s Mexican portfolio, ending years on tension between Iberdrola and the government.
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Renewable M&A activity in Latin America has slowed down in the last year, a phenomenon not endemic to the region with lower anticipated returns, high interest rates, and other factors including low energy prices hindering the space across jurisdictions.
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Renewable energy infrastructure investor Excelsior Energy Capital will sell a 38-asset solar and storage portfolio to BlackRock’s Evergreen Infrastructure Partners Fund.
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EQT Corporation will acquire natural gas provider Equitrans Midstream Corporation in an all-stock transaction valued at $5.45 billion.
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Standard Solar will acquire a 6-project, 18.5MW solar portfolio from Vermont-based developer MHG Solar.
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Already one of the cleanest energy mixes in the world, Latin American policy makers continue to push for ambitious net-zero targets. Renewables already generate 60% of the region’s electricity, twice the global average, with no shortage of sponsors looking to take advantage of some of the globe’s best renewables resources.
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Renewables developer NextEra Resources is selling its Dunns Bridge II Solar and Storage project to a joint venture managed by utility the North Indiana Public Service Company (NIPSCO) and an unnamed tax equity investor, PFR has learned.
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Vistra Corporation has closed on the sale of the Richland and Stryker power plants to Rockland Capital, one of the final puzzle pieces in the closing of its $6.3 billion merger with Energy Harbor.
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Engie Brazil Energia has acquired 5 Atlas Renewable Energy solar projects in Brazil, totalling 545MW of installed capacity, for R$3.24 billion ($643 million).
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Spanish energy giant Repsol has closed on its acquisition of US renewable development company ConnectGen for $768 million.
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Canadian pipeline and energy company Enbridge has closed on its acquisition of Dominion Energy’s East Ohio Gas Company (EOG) for $6.6 billion.
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Utility-scale battery developer GridStor has acquired a 450MW/900MWh battery energy storage system (BESS) project in Galveston, Texas, from Balanced Rock Power.
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Spanish utility Iberdrola has submitted a non-binding offer to buy the remaining 18.4% of its US subsidiary Avangrid for $2.5 billion, aimed at taking over the entire company.
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A consortium of insurance companies has agreed to acquire a 76.5MW biomass-fuelled power plant sited in Berlin, New Hampshire, PFR has learned.
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RIC Energy has sold a 20MW solar photovoltaic portfolio to Brookfield-owned Luminace.
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Canadian power producer Northland Power has agreed to sell its La Lucha solar project in Mexico to Saavi Energía subsidiary Cometa Energía.
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Private equity firm Bridgepoint's proposed $1.1billion acquisition of energy-focused investment manager Energy Capital Partners (ECP) has been halted by the Federal Energy Regulatory Commission (FERC) over competition concerns.
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TC Energy and partner Northern New England Investment Company are to sell the Portland Natural Gas Transmission System (PNGTS) to BlackRock and investment funds managed by Morgan Stanley Infrastructure Partners (MSIP).
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DE Shaw Renewable Investments (DESRI) will sell multiple transmission assets associated with its Arroyo Solar Project to the Public Service Company of New Mexico (PNM), PFR has learned.
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Germany-headquartered global asset management group IKAV and asset manager Canadian Plan Pension Investment Board (CPPIB) will each obtain at least 10% stake in California Resources Corporation from owners BlackRock and Vanguard Group.
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Tri-State Generation and Transmission Association has received a key state-level regulatory approval from the Colorado Public Utilities Commission (CPUC) on the $75 million sale of its transmission facilities, contracts, and assets to United Power, PFR has learned.
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The government of Mexico and Iberdrola have formally closed government-backed Mexico Infrastructure Partners’ (MIP) $6.2 billion acquisition of a majority stake in the Spanish company’s Mexican portfolio.
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Colombia power company Celsia is considering selling a duo of wind projects located in the department La Guajira, Colombia.
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Capital Power has closed on its acquisition of 2 contracted combined-cycle US gas generation facilities from Beal Financial Corporation subsidiary CSG Investments.
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Infrastructure and real assets-focused investment firm Stonepeak will acquire a 50% interest in Dominion Energy’s Coastal Virginia Offshore Wind project.
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NorthRenew Energy is to sell its Arco Wind and Solar facility to US-based grid operator PacifiCorp.
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The Federal Economic Competition Commission (Cofece) has conditionally approved the acquisition of a majority stake in Iberdrola's Mexican portfolio by government-backed Mexico Infrastructure Partners (MIP).
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Actis has today (21 February) launched a Brazilian transmission platform with the acquisition of an operational transmission asset.
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French energy business TotalEnergies has closed on the $635 million acquisition of 3 gas-fired power plants in Texas from TexGen, PFR has learned.
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When the tax equity market was transformed in 2023 with transferability, it was not only the tax equity market and energy players that were excited about the new credit capabilities. The guidelines released in June 2023 opened the market to any other investors with tax appetites, and tax transfer platforms hope to streamline the process for new investors.
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Delta Utilities – a portfolio company of Bernhard Capital – has today (20 February) entered an agreement with CenterPoint Energy to acquire natural gas distribution networks.
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Macquarie Asset Management has today (20 February) agreed the sale of Lordstown Energy Center to Arclight Capital vehicle ArcLight Fund VII.
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Electricity and power generation company Vistra has received approval from the Federal Energy Regulatory Commission (FERC) to acquire Energy Harbor. It is the final approval needed in a $6.3 billion merger that will rebrand Vistra as renewables mega firm Vistra Vision.
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Plenitude’s US subsidiary Eni New Energy US has closed on its buy of an 80% equity stake in 3 operating solar projects from global energy business EDP Renováveis (EDPR), PFR has learned.
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New Fortress Energy has completed sale of its 20% equity interest in global maritime infrastructure company Energos Infrastructure to Apollo-managed funds.
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Blackstone is looking for buyers for a stake in its portfolio company Aypa Power. PFR understands Blackstone is looking to sell a minority stake and is in talks with multiple potential buyers.
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Asset management firm Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) will acquire a majority stake in the Sharp Hills wind farm from EDP Renewables subsidiary EDP Renewables Canada (EDPR Canada).
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Eversource Energy has agreed to divest to Global Infrastructure Partners (GIP) its 50% stake in its remaining 2 offshore projects that are co-owned with Ørsted.
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US based renewable energy developer owner and operator Longroad Energy has closed on sale of its 108MWdc Foxhound Solar project to Dominion Energy, PFR has learned.
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Standard Solar is to acquire an 84MW community solar portfolio in Illinois from renewables company New Leaf Energy.
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Battery energy storage system (BESS) developer, owner and operator SMT Energy has sold a portfolio of nearly 400MW storage projects to UBS Asset Management.
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Evergy will acquire a 22.2% interest stake in 655MW natural gas-fired facility Dogwood Energy, PFR has learned.
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Battery energy storage system (BESS) developer, owner and operator SMT Energy has sold nearly 400MWs of storage projects to UBS Asset Management.
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A Tenaska affiliate has acquired 6 natural gas generation facilities from IMG Energy Solutions.
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Alliant Energy’s Wisconsin Utility, Wisconsin Power and Light Company (WPL), has closed on the sale of an 18% ownership stake in the 723.2MW natural-gas combined-cycle generation and 4MW solar hybrid project West Riverside Energy Center, PFR has learned.
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California Resources Corporation will combine with Aera Energy in an all-stock transaction valuing Aera around $2.1 billion.
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Nautilus Solar Energy has closed on its acquisition of a 12.7 MW portfolio of community solar projects from SolAmerica Energy.
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Portland General Electric (PGE) closed on its acquisition of a 208MW stake in the Clearwater Wind Farm from developer NextEra, PFR has learned.
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Barely a month into the new year and infrastructure and energy investment managers have dominated headlines. Global Infrastructure Partners – and all $100 billion of its AUM – got absorbed into fund management behemoth BlackRock. Meanwhile, General Atlantic bolted on $12.5 billion sustainable infrastructure firm Actis onto its beefy $86 billion body of managed assets.
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Enel has landed conditional approval for the sale of its distribution businesses in Peru to China Southern Power Grid International (CSGI).
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Tokyo Gas has continued its move into the US energy markets with an investment in a subsidiary of ARM Energy.
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Spire is offering $350 million in 5.3% senior notes due 2026 to help fund the acquisition of the MoGas and Omega pipeline systems.
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BP Energy Partners-owned Cryopeak LNG Solutions has merged with the Energy & Minerals Group-owned Ferus Natural Gas Fuels, combining their LNG production and distribution technologies.
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Water treatment company GS Inima has entered the renewable energy market in Chile following the acquisition of a solar project.
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Altus Power has closed on its acquisition of 84MW commercial-scale solar arrays from Vitol for around $118 million.
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UK-based Cubico Sustainable Investments has added 1.6GW to its renewables development portfolio in Mexico through the acquisition of Renantis Mexico and the signing of a strategic agreement with Grupo Sowitec.
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Renewable energy provider Cordia has closed on its acquisition of Pittsburgh, Pennsylvania-sited energy systems from Essential Utilities for $165 million.
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Spanish renewable developer Grenergy is offloading 174MW of wind and solar assets the company owns in Peru.
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Quantum Capital Group has partnered with Humble Midstream II to fund the company’s continuing development and operation of US-based energy infrastructure projects.
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Tokyo Gas subsidiary Tokyo Gas America has closed on its $216 million acquisition of the Longbow battery energy storage (BESS) project from Clean Capital Partners.
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Biofuels company POET and Summit Carbon Solutions have entered into a partnership to utilise Summit's carbon capture technology to reduce emissions created in the biofuel production process.
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Midstream power company NGL Energy Partners has increased its senior secured notes offering to $2.2 billion.
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Utility-scale developer RedWind Renewables has sold 2 250MW solar PV and BESS projects to global renewable energy business Greenvolt Power.
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Ørsted is to become the sole owner of the 924MW Sunrise Wind project after buying out joint venture partner Eversource Energy.
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Alliant Energy’s Wisconsin Utility, Wisconsin Power and Light Company (WPL), is diluting its interest in the 723.2MW natural-gas combined-cycle generation and 4MW solar hybrid project West Riverside Energy Center, PFR has learned.
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United Power is to buy its transmission facilities, contracts, and assets, from Tri-State Generation and Transmission Association (Tri-State) for $75million in a transaction critical for the utility's split from the electric cooperative, PFR has learned.
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Deriva Energy, formerly Duke Energy Renewables, has acquired the 140MW Spanish Peaks Solar project sited in Las Animas County, Colorado from global solar power developer JUWI.
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Solar panel manufacturer First Solar has acquired a 1.2 million square foot facility in Troy Township, Ohio.
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Motor fuel giant Sunoco has agreed to acquire independent pipeline operator NuStar in an all-equity transaction valued at $7.3 billion.
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CorEnergy Infrastructure has closed on sale of its MoGas and Omega pipeline systems (MoGas System) to Spire subsidiary Spire Midstream.
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Large nuclear plants may overtake previously trending small modular reactors (SMRs) in the market as both private and federal funds are zeroing in on the sector to meet ever-growing grid demand.
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The Bureau of Land Management (BLM) will begin the first of 8 oil and gas lease sales this year with the auction of 19 Wyoming-sited parcels covering 13,858.91 acres on 5 March.
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Apex Clean Energy and Korean energy company SK Gas and its green energy development business SK D&D are partnering up to own US-based energy storage facilities.
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Scale Microgrids is set to acquire 500MW of distributed solar and storage projects across the US from Netherlands-based global clean energy developer Gutami.
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The renewable energy sector in Chile continued to feel market disruptions in 2023 forcing many financial reorganizations and restructurings throughout the year.
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Distributed generation (DG) has grown exponentially in the past few years in Brazil and 2023 saw many players entering at every level of the market, while existing ones consolidated their pipelines.
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Partners Group subsidiary Exus North America has agreed to purchase Dutch commodity trader Vitol’s 244MW Pennsylvania-based 3-project wind portfolio, PFR has learned.
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LS Power has agreed to acquire an 810MW natural gas-fired power plant sited in Gettysburg, Pennsylvania from an affiliate of Platinum Equity.
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Octopus Energy company Sky Renewables is set to purchase the Ohio-sited 80MW Nestlewood and Pennsylvania-sited 16MW Gaucho solar projects from Vesper Energy, PFR has learned.
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BlackRock has agreed to acquire Global Infrastructure Partners (GIP) for about $12.5 billion in cash and stock, in a move that further consolidates the infrastructure fund market.
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Clean energy-focused point-of-sale investment firm Sunlight Financial has, through its partnership with Cross River Bank, sold a pool of approximately $300 million in solar loan assets.
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Plenitude’s US subsidiary Eni New Energy US has agreed to purchase an 80% equity stake in an operational three-project solar portfolio from global energy business EDP Renováveis (EDPR).
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Hannon Armstrong Sustainable Infrastructure Capital (HASI) has doubled its additional 2027 green senior unsecured notes in aggregate principal of 8% to $200 million.
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Santiago-based developer Verano Energy has sold a greenfield solar project in Argentina to an undisclosed large local buyer.
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Despite renewables grabbing the headlines, emergency weather situations and the increased energy demand in cities with rapidly rising populations have been catalysts for a “gas renaissance” in the M&A power space.
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Vistra Corporation is offloading its Richland and Stryker facilities to Rockland Capital in an effort to complete its pending $6.3 billion merger with Energy Harbor, creating renewables mega firm Vistra Vision.
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Brookfield Renewable has issued C$400 million (US$298.5 million) of medium-term loans to pay for future green investments and repay indebtedness incurred in previous ventures.
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Investment firm Fibra Orión has acquired a wind project located in Mexico, marking the firm’s first energy investment.
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Meridian Clean Energy has upped its stake in 850MW simple-cycle natural gas plant Sentinel Energy.
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I Squared Capital has agreed to acquire 49% of distributed generation company Órigo Energia in Brazil.
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Point-of-sale finance firm Sunlight Financial has named current chief operating officer (COO) Timothy Parsons as the company’s new chief executive.
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The North American division of Italy’s Enel has closed on its $271 million sale of all US geothermal assets and several solar parks to Ormat Technologies.
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Renewables operator ERG has agreed to partner with independent US green power company Apex Clean Energy Holdings to manage and potentially expand a currently operating portfolio of wind and solar projects.
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Brazil’s Eletrobras has closed the sale of the last coal-fired power plant the company owns in the country.
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Capital Power has completed its $97.5 million acquisition of the Frederickson 1 Generating Station from Atlantic Power & Utilities.
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American Electric Power and PNM Resources have agreed to sell a 50% interest in New Mexico Renewable Development (NMRD) to Exus North America.
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PNM Resources and Avangrid have terminated their $4.3 billion merger agreement.
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Spanish renewable developer Solarpack and French asset manager Ardian have split their renewable joint venture (JV) of solar portfolios in Chile and Peru.
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Blackstone Infrastructure Partners subsidiary BIP Blue Buyer has completed its $2.16 billion acquisition of a 19.9% equity stake in NIPSCO.
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Global Infrastructure Partners (GIP) has agreed to expand its partnership with AES Andes, growing their shared portfolio from 730MW to more than 1,400MW in Chile.
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Commercial-scale provider of clean electric energy provider Altus Power has closed on the acquisition of Project Hyperion which consists of 121MW of solar assets, primarily located in North and South Carolina.
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Southwest Gas Holdings has appointed William “Bill” Fehrman as president and chief executive of Centuri Group, effective January 12, 2024.
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Global Partners has completed the acquisition of 25 liquid energy terminals from Saudi Aramco-subsidiary Motiva Enterprises.
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Crescent Point Energy has closed on its acquisition of Canadian Riverstone Holdings-owned oil and gas business Hammerhead Energy.
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Transaction risk insurance broking and advisory firm Birch Risk Advisors has taken on former NovaSource Power Services chief executive officer Troy Lauterbach as renewable energy advisor.
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Electricity distributor and hydro developer Luz del Sur has agreed to acquire a pair of operational wind projects in Peru.
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Ardian has acquired full ownership of the Peruvian subsidiary of Latin America Power from funds managed by BTG Pactual, Patria Investments and GMR Holding.
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Southern Company subsidiary Georgia Power Company (GPC) will sell multiple specified transmission lines to Georgia Transmission Corporation (GTC), PFR has learned.
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Canadian investment giant Brookfield acquired Duke Energy’s unregulated utility scale commercial renewables business at an enterprise value of approximately $2.8 billion – a deal that showed they were the exception to the mega M&A rules this year.
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Brazilian utility Copel and Petrobras have agreed to sell the Araucária gas-fired power plant they co-owned in Brazil.
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NextEnergy Capital has finalised the first investment – a 100MW utility-scale solar project in Highlands County, Florida – from its latest fund.
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Westbridge Renewable Energy has closed the sale of its 230MW Vulcan County, Alberta-sited solar power plant project known as Georgetown Solar to a subsidiary of Mytilineos Energy & Metals.
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Unit Corporation has completed its previously announced sale of certain non-core oil and gas assets sited in the Texas Panhandle for net cash proceeds of $50 million at closing.
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French renewable developer Voltalia has agreed to sell a wind site in its Serra Branca complex in Brazil to Japanese conglomerate TODA.
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Canadian investment manager Brookfield is investing R$1.2 billion ($242 million) into solar distributed generation in Brazil.
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Zuma Energia has completed the acquisition of a majority stake in Jaguar Solar from InfraRed and INVEX Infraestructura (INVEX).
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Shell subsidiaries Shell Wind Energy and Savion Equity will sell partial ownership stakes in two US-based renewable energy projects to international infrastructure investment manager InfraRed Capital Partners (InfraRed).
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Renewable and utility developer Invenergy has acquired the Atlantic Power Transmission (APT) project from Blackstone, relaunching the New Jersey transmission initiative as Jersey Link, to support New Jersey’s offshore wind goals.
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A consortium including Sunstone Credit, IGS Ventures, and an affiliate of Greenbacker Capital Management, have closed on the acquisition of residential solar lender Sunlight Financial Holdings following its Chapter 11 restructuring.
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BW Solar has sold two battery energy storage (BESS) projects with a combined capacity of 525MW to renewable energy storage company Spearmint Energy.
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Independent power producer Nightpeak Energy (Nightpeak) has closed on its acquisition of NRG subsidiary Saguaro Power Company (Saguaro).
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London-based electricity generation company ContourGlobal has agreed to offload a portfolio of wind farms in Brazil.
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Southwest Gas Holdings, (Southwest Gas ) will pursue an initial public offering (IPO) of newly issued Centuri Holdings shares during spring or summer of 2024 as the companies look to separate.
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Ares Management has acquired organic waste management and biogas company Burnham RNG (Burnham) from Edge Natural Resources.
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Commercial solar owner and operator Summit Ridge Energy through its joint venture with Osaka Gas USA, acquired 19 community solar projects in Virginia for $250 million.
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Chesapeake Utilities has completed its acquisition of Florida City Gas, which will henceforth act as a wholly-owned subsidiary of the company.
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Rubicon Capital Advisors has hired Justin Snyder as senior director in its New York office where he will focus on advisory opportunities across the North American renewable energy, energy transition and infrastructure sectors.
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UK clean energy investment firm Sustainable Development Capital (SDC) has acquired Volery, a US-based private equity firm focused on energy transition.
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Private investment energy firm X Machina Capital (XMC) will merge its portfolio company Gradient Geothermal with Denver, Colorado-based geothermal company Transitional Energy.
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Renewable power developer Apex Clean Energy has commenced sale of four solar projects to commercial solar owner and operator Summit Ridge Energy.
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German-based energy giant RWE will continue its €55 billion ($60.2 billion) Growing Green initiative – investing in renewable energy, batteries, flexible generation and hydrogen – with an estimated €20 billion ($21.9 billion) to be allocated to future US investments by 2030.
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The Canada Infrastructure Bank (CIB) has launched the Indigenous Equity Initiative (IEI) to support First Nation, Metis and Inuit communities in purchasing equity stakes in CIB-backed infrastructure projects.
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Clean power provider Suntuity Renewables and special purpose acquisition corporation (SPAC) Beard Energy Transition Acquisition (BRD) have mutually agreed to terminate their merger to take Suntuity public.
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Energy provider Genie Energy’s fund manager subsidiary Sunlight Energy Investments has purchased a 12-project solar portfolio from small solar developer local to the Midwest.
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Enel Americas and Enel Perú have signed an agreement with Actis-owned Niagara Energy to sell their Peruvian power generation businesses.
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Capital Power has acquired two contracted combined-cycle US gas generation facilities from Beal Financial Corporation subsidiary CSG Investments.
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International construction, mining and industrial heavy equipment manufacturer Komatsu has agreed to acquire US-based lithium-ion battery developer American Battery Solutions (ABS).
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Innergex has taken complete control of the Pampa Elvira Solar thermal project, following an acquisition from IFU on Friday (17 November).
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Independent power producer NRG’s president and chief executive officer Mauricio Gutierrez has departed the company and resigned from its board, leaving Lawrence Coben in the role for the interim.
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EnfraGen has completed the acquisition of six renewable projects in Central America, with a combined capacity of 188MW, from Celsia.
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Canada-based Enbridge has entered a joint definitive agreement to construct and operate the Fox Squirrel solar project with EDF Renewables.
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French energy company TotalEnergies is to buy three gas-fired power plants in Texas from TexGen for $635 million.
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Volvo Group has won the winning auction bid to acquire the Proterra Powered business and assets of recently bankrupt electric vehicle (EV) battery developer Proterra.
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Suncor is offering C$1.468 billion ($1.5 billion) in unsecured senior notes to fund its acquisition of TotalEnergies Canada.
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Chesapeake Utilities is looking to raise $330 million through a common stock offering to help fund its Florida City Gas acquisition, expected to close in the fourth quarter of 2023.
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Investment firm Denham Capital is launching a renewable energy platform following the sale of the firm’s Rio Energy assets to Equinor.
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NextEra Energy Partners is selling its Texas natural gas pipeline, STX Midstream, to Kinder Morgan for $1.8 billion.
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Eversource Energy is looking to sell its 50% stake in its offshore wind joint venture with Danish energy giant Ørsted, which includes three projects totaling 1.7GW.
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Uranium mining company Cameco Corporation and Brookfield Renewable Energy have closed on the joint acquisition of nuclear services business Westinghouse Electric Company on November 8, 2023.
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Renewables developer and asset owner Madison Energy Infrastructure (MEI) is set to acquire Pro-Tech Energy Solutions.
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Norway’s Equinor has concluded the acquisition of renewables company Rio Energy from investment firm Denham Capital in Brazil.
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Nuclear power plant operator Constellation has completed the $1.75 billion acquisition of its 44% ownership stake in NRG Energy’s South Texas Project Electric Generating Station (STP).
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Canadian power company TransAlta will acquire Heartland Generation and Alberta Power (collectively, Heartland) from an affiliate of Heartland’s parent company, Energy Capital Partners.
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EDP Brasil has agreed to offload a duo of operational transmission projects to Edify Empreendimentos e Participações.
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Brazil’s Equatorial Energia is parting ways with its transmission business Integração Transmissora de Energia (Intesa).
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ExxonMobil has closed on its acquisition of Denbury, a carbon capture and sequestration (CCS) developer also specializing in oil recovery, as of November 2, 2023.
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Point-of-sale finance company Sunlight Financial Holdings has been acquired by a consortium of solar investors, including but not limited to a Greenbacker Capital Management affiliate, Sunstone Credit, IGS Ventures, and its secured lender, Cross River Bank.
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France's Engie has signed an agreement that will see the energy company acquire four wind projects in Peru.
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X-Energy Reactor Company (X-energy) has reached the joint decision with publicly-traded special purpose acquisition company Ares Acquisition Corporation (Ares) to drop their previously announced acquisition, effective October 31, 2023.
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French power generator Engie has agreed to acquire all the shares in a portfolio of solar assets totaling close to 550MW in Brazil.
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Fortune 500 power firm Entergy is to sell its gas distribution business to private infrastructure equity management company Bernhard Capital Partners.
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Hull Street Energy will acquire 48MW California natural gas-fired plant EF Oxnard from an affiliate of Atlantic Power & Utilities.
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Enfinity Global, a renewable energy company, is selling a 40% equity interest minority stake in a 400MW portfolio to Japanese utility Kyushu Electric Power Co.
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Renewables company Ormat will purchase a 150MW portfolio from Enel Green Power North America, a subsidiary of Enel, for $271 million.
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Duke Energy has closed the sale of its unregulated utility-scale commercial renewables business to energy giant Brookfield Renewable, rebranding the sold company as Deriva Energy.
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Enel has concluded the sale of a solar subsidiary in Chile to UK-based energy producer Sonnedix.
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Sumitomo Corporation of the Americas (SCOA) and its parent company Sumitomo Corporation have entered an agreement with private developer Reconciliation Energy Transition Inc (RETI), giving Sumitomo the exclusive right to acquire significant equity interest in the East Calgary Carbon Transportation & Sequestration Project (CTS Hub).
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Nonprofit consumer advocacy organization Public Citizen has called on the Federal Trade Commission (FTC) to investigate whether Blackstone Infrastructure Partner’s (Blackstone) recently approved acquisition of a 19.9% equity stake in Northern Indiana Public Service Company (NIPSCO) vehicle, NIPSCO Holdings II, is legally sound.
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Chevron has agreed to acquire all outstanding shares of global independent energy company Hess in an all-stock deal valued at $53 billion or $171 per share based on Chevron’s closing price on October 20 2023.
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Central Puerto has acquired a solar project in Argentina, adding 117MW of solar capacity to the company’s renewable portfolio.
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Concentric Energy Advisors, a management consulting and financial advisory firm for the North American energy and water industries, is making changes to its c-suite.
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Energy transition private equity firm Hull Street Energy has made a strategic investment in distributed generation solar development company Greenskies Clean Focus.
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Enel Americas is looking to sell its Peruvian power generation businesses, Enel Generación Perú, Enel Generación Piura and Compañía Energética Veracruz.
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Investment firm Northleaf Capital Partners has acquired a controlling stake in EVPassport, an electric vehicle (EV) charging platform.
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Companhia Energética de Minas Gerais (Cemig) has concluded the sale of its shares in a hydroelectric power plant in Brazil.
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French renewable company Voltalia has agreed to sell a 420MW solar project in Brazil to Newave Energia for an undisclosed amount.
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TerraWatt Infrastructure, an EV charging station developer, has purchased two heavy-duty EV charging sites across inland Southern California, an area known as the Inland Empire.
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Battery energy storage systems (BESS) M&A activity in the US continues to steadily increase as nationwide transmission upgrades and interconnectivity queues grow – with deals for the relatively new technology now in the billions of dollars.
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Private equity firm Grey Rock Investment Partners has made a controlling investment in carbon capture and sequestration company CarbonCycle.
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Duke Energy has closed on the sale of its entire distributed generation (DG) portfolio, including the operating assets, development pipeline and O&M portfolio of REC Solar, to Arclight.
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Renewables developer Advanced Power has sold its Oriana Solar project to Sabanci Renewables, a subsidiary of Sabanci Holdings.
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Neoenergia has completed the sale a 50% stake in the company’s transmission assets to a fund of Singaporean institutional investor GIC.
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Renewable energy provider Cordia has acquired three Pittsburgh, Pennsylvania-sited energy systems from Essential Utilities for $165 million.
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Brazilian renewables developer Omega Energia has signed a bidding share exchange agreement with EDF Renewables to swap stakes in renewable assets they co-own.
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Natural gas and wastewater company Essential Utilities has closed on the sale of its entire West Virginia natural gas utility portfolio to Hope Gas.
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New York natural gas supplier EnergyMark has agreed to acquire the assets of its neighbor and competitor Crown Energy Services.
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AES Corporation has agreed to sell minority stakes in its Dominican and Panamanian businesses, adding a new partner in the company’s shareholders.
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Energy and infrastructure investment giant NextEra has agreed to sell Florida City Gas (FCG) to oil and gas company Chesapeake Utilities.
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Cubico Sustainable Investments has acquired a trio of operational renewable projects totaling 121MW in Uruguay.
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Atlanta-based Southern Power, an energy subsidiary of Southern Company, has absorbed the 150MW South Cheyenne Solar Facility from South Korean-owned energy company Qcells USA.
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Wholesale energy provider and Southern Company subsidiary Southern Power has acquired the Millers Branch Solar Facility.
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Miami-based renewables firm Enfinity Global has added 546MW of solar under development to its US portfolio through the acquisition of three solar assets from CS energy.
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EDP, through its subsidiary EDP Brasil, has signed a sale and purchase agreement to sell a coal-fired power plant in Brazil.
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South Korean trading company Samsung C&T has signed a deal to sell 15 solar PV and energy storage systems (ESS) to North American developer Sunraycer.
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Brazilian utility Companhia Energética de Minas Gerais (Cemig) is parting with a portfolio of small hydro assets, offloading them to Mang Participações e Agropecuária.
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Waste-to-energy company Anaergia has moved forward with investment bank Piper Sandler & Co to lead the company in its strategic review.
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Chevron USA has acquired natural gas developer Magnum Development from private equity firm Haddington Ventures.
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Houston, Texas-based Talen Energy Corporation has made steps towards listing its common stock not long after a chapter 11 plan of reorganization and restructuring.
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X-Energy Reactor Company and Ares Management have updated the terms of the nuclear development company’s buyout with the business now valued at $1.05 billion, down from $1.8 billion.
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Vesper Energy, a developer, owner, and operator of utility-scale renewable energy assets has received a commitment from fund manager GCM Grosvenor for up to $100 million.
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Clean power producer, developer, and energy storage company FirstLight Power has finalized its agreement to acquire Hydroméga Services, including ownership interest in five hydropower generating stations in Québec and five in northeastern Ontario.
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Moelis & Company has appointed Jugjeev Duggal as managing director of the firm's newly launched clean technology unit.
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Hull Street Energy affiliate Energy Transition and Environmental Management (ETEM) will shutter and repurpose multiple post-acquisition assets.
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I Squared Capital has sold its electric distribution business the firm owns in Guatemala to Threelands Energy.
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Brazilian utility Eletrobras is offloading the company’s last coal-fired asset it operates in the country.
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Spanish energy giant Repsol is set to acquire US renewable development company ConnectGen for $768 million.
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Igneo Infrastructure Partners has agreed to take a majority equity interest in renewable power producer Soltage.
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Redeux Energy Partners will move forward with the sale of an 11-project, seven-state portfolio with Marathon Capital as its exclusive financial advisor.
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Brazilian utility Copel is in the process of selling the company’s stake in the Araucária power plant located in the state of Paraná.
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Middle-market solar and energy storage company CleanCapital is moving forward with climate tech startup Dock Energy as its official renewables transaction and asset management technology platform.
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Norway’s Statkraft Energías Renováveis has agreed to purchase a duo of operational wind farms totaling 260MW in Brazil.
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Priority Power, the energy management services, procurement and energy infrastructure development firm, has acquired power procurement advisor Atlas Retail Energy (Atlas).
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BayWa r.e. has signed an agreement to acquire a solar distribution company, marking the company’s entry into the Brazilian renewable market.
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Norwegian energy company Equinor has acquired a 25% stake in carbon sequestration site Bayou Bend CCS.
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Greenbacker Renewable Energy Company (Greenbacker) has acquired three solar projects totaling a 12MWdc from OneEnergy Renewables.
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French multinational utility company Engie has agreed to acquire the entire battery storage business of Houston-based Broad Reach Power from EnCap Energy Transition Fund I and co-investors Yorktown Partners, Mercuria Energy and Apollo Infrastructure Funds.
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Distributed solar energy asset owner and operator Spruce Power has acquired a portfolio of residential solar assets located in California, New Jersey, and Massachusetts.
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Celsia has agreed to acquire a wind project in Peru, marking the company’s entry in the Peruvian renewable market.
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The Public Service Company of New Mexico (PNM) has reached an agreement with local legal authorities on the retirement of the San Juan coal plant under the Energy Transition Act.
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Pampa Energía has completed swapping one of the company’s wind farms for stakes in an oil and gas concession.
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American Electric Power (AEP) has completed the sale of its 1,365MW unregulated and contracted renewables business to IRG Acquisition Holdings, a consortium owned by Invenergy, CDPQ, and funds managed by Blackstone Infrastructure.
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On-site industrial energy developer One Energy and SPAC, Tortoise Acquisition Corp. III (TRTL), have entered into a merger agreement to become the publicly listed company One Power Co. The new firm has an enterprise value of $300 million, with common stock valued at $10 per share.
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ArcLight Capital Partners has purchased Sojitz's indirect ownership of Kleen Energy Systems, owner of a 620MW natural gas plant in Middletown, Connecticut. ArcLight now has 100% of Sojitz's preferred equity and minority common equity interest of the natural gas facility.
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Brazilian utility Companhia Energética de Minas Gerais (Cemig) has found a winning bid for hydroelectric assets the company is auctioning.
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Algonquin Power & Utilities (AQN) will pursue the sale of its Renewable Energy Group and commence leadership changes with a new interim chief executive.
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Matrix Renewables, a solar energy and battery storage developer backed by TPG Rise, has acquired a controlling interest in Pleasant Valley Solar project from rPlus Energies.
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TSG Consumer Partners has made a private equity investment in residential solar, battery storage and energy provider Trinity Solar.
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Desjardins Group Pension Plan and DGAM Global Private Infrastructure Fund II have together acquired 37.5% ofCanadian wind farms Cypress 1 & 2 from EDF Renewables.
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Distributed solar company Bright has landed financing to scale its operations in Mexico.
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State-owned utility Companhia Paranaense de Energia (Copel) has launched a R$4.3 billion ($912 million) share offering to privatize the company.
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Corre Energy B.V.'s North America subsidiary has entered an agreement to acquire a 280MW and 4.2GWh energy storage project in West Texas from Contour Energy, a Texas-based battery and storage developer.
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Tennessee Valley Authority (TVA), the largest public power supplier in the US, has acquired 279MW of solar panels from First Solar for its Lawrence County Solar Project located in Alabama.
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Rockland Capital, a private energy investment company, has purchased a natural gas- and oil-fired energy facility in the NYISO market from GenOn Holdings, inc.
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BKV-BPP Power, a joint venture of BKV Corporation and Banpu Power US Corporation, has closed on its acquisition of the Temple II power plant, the company’s second natural gas generation asset.
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Denham Capital has agreed to sell Rio Energy – an onshore renewables company in Brazil – to Equinor.
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Fortescue Future Industries (FFI) has acquired Phoenix Hydrogen Hub, LLC (PHH), the company’s first large-scale US transaction following the Inflation Reduction Act.
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Omega Energia and EDF have signed a memorandum of understanding (MoU) to exchange interests in renewable assets they co-owned in Brazil.
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Brazilian utility Cemig has acquired stakes in four distributed solar generation projects in Brazil from G2 Energia.
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Renewables infrastructure firm True Green Capital Management (TGC) has closed on its majority ownership acquisition of CleanChoice.
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Valia Energía, an Actis-backed power generation company, has completed its acquisition of EVM Energía, adding 850MW of gas-fired assets to its Mexican portfolio.
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EverWind Fuels, Canada-based green hydrogen producer, has acquired three wind farm developments totaling 530MW to power green hydrogen and ammonia projects.
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Enel Chile is offloading a portfolio of solar assets totaling 416MW to Sonnedix.
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Exxon Mobil has agreed to acquire carbon capture developer Denbury in an all-stock transaction valued $4.9 billion or $89.45 per share. Denbury shareholders are to receive 0.84 shares of ExxonMobil for each Denbury share.
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EDP has increased its stakes in EDP Brasil, effectively delisting the company in Brazil.
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Brookfield Renewable’s acquisition of Duke Energy’s renewables business comes amid a slowdown of mega M&A deals for renewables platforms as financing costs continue to run up fast.
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Houston, Texas-based Arroyo Investors, a power and infrastructure-focused investment manager, closed on its acquisition of Mesa Solutions from Dallas-based BP Energy Partners.
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An affiliate of ArcLight Capital Partners has purchased Duke Energy's commercial distributed generation business for $364 million, which includes non-controlling tax credits, with Duke expecting to net $259 million of the proceeds from the sale.
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ESA, clean energy and decarbonization platform, has entered a co-development partnership with Nautilus Solar, which purchased ESA's 270MW solar portfolio in the Great Lakes Region.
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Pampa Energia is parting with one of the company’s wind farms in Argentina for stakes in an oil and gas concession.
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Itaú Unibanco has acquired a minority stake in a gas-fired power complex from Brazilian power generator Eneva.
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Greenbacker Capital Management, a renewables asset manager, has purchased a to-be-constructed 30MW / 120MWh energy storage system from SunCode Energy.
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Avangrid and PNM Resources, an Albuquerque-based energy holding company, have agreed to amend and extend their merger agreement through end of year 2023.
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Iberdrola has signed a binding agreement to sell a large part of its portfolio in the country to the government for $6 billion.
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Brookfield Renewable has agreed with Duke Energy to acquire its unregulated utility scale commercial renewables business at an enterprise value of approximately $2.8 billion, including non-controlling tax equity interests and the assumption of debt.
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Investment fund managers Fiera Infrastructure and Palisade Infrastructure have completed the acquisition of a renewable energy generation and battery storage business from Amp Energy.
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Itaú Unibanco has acquired interests in the Serra do Assuruá wind complex developed by Engie Brasil Energia.
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AES Corporation has acquired the 2GW Bellefield project, the largest solar-plus-storage development in the US, from Avantus.
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AES Andes has signed a sale and purchase agreement to acquire a solar project in Chile.
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Recently formed independent power producer (IPP) Linea Energy has acquired a 490-MWdc solar project from London-based developer Horus Energy.
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Engie Brasil Energia has closed the sale of the company’s last coal-fired power plant in Brazil, making it 100% renewable power generator in the country.
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German developer Blue Elephant Energy continues its expansion in Chile with the acquisition of a portfolio of small-scale solar assets.
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Natural gas company PureWest Energy has merged with a newly formed entity sponsored by a private consortium of family offices and financial institutions (PW Consortium) in a $1.84 billion deal.
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InfraCorp, the infrastructure investment platform of Grupo Romero, has closed the acquisition of the Puerto Bravo gas-fired plant in Peru.
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Ørsted has agreed to acquire Eversource Energy’s 50% interest in the uncontracted federal offshore wind lease, jointly owned by the 2 companies, for $625 million.
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SUSI Partners, the Swiss sustainable energy infrastructure investment manager, has acquired Encore Renewable Energy.
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Scout Clean Energy and Elawan Energy’s joint venture has finalized the sale of its 199MW Persimmon Creek wind farm in western Oklahoma to utility company Evergy for $250 million.
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Northeastern energy giant Agilitas Energy has entered a strategic development partnership with full-service energy provider Oak Square Partners.
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EE North America, the US subsidiary of European Energy, has sold 350MW utility solar project to Osaka Gas USA (OGUSA) .
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BlackRock has acquired a portfolio of distributed solar generation assets in Chile.
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Sequitur Renewables purchased an operating wind farm in the Almont Pass area of California on May 16.
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DIF Capital Partners (DIF) has signed an agreement to acquire a 75% interest in Canadian geothermal energy company Diverso Energy.
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Chile’s Verano Energy is growing its portfolio in Colombia with the acquisition of a trio of solar projects totaling 296MWp of installed capacity.
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LS Power is set to acquire a 2.1GW natural gas generation portfolio from Brazos Electric Power Cooperative in ERCOT.
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Private equity firm Hull Street Energy has agreed to acquire a 100% interest in 2 power plants from Mesquite Generation Holdings – an affiliate of Atlas Holdings.
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NextEra Energy Partners is looking to sell its STX Midstream and Meade natural gas pipeline assets as it focuses on its renewable energy portfolio.
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Colombia’s Celsia has agreed to sell part of its assets in Central America to a subsidiary of renewable developer EnfraGen.
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Renewable energy developer Aspen Power has acquired 10 ground-mounted solar projects in northwest Pennsylvania from Sunrise Energy.
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Renewables infrastructure firm True Green Capital Management (TGC) will acquire a majority ownership in CleanChoice, a direct-to-consumer clean energy provider.
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Copenhagen Infrastructure Partners (CIP) has sold 2 wind farms in Texas to Canadian energy infrastructure company TC Energy.
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Brookfield-backed Quantum has acquired the remaining stake in transmission company Sertaneja.
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Canadian pipeline and energy company Enbridge has agreed to acquire the Aitken Creek natural gas storage facility from FortisBC Holdings Inc for $400 million.
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EE North America – a subsidiary of the Danish renewable energy company European Energy – has bought a majority stake in 2 solar projects with a combined capacity of 700MW in Colorado.
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Toyota Tsusho Corporation has completed its acquisition of an 85% stake in SB Energy, the renewables platform of Japanese multinational SoftBank Group.
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Standard Solar has acquired the Knox Solar and Storage project in Acton, Massachusetts from developer EDF Renewables North America.
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US renewables developer OCI Solar Power, a subsidiary of OCI Energy, has sold a Texas-based 110MW solar PV project to Mitsui.
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Neoenergia has agreed to sell half of its transmission assets to a fund of Singaporean institutional investor GIC.
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Private equity firm Hull Street Energy has agreed to acquire a 100% interest in Sunrise Power from Generation Bridge Acquisition, an affiliate of ArcLight Capital Partners.
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On 4 April 2023, Iberdrola chairman Ignacio Galán sat on a dark green chair embroidered with the Mexican coat of arms, at a large wooden table with Mexican President Andrés Manuel López Obrador and a delegation, to hand over 8.5GW worth of assets — the largest energy deal ever signed in the country.
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Sunergy Renewables said last week (19 April) that it has agreed to go public through a merger with special-purpose acquisition company ESGEN Acquisition.
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Braya Renewable Fuels has unveiled a $300 million preferred equity investment from Energy Capital Partners (ECP), an energy-transition-focused investor in the electricity, clean energy and renewable infra sectors.
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Solar developer ForeFront Power and investment firm HASI have entered a follow-on equity investment agreement for a portfolio of distributed solar and solar-plus-storage projects across California.
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Canada’s Algonquin Power & Utilities Corp. and American Electric Power have pulled the plug on the deal for AEP’s utility subsidiary Kentucky Power and its transmission business AEP Kentucky Transco.
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The Canada Infrastructure Bank (CIB) this week (17 April) reached an agreement to invest around C$100 million ($74.74 million) in Noventa Energy Partners, a renewable energy company that provides services to decarbonize the heating and cooling of buildings.
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Luxembourg steel and mining firm ArcelorMittal’s Brazilian subsidiary will form a JV with Casa dos Ventos, one of Brazil’s largest renewables developers.
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Greenwood Sustainable Infrastructure (GSI), a subsidiary of Libra Group, has acquired the solar and battery development portfolios of Saturn Power.
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Continuum Renewables has said it intends to acquire all of Heliogen’s outstanding shares of common stock for a cash consideration of $0.40 per share.
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Clean power producer FirstLight Power has completed the planned integration of H2O Power, the third-largest provider of hydroelectric power in Ontario.
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Quinbrook Infrastructure Partners has entered the renewable fuels market with the acquisition of New-Hampshire-based biogas company PurposeEnergy.
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Italian energy company Enel’s LatAm subsidiary has reached an agreement to sell its Peruvian businesses to China Southern Power Grid International (CSGI).
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Allete Clean Energy has closed its sale of the 91.6MW Red Barn wind project in Grant County to WEC Energy Group utility, Wisconsin Public Service (WPS), and Madison Gas and Electric Co (MGE).
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Waste-to-energy company Covanta has reached an agreement to acquire Circon Holdings, a portfolio company of Kinderhook Industries.
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The US subsidiary of Thai-listed BCPG has reached an agreement with Franklin Power Holdings to acquire a stake in two natural gas power plants in Pennsylvania.
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Brazilian utility Cia Energetica de Minas Gerais (Cemig) will hold an auction on 10 August 2023 to sell off 41.2MW of operational small hydro power projects.
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Iberdrola has agreed to sell more than 8.5GW of assets it operates in Mexico, in a transaction valued at around $6 billion.
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Ancala Partners today (3 April 2023) said it has acquired a majority interest in Noventa Energy Partners, a renewable energy company that provides services to to decarbonize the heating and cooling of buildings.
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DIF Capital Partners has agreed to acquire a majority equity interest in US-based Green Street Power Partners, a developer, financier, owner and operator of distributed generation solar projects.
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Electricity distributor and hydro developer Luz del Sur has agreed to acquire a pair of solar projects in Peru.
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Equatorial Energia has signed an investment agreement with Itaú Unibanco in the amount of R$2.1 billion ($403 million).
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The Ontario Teachers' Pension Plan Board has agreed to acquire a majority stake in renewable natural gas developer (RNG) Sevana Bioenergy.
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Renewable energy developer Birch Creek Energy has acquired Foundation Solar Partners from Hull Street Energy. Financial terms of the transaction were not disclosed.
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Renewable investor CleanCapital has acquired a portfolio of ten projects with 26.2MW of power capacity in Rhode Island.
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Electricity Generating (EGCO), the power generation arm of the Electricity Generating Authority of Thailand, has completed the acquisition of a 49% interest in Rhode Island State Energy Centre (RISEC) in Johnston, Rhode Island.
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Spearmint Energy has acquired Nomadic, a 900MW portfolio of battery energy storage solutions (BESS) assets in Texas.
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IFM Investors has acquired a majority interest in GreenGasUSA, a South-Carolina-based RNG developer, owner and operator.
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Brazil’s Eletrobras has acquired an additional 22.9% interest in the holding company of the Santo Antonio hydro plant, bringing the company's total ownership to over 95%.
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ACEN, the listed energy platform of the Ayala group, has signed a purchase and sale agreement with GlidePath to acquire a portfolio of eight operating wind projects totaling 136MW in northern Texas.
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Catalyst Power Holdings, a portfolio company of BP Energy Partners, has struck a strategic partnership with JCD Solar Consulting to augment the marketing, aggregation and servicing of community solar projects.
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YPF Luz has announced its intention to purchase all the shares in the thermal generation plant Central Dock Sud from Enel Americas.
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Scale Microgrids has acquired more than 100MW of New York community solar projects in the late stages of development that it will construct, own and operate as it continues its recent expansion.
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Mexico-based solar power producer Cox Energy America has secured 45MW worth of solar PV capacity in a grid allocation tender held by Colombia.
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Marathon Petroleum has acquired a 49.9% interest in emerging RNG producer LF Bioenergy for $50 million.
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Blackstone-backed energy storage and hybrid operator Aypa Power announced today that it has acquired the Yadkins standalone battery energy storage project from East Point Energy.
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Data center provider Odata has acquired a minority stake in a wind project in Brazil for an undisclosed amount.
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German renewables giant RWE has closed its $6.8 billion acquisition of Con Edison Clean Energy Businesses (CEB).
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US renewable gas platform Viridi Energy has acquired a landfill RNG project at the Marathon County Solid Waste Department’s landfill in Ringle, Wisconsin.
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Canada Pension Plan Investment Board (CPP Investments) has agreed to acquire a 49% stake in California-based energy producer Aera Energy from international asset management group IKAV.
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Brazilian solar developer GDSun has acquired a pair of distributed solar generation projects in Brazil.
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Invenergy, CDPQ and Blackstone Infrastructure have teamed up to acquire American Electric Power’s (AEP) 1.37GW unregulated, contracted renewables portfolio at a $1.5 billion enterprise value, including project debt.
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CleanCapital has acquired a portfolio of operational solar assets located in New Jersey.
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Enel Américas – a subsidiary of Enel SpA – has agreed to sell its stake in two Argentinian thermal generation plants to power generation firm Central Puerto.
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Spanish renewables firm Grenergy has sold three PV solar farms in Chile for €41.3 million ($44.2m).
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Investment fund managers Fiera Infrastructure and Palisade Infrastructure have joined forces to acquire a renewable energy generation and battery storage business from Amp Energy.
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Infrastructure investor ArcLight Capital Partners has completed the sale of Great River Hydro to Hydro-Québec for approximately $2 billion.
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Gore Street Energy Storage Fund will acquire Big Rock, a 200MW/400MWh energy storage project in Imperial County, California.
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Altus Power, an independent developer, owner and operator of commercial-scale solar facilities, has closed on a $293 million acquisition of 220MW solar assets.
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enCore Energy Corp has acquired the Alta Mesa in-situ recovery (ISR) uranium project from Energy Fuels for $60 million in cash and a $60 million promissory note.
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Spanish renewables producer Grenergy has acquired the remaining 60% stake in Alabama, Birmingham-based Sofos Harbert Renewable Energy (Sofos Harbert) to bolster its footprint in the US energy market.
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German renewables developer Sowitec will sell three solar development projects in Mexico.
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Energy transition investment firm Denham Capital has acquired New-Jersey-based Solops, a premier developer, financier, owner and operator of photovoltaic solar projects, for an undisclosed sum.
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FirstEnergy Corp. has agreed to sell an additional 30% stake in its transmission unit to an affiliate of investment firm Brookfield Asset Management.
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Vancouver-based Westbridge Renewable Energy has acquired the Red Willow Project, a 295MWp solar photovoltaic and 100MW/200MWh battery energy storage system (BESS).
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BlackRock-owned DSD Renewables has acquired a community solar-plus-storage project in Dartmouth, Massachusetts.
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WEC Energy Group has acquired an 80% ownership interest in the first phase of the Samson Solar Energy Center.
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ArcLight Capital Partners has committed $150 million to a battery energy storage developer which the company founded last year.
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EDP Renováveis has concluded the sale of two operating wind farms in Brazil.
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Brazilian distributed generation company Órigo Energia has landed a R$250 million ($49 million) equity injection.
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Norwegian energy company Statkraft has acquired the company’s first solar and wind projects in Peru.
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Integrated clean energy platform Peregrine Energy Solutions will develop two mid-stage energy storage assets in the Electric Reliability Council of Texas (ERCOT) market.
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A solar and battery development specialist with a private fund and a listed strategy focused on North America is realising the first sales from both strategies.
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US solar and battery storage developer Hecate Energy is looking for buyers for a 3GW standalone battery storage and solar portfolio, PFR has learned.
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Investment fund managers have been rapidly building multi-billion-dollar war chests, and are taking aim at the US power sector.
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Celepsa has acquired the company's first gas-fired power plant in Peru.
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Mega deals in North American power M&A gather pace into 2023 fueling greater overall activity as renewables portfolios are packaged together for the next big sale.
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Ørsted has signed an agreement to acquire Public Service Enterprise Group’s (PSEG) 25% equity stake in Ocean Wind 1, a 1.1GW offshore wind energy project.
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Duke Energy Sustainable Solutions (DESS) has invested in Pike Solar, a new solar power plant being constructed to serve customers of Colorado Springs Utilities.
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An evergreen renewable energy platform with a global strategy has launched with news of its first acquisition – a construction-ready wind farm in Canada – and a keystone investor.
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Cubico Sustainable Investments has agreed to purchase a 1GW solar project in Brazil.
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Vancouver-based Revolve Renewable Power has completed the sale of its 250MW Parker Solar and Storage Project and the 1GW Bouse Solar and Storage Project to Engie.
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Renewables developer Enfinity Global has a 400MW operational utility-scale solar portfolio, a significant step in the company's US expansion.
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ATCO, through its investment in Canadian Utilities, has completed its previously announced acquisition of a renewables portfolio from Suncor Energy for C$730 million ($536m).
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Climate solutions investor Hannon Armstrong has invested in a 1.3GW renewables portfolio owned and operated by AES.
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Continued interest from global energy players drove activity this year with large M&A transactions having a moment in the renewables sector across Latin America. A variety of reasons for the renewed enthusiasm – from foreign sponsors with capital to put to work, political changes ushering in deals, new regulation incentivizing investments – created another competitive year for the M&A market in Latin America. Energy giants, including many European players, led the trend this year with major platforms exchanging hands all around the region.
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Altus Power will acquire 220MW of newly developed and in-construction solar assets from True Green Capital Management in a roughly $293 million deal.
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EQT is set to acquire Madison Energy Investments (MEI) from infrastructure and real assets fund manager Stonepeak Partners.
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Engie Energía Chile has completed the acquisition of a portfolio of wind projects.
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Pampa Energía has acquired a state-owned wind project located in the province of La Rioja in Argentina.
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Independent solar power producer, CVE North America, has acquired a portfolio of solar PV projects in upstate New York from Saturn Power Corporation.
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EDF Renewables North America has signed an agreement with Luminace, a Brookfield Renewable company, for the sale of a 21.6MWdc portfolio of 3 community solar projects.
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Sustainable infrastructure focused private equity firm Green Rock Energy Partners has acquired Pennsylvania-based PSA South Hills Landfill Gas Venture, a RNG production facility.
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Brazil’s competition regulator (CADE) has approved a deal between pharmaceutical company Eurofarma Laboratórios and energy firm Omega Energia 4 related to the 211.5MW Assuruá 4 wind project.
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Enel Chile has completed the sale of the company’s transmission business to Chilean transmission company Grupo Saesa.
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EDP Brazil has completed the sale of its Mascarenhas hydro power plant to a UK-based investment firm.
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Renewable energy developer Longroad Energy has acquired the 98MW DC Titan Solar project from Sunpin Holdings.
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Bleutec Industries – builder, owner and operator of offshore wind turbine installation vessels – has secured a capital commitment from private equity firm EnCap Investments.
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AES Brasil, and its subsidiary AES Operações, have completed the acquisition of a trio of wind farms totaling 460MW.
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Grupo Energía Bogotá (GEB) has completed its acquisition of five transmission lines in Brazil.
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Caliche Development Partners II has received $268 million in capital commitments from Orion Infrastructure Capital and GCM Grosvenor (OIC), targeting underground storage and sequestration assets in North America.
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Activate Renewables, an acquirer of real estate and royalty interests in wind, solar and energy storage, has bought a renewable energy real estate portfolio owned by Alchemy Renewable Energy.
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Bravo Infrastructure Group in partnership with Orion Infrastructure Capital has acquired Radiance Solar, an engineering, procurement, and construction (EPC) contractor in south-eastern US.
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A Brazilian steel manufacturer is partnering with an investment manager on a renewables platform to develop projects in the country.
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Duke Energy Sustainable Solutions has acquired the 100MW Wildflower Solar Project from Clearway Energy Group.
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NextEra Energy Partners – a limited partnership formed by NextEra Energy – has agreed to acquire a 49% equity interest in Emerald Breeze, a roughly 1.5GW renewables portfolio from subsidiaries of NextEra Energy Resources.
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Independent power generator Onward Energy is acquiring the Broad River power generation facility in Gaffney, South Carolina.
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Strata Clean Energy, a provider of utility-scale clean energy projects, has acquired Phoenix-based Crossover Energy Partners, a clean energy solutions company experienced in developing end-to-end energy transition products for utilities and large energy users.
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BlackRock Alternatives, through a fund managed by its diversified infrastructure business, has agreed to acquire Jupiter Power – a leading operator and developer of stand-alone, utility-scale battery energy storage systems (BESS).
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Hull Street Energy has agreed to sell an almost 330MW portfolio of hydroelectric projects spread across the US to LS Power.
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ClearGen, a clean energy investor backed by private equity powerhouse Blackstone, has invested in a portfolio of partnership interests in 25 wind farms totaling 1.4GW of existing generation capacity throughout the US.
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Steel producer Ternium has acquired a greenfield wind project in Argentina.
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North American alternative investment manager Fengate Asset Management has acquired the Prairie Switch Wind Project in Texas from Triple Oak Power and signed a PPA with Meta Platforms.
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Energy company Allete has agreed to sell a more than 100MW wind project in Wisconsin to a pair of publicly owned utilities.
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Private equity giant Carlyle has invested $350 million in Aspen Power Partners as the generation platform embarks on an acquisition spree.
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Allianz Capital Partners has acquired the 147MWdc Galloway 2 Solar Project from Avantus – formerly 8minute Solar Energy.
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GridStor, the developer, owner and operator of battery energy storage systems, has acquired a portfolio of storage projects currently in development in the greater Los Angeles area from Upstream Energy of San Diego.
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A community solar platform based out of Denver, Colorado has launched an equity raise process.
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Boralex has agreed to acquire a 50% stake in a pair of wind projects in New Mexico, totaling almost 300MW, from EDF Renewables.
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Engie North America has acquired a 6GW portfolio of solar and battery storage projects in the US.
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Chilean fund manager Toesca Asset Management has agreed to acquire a large-scale solar project in Chile.
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Oglethorpe Power, a member-owned energy company, has agreed to acquire 2 generating units at Washington County Power, a 4-unit 660MW combustion turbine generation and transmission facility, in Sandersville, Georgia.
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France's TotalEnergies (TTE) and Brazil's Casa dos Ventos (CDV) have entered a joint venture to set up a renewable portfolio of Casa Dos Ventos, Brazil.
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Companhia Siderúrgica Nacional (CSN) has completed the privatization process of Companhia Estadual de Geração de Energia Elétrica (CEEE-G).
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PPL Corporation, the Pennsylvania-headquartered transmission and distribution company, and Belgian transmission operator Elia Group have agreed to develop innovative transmission solutions to integrate future offshore wind capacity with the onshore grid in the New England region.
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Invinity Energy Systems has entered into a sales agreement with Maada'oozh, a wholly-owned subsidiary of Indian Energy, for a 10MWh Invinity VS3 flow battery system to be used in a large-scale solar microgrid project in Southern California.
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US solar developer Innovative Solar Systems (ISS) has put itself up for sale for $150 million.
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The energy company Invenergy has secured a deal to sell a pair of wind projects in Texas and Oklahoma, totaling almost 800MW in generation, to a utility company.
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Israel-headquartered Doral Renewables has struck a deal to secure $500 million in investment from Apollo Global Management and fellow Israeli company, Migdal Insurance.
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Wafra, a global alternative asset manager, has announced the acquisition of a controlling interest in Mission Clean Energy, a utility-scale renewable asset developer.
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Solar power developer Standard Solar is acquiring solar projects with a combined capacity of 6.2MW in Rhode Island from Trina Solar.
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Dominion Energy Virginia has acquired a utility-scale battery project from energy storage developer East Point Energy, a wholly-owned subsidiary of Equinor.
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Renewable energy fund US Solar Fund (USF) is considering a potential sale of the company amid various strategic alternatives to maximize shareholder value.
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Energy giant BP is set to acquire Archaea Energy, a US-based platform that develops, constructs, and operates RNG facilities.
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Swedish developer Eolus has agreed to sell a solar and battery storage project in Arizona.
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Greenbacker Capital Management has purchased a community solar project in Virginia from solar development company Sun Tribe Development.
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ArcLight Capital Partners has agreed to sell its hydroelectric generation platform, Great River Hydro, which owns a portfolio of assets across New England.
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Quinbrook Infrastructure Partners-backed Primergy Solar has closed the sale of a minority stake in a 690MW/1,416MWh solar-plus-storage facility in Nevada, after beginning marketing a stake in the project earlier this year.
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Energy Harbor Corp, an energy company that is partially owned by Nuveen Asset Management and Avenue Capital, has agreed to sell and then deactivate a pair of its coal plants totaling almost 3GW of generation as it looks to decarbonize its asset fleet.
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Advanced Power has closed the sale of its 100% interest in Cutlass Solar II to Sabanci Renewables, a wholly-owned subsidiary of Sabanci Holdings.
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Global Infrastructure Partners (GIP) has completed the acquisition of Atlas Renewable Energy from vendor Actis after the deal came to light in May (2022).
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American Airlines has made a strategic investment in Universal Hydrogen Company, a company building a green hydrogen distribution and logistics network for aviation.
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Editor's Note: This article has been amended since publication to include a statement given by Guzman Energy that was issued after press time.
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Steelmaker Companhia Siderúrgica Nacional (CSN) has closed its acquisition of the Quebra-Queixo hydro plant in Brazil.
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MasTec has completed the previously-announced acquisition of Infrastructure and Energy Alternatives (IEA), one of the largest utility-scale renewable energy infrastructure solutions providers in North America.
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Electric utility Copel, through its subsidiary Copel Geração e Transmissão, is set to acquire a pair of wind farms in Brazil.
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Canadian Utilities has agreed to acquire a Canada-based renewables portfolio from Suncor Energy for $730 million.
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RWE has agreed to acquire US-based Con Edison’s Clean Energy Businesses (CEB).
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Private equity firm Actis has added to its existing position in Brazilian renewable developer Omega Energia.
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Eneva has closed its acquisition of CELSEPAR, the holding company which owns the largest LNG-to-power asset plant in Brazil.
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InfraRed Capital Partners has entered into an agreement to purchase stakes in four wind projects in the US and Canada from Canadian outfit Algonquin Utilities & Power Corp.
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CarVal Investors has purchased an around 70MW portfolio of utility-scale solar projects in Pennsylvania from a solar project developer.
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Engie Energía Chile has agreed a deal to acquire an operational wind project in Chile.
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Canada’s Algonquin Power & Utilities Corp. has agreed to a new transaction price for its acquisition of American Electric Power's (AEP) utility subsidiary Kentucky Power and its transmission business AEP Kentucky Transco.
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The renewables platform of Brookfield Asset Management has splurged on the US renewable energy market with the addition of 2 new renewable platforms to its portfolio.
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Japanese conglomerate ORIX Corporation has invested in a 150MW Texan wind power farm via its US Strategic Solutions group – following up last year’s foray into US wind energy.
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Berkshire Hathaway Energy (BHE) has agreed a deal to purchase an almost 400MW portfolio of wind projects in Montana from an affiliate of Morgan Stanley.
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Capital Dynamics has reached a deal to sell a 400MW operational portfolio of solar projects in US to a Spanish-owned energy platform.
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Equatorial Energia has agreed to acquire Enel Brasil's distribution business Celg-D (Enel Goiás).
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Oil and gas company BP Energy has struck a deal to purchase the remaining 50% stake of a 470 MW wind project in Kansas that the company co-owns with American Electric Power (AEP).
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Cypress Creek Renewables has struck an agreement to sell a 45 MW portfolio of community solar projects in Illinois to Nexamp.
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Greenbacker Renewable Energy Co has purchased a 54 MW wind project in Illinois from a national renewable energy project developer.
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Solar developer Soltage has purchased a 28 MW solar project that is being built on land held by the Cincinnati Zoo in Ohio.
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EDF Renewables has agreed to sell a 50% stake in its Big Beau solar-plus-storage project located in California.
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Matrix Renewables has struck a deal with solar developer SolarStone Partners that will see the two companies collaborate on the development of a 4.6 GW US project pipeline.
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Slate Asset Management has entered into a strategic partnership with a Canadian renewables developer through the purchase of a minority stake in the platform.
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Engie Brasil Energia has signed a share purchase and sale agreement that will see the company let go of its last coal-fired power plant in Brazil.
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Update: This article was edited on Sept.16 to include the identity of the sell-side financial advisor and additional details about the PPAs.
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NextEra Energy has agreed to sell $2 billion worth of equity units to a trio of investment banks.
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Electric vehicle company XL Fleet Corp has purchased rooftop solar developer Spruce Power.
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bp North America has agreed to acquire EDF Energy Services (EDF ES), the power and gas supplier operating in the United States of French energy company EDF.
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WEG Capital, through its WEG-4 fund, has acquired an operational solar project in Chile from a US renewable energy company.
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J-Power USA has entered into an agreement with a Thai infrastructure company to sell a minority stake in a 1,200 MW combined cycle gas-fired plant in Illinois.
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Canada’s Polaris Renewable Energy, previously known as Polaris Infrastructure, has closed its acquisition of an operational hydro project in Ecuador.
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Pathway Power, a newly formed renewable energy and battery storage developer, has landed a strategic investment from a climate-focused infrastructure platform.
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Earthrise Energy has acquired a pair of gas-fired peaker plants in Illinois totaling 984 MW from a subsidiary of ArcLight Capital Partners.
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Osaka Gas USA (OGUSA) has inked an agreement with Summit Ridge Energy (SRE) to develop distributed solar projects in the state of Illinois.
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Origis Energy has purchased a pair of development-stage solar projects totaling almost 150 MW in Florida from Shell New Energies’ Savion.
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UK-based VH Global Sustainable Energy Opportunities (GSEO) has acquired a 198 MW hydro facility in Brazil.
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Cordelio Power and Tenaska have entered into a joint development agreement which will see the two companies co-originate wind projects in the US and Cordelio purchase 1 GW of renewable generation.
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Clearway Energy Group (CEG) has closed its purchase of a 413 MW portfolio of wind projects from a subsidiary of Edison International Co, having agreed a deal earlier this year.
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Revolve Renewable Power has completed the acquisition of Centrica Business Solutions Mexico (CBS Mexico) for a total of MX$29 million ($1.4 million).
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Starwood Energy Group has entered into a $100 million joint venture with a US transmission company to finance and accelerate grid modernization.
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Energy infrastructure company Priority Power has acquired the solar development and energy procurement arm of a power aggregator and broker.
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Longroad Energy has agreed a deal that will see the energy company purchase a 70 MW solar project in California from Sunpin Solar.
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Brazilian power generator Eneva has completed its acquisition of a 327 MW gas-fired CCGT power plant, dubbed TermoFortaleza.
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KKR & Co has led a structured investment, along with GCM Grosvenor, in a California-based renewables developer.
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Australian fund manager New Energy Solar has reached an agreement to sell its 606 MW (DC) portfolio of solar projects in the US to a Goldman Sachs subsidiary.
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Paris-based developer GreenYellow has offloaded a portfolio of solar assets in Brazil to another French renewable power producer.
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New Fortress Energy (NFE) and funds managed by Apollo have formed their previously announced LNG maritime infrastructure JV.
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Consumers Energy is set to close a deal that will see the company purchase a 1,176 MW combined-cycle natural gas-fired project from ArcLight Capital Partners.
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A subsidiary of the utility Xcel Energy has entered into a revised agreement with Allete’s renewables subsidiary to purchase a repowered wind project totaling 120 MW in Minnesota.
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Pivot Energy has closed a deal to purchase a Maryland-based community solar developer.
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A Swiss energy company has entered into an agreement with SMT Energy that will see the European outfit purchase 100 MW of battery storage capacity in Texas.
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CleanCapital has made an equity investment in Renewable Independent Power Producers (Renewable IPP), a solar developer operating in Alaska.
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Pampa Energía has acquired the remaining 50% stake in Greenwind, making the company the sole owner of the platform.
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Talen Energy Supply (TES) has reached an agreement with shareholders to upsize the company’s equity rights agreements by $250 million, triggering a process that will see the platform enter the M&A market.
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Cemig SIM, the renewable arm of Brazilian power company Cemig, has acquired a stake in a portfolio of small solar generation assets.
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Colorado-based developer Scout Clean Energy has sold an almost 200 MW wind project in Oklahoma to Evergy.
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Activate Renewables, a newly-formed renewable energy platform, has purchased a 115 MW portfolio of renewable assets from Ares Management Corp.
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AES Brasil has acquired a trio of wind complexes totaling 456 MW in capacity in Brazil, a transaction valued at R$2.03 billion ($397 million).
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A subsidiary of Exus Management Partners has acquired a solar complex exceeding 1 GW in capacity located in the state of Piauí, Brazil.
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Warburg Pincus has struck a deal to invest $250 million in a subsidiary of Calumet Specialty Product Partners which develops renewable hydrogen projects based in Montana.
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Brazilian distributed generation company Órigo Energia has secured a $85 million equity investment to further expand its solar generation asset portfolio.
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EDP has agreed to sell its stake in Hydro Global, a joint venture between EDP and the China Three Gorges (CTG) group.
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Greenbacker Capital Management has made a strategic growth investment in a Boston-based distributed generation, microgrid, and energy efficiency company.
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Hull Street Energy has made a strategic investment in a newly-formed energy storage company based out of Colorado.
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CenterPoint Energy’s Indiana-based business has requested regulatory approval to purchase a 130 MW solar project in the state from Invenergy.
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Climate Adaptive Infrastructure (CAI) and Meridian Clean Energy have closed on the purchase of a minority stake in an 850 MW peaking plant in California, as part of a partnership between the two companies.
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Sequitur Renewables, an affiliate of ArcLight Capital Partners, has agreed to acquire a 185 MW portfolio of wind projects from GlidePath Power Solutions.
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Longroad Energy, a renewables developer that is a portfolio company of Morrison & Co, has secured a $500 million equity investment from a trio of investors.
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Grupo Energía Bogotá (GEB) has entered an agreement to acquire 100% interests in five transmission concessions in Brazil.
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Black Mountain Energy Storage (BMES) has sold a 700 MW portfolio of standalone battery storage projects to UBS Asset Management, making 1.5 GW of sales for the company in the last two months.
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German renewable developer ABO Wind has sold its Buffalo Plains wind farm located in Alberta, Canada.
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The government of Rio Grande do Sul has found a buyer in the privatization process of the state’s electricity generation company, Companhia Estadual de Geração de Energia Elétrica (CEEE-G).
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Spearmint Energy, a newly-formed energy storage developer, has purchased a 150 MW battery storage project in Texas from a subsidiary of Con Edison Clean Energy Businesses, the company’s first ever asset acquisition.
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Pelion Green Future has agreed to financially partner with a newly formed renewable energy project development company based out of Texas.
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Spruce Power has struck a deal to acquire another developer’s entire portfolio of rooftop solar assets, which totals over 16 MW (DC) of generation.
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CleanCapital has purchased a 36.6 MW solar project in the US territory of Guam from Illinois-based developer GlidePath Power Solutions, its largest single asset acquisition to date.
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Cypress Creek Renewables has purchased a four-project portfolio of standalone energy storage projects totaling 400 MW in Texas from a local developer.
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Invenergy has struck a deal with a subsidiary of American Electric Power (AEP) whereby the company will sell a 204 MW wind project it is developing in Illinois.
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Generate Capital has purchased esVolta, a large-scale battery storage developer, as Generate continues to scale up its renewables operations.
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Buckeye Partners has completed its acquisition of Bear Head Energy, owner of a clean energy development project in Point Tupper, Nova Scotia.
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A fund managed by BlackRock Real Asset Partners has agreed to purchase Vanguard Renewables, a renewable natural gas company that went up for sale earlier this year.
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Cubico Sustainable Investments has bought two wind projects located in Uruguay from construction company Grupo ACS.
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OMERS Infrastructure has agreed to sell Midland Cogeneration Venture, a 1,633 MW combined-cycle heat and power plant, to a pair of institutional investors.
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FGE Power, an Austin, Texas-based renewables developer, has agreed to sell a 531 MW wind project in Texas to a Brazilian energy company.
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Macquarie Asset Management’s Green Investment Group (GIG) has closed an investment in a renewable energy developer in the US.
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Amber Infrastructure has offloaded a utility-scale solar project it developed and owned jointly with Hudson Energy Enterprises to a New York-based renewable developer.
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Terra-Gen has agreed to sell a majority stake in the first phase of its massive solar-plus-storage project, Edwards Sanborn, located in Kern County, California.
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Sempra, through its subsidiary Sempra Infrastructure, has inked a multifaceted heads of agreement (HOA) with ConocoPhillips to develop the Port Arthur LNG terminal in Texas and expand future collaboration.
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Community solar developer Summit Ridge Energy has secured a $175 million investment from funds managed by Apollo.
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A buyer has been found for East Point Energy, a battery storage platform which was put on the market this February.
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Partners Group has acquired a majority equity stake in Energy-as-a-Service (EaaS) provider Budderfly and committed growth capital totaling more than $500 million in the company.
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The state government of Rio Grande do Sul has launched a fresh attempt to privatize the state’s electricity generation company after failing to attract bids earlier in the year.
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California-based Zeem Solutions, an EV “fleet-as-a-service” provider, has received a $50 million investment from a fund managed by ArcLight Capital Partners.
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Broad Reach Power has entered into a services agreement with an energy technology and infrastructure company for its data center in Texas.
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Scottish outfit Renewco Power has closed on a deal to purchase 1.5 GW of utility-scale solar projects and 500 MW of battery storage from a Virginia-based developer.
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A buyer has been found for a 1.2 GW contracted portfolio of solar projects that a KKR & Co subsidiary put up on the market earlier this year.
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Clearway Energy Group (CEG) has agreed to purchase a 413 MW portfolio of wind projects from a subsidiary of the public utility Edison International Co.
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Latin American asset manager Patria Investments has completed its acquisition of nine run-of-river hydro assets from ContourGlobal.
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Intersect Power has landed a $750 million growth equity investment from TPG’s investment platform, TPG Rise, and a consortium of new and existing investors.
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Cemig’s renewable arm Cemig SIM has agreed to acquire a 16.2 MW solar portfolio in Brazil.
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EIG Partners is launching a renewable energy platform in Chile through the merger of EIG-owned Cerro Dominador and recently acquired ANPAC Energia.
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CleanCapital has acquired landfill and brownfield renewable developer BQ Energy (BQE).
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The AES Corporation has purchased a wind project located in Mississippi from Danish manufacturer and developer Vestas.
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Actis is to acquire a 10% stake in Brazilian renewables developer Omega Energia, with a potential primary investment of up to R$850 million ($162 million) to follow.
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Renewables financial advisory firm Marathon Capital has entered into an agreement with Japanese bank SMBC that will see the bank purchase a minority stake in the outfit.
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Summit Power has agreed to sell the White Creek Wind I project to Excelsior Energy Capital.
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Schneider Electric has acquired California-based electric vehicle charging company EV Connect for an undisclosed sum.
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EDF Renewables North America has agreed to sell a 200 MW solar project in Missouri to a subsidiary of Ameren Corp.
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Independent power producer Calpine Corp has received an investment from Energy Capital Partners (ECP) and a consortium of investors.
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Pivot Energy has entered into a partnership with a self-storage company to develop a portfolio of solar projects spread across the US.
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Generate Capital has made a strategic investment totaling $500 million into the utility-scale solar and energy storage developer Pine Gate Renewables.
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LS Power has struck a deal to purchase an 835 MW gas-fired peaker plant in Ohio from ArcLight Capital Partners.
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Fortistar has entered into an agreement to sell a 55 MW peaker plant in New York state to a Canadian blockchain tech company which focuses on cryptocurrency mining.
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AES Corp and three other solar renewables developers have decided to form a consortium to drive the expansion of domestic solar panel manufacturing.
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Recurrent Energy, a wholly owned subsidiary of Canadian Solar, has purchased a pair of standalone battery storage projects in Texas totaling 400 MWh.
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EIG has entered into a memorandum of understanding (MoU) with Aramco that will see the two companies collaborate on energy projects moving forward.
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Leyline Renewable Capital has entered into a partnership with Solterra Energy for the development of the company’s 1 GW distributed generation and utility-scale solar fleet.
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A pair of Texas-based energy companies have launched a sale process for a 600 MW portfolio of standalone battery energy storage systems that are located in the ERCOT market.
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US electric vehicle (EV) company Blink Charging is set to acquire EV charging infrastructure solution business SemaConnect for $200 million.
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A pair of buyers have agreed to purchase minority stakes in a 723 MW combined-cycle gas-fired facility in Wisconsin that is supported by a 4 MW solar array from Alliant Energy.
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Renewables developer Longroad Energy has made a strategic investment in a California-based distributed generation platform.
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Trafigura Group has invested in a Boston, Massachusetts-based energy storage solutions company.
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Atlas Renewable Energy has acquired a wind project from French energy producer Voltalia, the developer's first wind project in Brazil.
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Brazilian power holding Grupo Energisa has completed its acquisition of transmission company Gemini Energy.
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Innergex has closed its acquisition of Aela Energía, adding 332 MW of wind capacity to the Canadian developer’s renewables portfolio in Chile.
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Spain’s Repsol has agreed to sell a minority stake in its renewable subsidiary to Crédit Agricole Assurances and Energy Infrastructure Partners (EIP).
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ForeFront Power, a developer and asset manager for commercial and industrial-scale solar and energy storage projects, has partnered with an equity investor for a portfolio of projects the outfit is developing across 10 states.
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Savion has closed its sale of a 200 MW solar project in Ohio, the first project the solar developer has offloaded since it was bought by Shell New Energies.
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A solar and distributed energy storage developer based out of Wakefield, Massachusetts, has landed a $350 million equity investment from funds managed by CarVal Investors.
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The US subsidiary of Japanese energy company JERA Co has agreed to purchase an over 1.6 GW portfolio of operational dual-fuel peaking plants in Massachusetts and Maine from a Stonepeak Infrastructure Partners fund.
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Sempra has closed the sale of a minority stake in its subsidiary Sempra Infrastructure Partners.
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SPIC Brasil, a subsidiary of State Power Investment Corporation of China, is stretching the scope of its activities with its first solar investment in Brazil.
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Greenbacker Capital Management has made an equity investment in a financing and asset aggregation platform for commercial and industrial solar projects in the US.
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Arroyo Energy has agreed to sell a pair of combined cycle plants in Maryland and South Carolina totaling 1,080 MW to a JP Morgan Asset Management-owned energy company.
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Brazilian power generator Eneva is to purchase the 1.6 GW Porto de Sergipe I CCGT plant, the country’s largest LNG-to-power asset.
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FirstEnergy Corp has closed the sale of a minority stake in its transmission business to Brookfield Infrastructure Partners after the two companies reached an agreement for the platform last November.
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ReVolve Renewable Energy has signed a definitive agreement to acquire distributed generation company Centrica Business Solutions Mexico (CBS Mexico), a subsidiary of UK energy services and solutions group Centrica.
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Borrego, a solar and energy storage developer and EPC provider has agreed to spin off and sell the company’s development business, including its almost 15 GW portfolio of solar and energy storage assets spread across the US.
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French asset manager Vauban Infrastructure Partners has closed its acquisition of a portfolio of district energy and heating projects from DCO Energy and Basalt Infrastructure Partners.
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French energy company TotalEnergies has agreed to purchase a 50% stake in renewables developer Clearway Energy Group for $1.6 billion and a minority stake in SunPower Corp.
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Canadian developer BluEarth Renewables has purchased a 1 GW combined solar and wind project in Colorado from NorthRenew Energy.
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Blackstone Credit, the asset management wing of Blackstone, has agreed to purchase a minority stake in an LNG facility's holding company in Georgia from EIG.
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After more than two years in the process, Stoneway Capital Corporation closed a restructuring deal under Chapter 11 and CBCA plans, which went effective May 17.
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HIG Capital has closed its purchase of private equity firm Lindsay Goldberg’s paper-producing subsidiary, including the company’s 433 MW portfolio of thermal plants that are located in Pennsylvania, Ohio, Maine and Wisconsin.
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A joint venture between Captona and South Jersey Industries (SJI), has purchased a solar-plus-storage facility in Massachusetts, marking the JV’s fourth acquisition since its founding.
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KKR & Co-owned Cretaceous Bidco is set to acquire London-based electricity generation company ContourGlobal.
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Axium Infrastructure has acquired Boston-based solar and energy storage developer BlueWave.
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Infrastructure Investments Fund (IIF) has acquired the country's largest privately owned gas storage company, Enstor Gas, from ArcLight Capital Partners.
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Equatorial Energia has sold its interest in the 332 MW Geramar oil-fired plant in Maranhão, marking the company’s final exit from thermal generation.
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The US Department of the Interior has announced the winners in the Carolina Long Bay wind energy auction which attracted bids totalling $315 million.
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Partners Group has found a buyer for its minority stake in an 850 MW contracted gas-fired peaking power plant in California after launching a sale process last year.
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Mitsubishi HC Capital, through its US subsidiary MIUSA Corp, has acquired a 49% stake in a Massachusetts-based distributed solar project from Excelsior Energy Capital.
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Greenbacker Renewable Energy has acquired a 55 MW wind farm located in the state of New York.
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Greenbacker Renewable Energy has purchased three utility-scale solar projects in New York state totaling 50 MW from Hecate Energy.
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Galp has agreed to purchase 4.8 GW of wind and solar projects across Brazil, doubling the capacity of its global renewable portfolio.
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Takkion, a portfolio company of fund manager Apollo Global Management, has acquired operations and maintenance (O&M) firm Harvest Energy Services, which is based in Colorado.
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Caisse de dépôt et placement du Québec (CDPQ) has agreed to purchase Terna’s transmission portfolio, which is spread between Brazil, Peru and Uruguay.
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Tyr Energy has entered into an agreement to sell a 236.5 MW dual-fuel combined cycle power plant in Wisconsin to a subsidiary of WEC Group.
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AC Energy (ACEN), a Philippines-based developer, has entered a partnership to repower wind farms in the United States, thus marking its entry into the US renewable energy market.
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Indicative bids are being taken for the platform sale of a waste-to-energy and renewable natural gas developer based out of Boston, Massachusetts.
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Generate Capital, a San Francisco-based renewables firm, has inked a deal to purchase three battery storage projects in California from esVolta.
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French energy company TotalEnergies has acquired Austin-based Core Solar for an undisclosed amount.
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Broad Reach Power has purchased over 900 MWh of battery storage systems from a renewable solutions firm for the developer’s projects in Texas.
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Tech company Amazon has procured 3.2 GW worth of renewable energy generation in the US to support the company’s operations in the country.
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Allete has closed its acquisition of distributed solar developer and finance company New Energy Equity (NEE) after agreeing to purchase the platform for $165.5 million in March.
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Dutch energy company Vitol has agreed to buy three wind farms totaling 244.4 MW from a BlackRock-managed fund for an undisclosed sum.
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Tesla has entered into a joint venture with a Puerto Rican private equity firm to form a new subsidiary, Tesla Climate Capital.
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Hydrogene de France (HDF) has acquired a 70% stake in an industrial-scale green hydrogen project being developed by Kenesjay Green Ltd (KGL) in Trinidad and Tobago.
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Ørsted has agreed to buy a 121 MW wind farm from Ford Ridge Wind Equity Holdings which is owned by asset manager Ares Management.
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A subsidiary of KKR & Co has opened a sale process for a 1.2 GW operational portfolio of solar projects that the outfit owns and operates in the US.
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Matrix Renewables has purchased a solar project and solar-plus-storage project in California from Recurrent Energy, the US subsidiary of Canadian Solar.
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Sempra Infrastructure has signed a memorandum of understanding with Korea Gas Corp to explore collaborative efforts across a number of energy sectors.
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HIG Capital, an alternative investment firm, has agreed to purchase a paper producing portfolio company of Lindsay Goldberg, including the outfit’s 433 MW portfolio of thermal plants spread across Pennsylvania, Ohio, Maine and Wisconsin.
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FirstLight Power has entered into a partnership with Borrego to develop distributed generation solar and energy storage projects at the company’s hydro facilities in Connecticut and Massachusetts.
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The Spanish gas company Enagas and Canadian pension fund OMERS Infrastructure have agreed to sell their 80% stake in the Chilean gas terminal GNL Quintero (GNLQ).
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UK-based Nala Renewables has expanded its battery storage fleet in the US after entering into an agreement with power and infrastructure developer Rhynland Energy.
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SK Group’s, SK E&S, has closed on its purchase of a California-based electric vehicle infrastructure company.
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A fund manager listed on Australia’s stock exchange has begun a sale process to offload the company’s more than 600 MW (DC) US solar portfolio.
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Hanwha Solutions, the parent company of Hanwha Q Cells, has entered into an agreement to purchase a stake in a solar manufacturer, making it the largest shareholder of the company.
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Hull Street Energy has struck a deal to acquire the remaining share of a 240 MW gas-fired cogeneration plant in California, after purchasing a majority stake in the plant from BlackRock last year.
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A Singaporean investment management group has partnered with Hartree Partners to form a solar joint venture in the US.
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Azimuth Renewables has sold a late-stage 300 MW solar portfolio in the MISO market to a Los Angeles-based utility-scale solar platform.
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Maxeon Solar Technologies entered an agreement to supply about 400 MW of solar panels to the developer Origis Energy.
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Tyr Energy has established a standalone renewable energy development platform which will focus on the greenfield development of utility-scale solar projects.
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AES Brasil has won the auction to acquire a 305 MW wind portfolio in Rio Grande do Norte, having emerged as a stalking horse bidder for the asset last January.
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French infrastructure fund STOA is poised to take a 33% stake in Voltalia’s Serra do Mel (SSM1&2) solar complex in Rio Grande do Norte.
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Apollo Global Management has closed the sale of its 25% interest in a 1,050 MW combined-cycle gas-fired power plant in Pennsylvania.
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AES Brasil has closed its joint venture with local food company BRF to develop a 165.3 MW wind farm in Rio Grande do Norte.
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Energy firm Celsia and local bank Bancolombia have partnered to create a new investment platform to develop solar assets for businesses in Colombia.
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8 Rivers Capital, a Durham, North Carolina-based sustainable infrastructure firm, has secured a $100 million investment from South Korea’s SK Group.
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Tenaska Energy has closed on its purchase of a majority stake in an 845 MW combined-cycle gas-fired plant in Texas that was put up for sale last April.
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Ares Management Corp has led an up to $600 million equity investment in SoftBank Group’s US renewables platform, SB Energy, and has also committed $200 million in preferred equity to BlackRock-owned solar platform DSD Renewables.
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Brazilian utility Eneva expects to close its acquisition of power holding firm Focus Energia on March 11.
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BlackRock Real Assets’ portfolio company DSD Renewables has bought three rooftop solar projects in New Jersey and Connecticut from Dynamic Energy, and plans to buy three more in Massachusetts and Virginia later this year.
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A UK-listed fund has agreed to purchase a portfolio of battery storage projects in Texas from an SER Capital Partners portfolio company.
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AltaGas has struck a deal to sell a 70 MW combined-cycle gas-fired power plant in Colorado to a family trust.
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Omega Energia is planning to take full control of the Assuruá renewables complex in Bahia, Brazil.
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Brazilian power regulator Aneel has approved the draft concession contract for the 1,676 MW Foz do Areia hydro project, which is due to be privatized.
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Southwest Gas Holdings is planning to separate its wholly-owned subsidiary Centuri Group from the company.
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Scale Microgrid Solutions (SMS) has bought a trio of community solar projects in upstate New York from Nexus Renewables, representing the first phase of a larger $100 million deal between the two firms.
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Equatorial Energia has completed its acquisition of Actis-owned renewables platform Echoenergia Participações.
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Ares Management Corp has led an up to $600 million equity investment in SoftBank Group’s US renewables platform, SB Energy.
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Colombian business regulator Superintendencia de Sociedades de Colombia has approved the planned merger of Enel’s Colombian subsidiaries.
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Vibra Energia – the Brazilian fuels distributor previously known as BR Distribuidora – plans to exercise a purchase option to acquire a controlling stake in power trader Comerc.
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Colorado-based solar and energy storage developer Bear Peak Power has bought another solar sponsor that is also based in the state.
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After securing a stalking horse bid from Rockland Capital for a pair of gas-fired peaking power plants in Texas, sponsor Agilon Energy has elected to sell the assets to another buyer instead.
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BlackRock-owned solar platform DSD Renewables has raised about $200 million in preferred equity from Ares Management Corp to fuel strategic growth opportunities.
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A BlackRock-owned fund has sold its entire stake in an operational 150 MW solar project in Minnesota to Greenbacker Renewable Energy.
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Allete has agreed to acquire distributed solar developer and finance company New Energy Equity (NEE) for $165.5 million, subject to working capital adjustments.
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Missouri-based coal producer Peabody Energy has launched a renewables development platform called R3 Renewables through which it plans to develop and acquire 3.3 GW of solar and 1.6 GW of energy storage capacity over the next five years.
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Greenbacker Renewable Energy has purchased a portfolio of development-stage solar and energy storage projects spread across New York, Illinois and Maine from Borrego.
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Blackstone portfolio company Aypa Power has agreed to acquire a 100 MW standalone energy storage project in Virginia.
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American Electric Power (AEP) has announced plans to offload its roughly 1.6 GW portfolio of unregulated renewable energy projects.
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German utility EnBW, which partnered with French oil and gas company TotalEnergies on one of the winning bids in last week's New York Bight offshore wind lease sale, has decided to sell its interest in the concession to its partner.
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Spanish development fund COFIDES has agreed to invest equity in transmission concessionaire Energía de Colombia.
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The provisional winners of the Bureau of Ocean Energy Management’s (BOEM’s) New York Bight offshore wind auction have been revealed, concluding the highest-grossing competitive offshore wind area lease sale in US history.
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JP Morgan’s Infrastructure Investments Fund (IIF) has inked a deal to acquire South Jersey Industries (SJI) in a deal valued at $8.1 billion.
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Germany's BayWa r.e. has sold a 200 MW solar project and a 200 MW/400 MWh battery storage asset in Texas to the US subsidiary of another European energy company.
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ArcLight Capital Partners has closed its acquisition of a portfolio of thermal assets in Connecticut and New York from Public Service Enterprise Group (PSEG), after putting in place acquisition financing.
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Brazilian power holding company Grupo Energisa is set to acquire Gemini Energy, which owns stakes in three transmission concessions.
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Acciona Energía is entering the Peruvian market with the purchase of a 131.1 MW wind farm in the Ica region.
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Innergex has completed a bought deal equity offering and a concurrent private placement to fund its purchase of a Chilean wind platform.
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Standard Solar has acquired a small-scale solar-plus-storage project in Massachusetts from EDF Renewables North America.
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French energy firm Rubis has agreed to buy a 51% stake in the Renewstable Barbados hydrogen power project.
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Macquarie Asset Management and Ontario Teacher’s Pension Plan (OTPP) have clinched their purchase of a minority stake in a Washington-based electric utility from the Canadian Pension Plan Investment Board (CPPIB).
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Latham & Watkins has brought in a senior partner from White & Case as it continues to grow its M&A and private equity practices in New York.
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Details have emerged on the acquisition financing that ArcLight Capital Partners slotted into place to finance its purchase of a 4.8 GW portfolio of thermal assets in New Jersey and Maryland.
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Public Service Enterprise Group (PSEG) has completed the sale of a portion of its 6.75 GW fossil fuel fleet to a subsidiary of ArcLight Capital Partners.
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Invenergy has struck a deal to sell a 150 MW solar project in Illinois to Ameren Corp's Missouri-based subsidiary.
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Dominion Energy has inked a deal to buy a 200 MW solar project in Ohio from Savion, Shell New Energies’ newly purchased solar platform.
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Silicon Ranch Corp has closed its $775 million corporate equity raise after securing regulatory approvals for the transaction.
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Despite it being hardly two months into the new year, the M&A market for power and renewables is already heating up with a seemingly endless stream of project and platform sale launches. But despite the buzz around renewables, deal watchers say there is still a “bullish” buyer base that believes in the medium-term viability of gas-fired projects over the next two decades.
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The Brazilian state of Rio Grande do Sul has postpone an auction for its electricity generation company, CEEE-G, which was slated to be held on February 15.
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Ullico has struck a deal to acquire regulated gas distribution company Hope Gas (also known as Dominion Energy West Virginia) for $690 million.
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UK-based renewables investor Susgen has fully divested from solar and energy storage developer Urban Grid after agreeing to sell the platform to Brookfield Renewable earlier this year.
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CleanCapital has purchased a more than 65 MW portfolio of distributed solar assets spread across 12 US states.
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Montreal-based Boralex has agreed to sell a 34.5 MW biomass plant in Québec, signaling the company’s exit from the biomass generation sector.
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Norwegian renewables developer Aker Offshore Wind has found a buyer for a portion of its 47% stake in Californian floating offshore wind platform designer Principle Power.
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TotalEnergies has established a strategic partnership with Grupo Martí to develop energy transition projects in the Dominican Republic.
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Brookfield Asset Management is toying with the idea of spinning off its $70-100 billion asset management business.
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Spain's Acciona Energía has bought a 350 MW solar project in Texas from Avondale Solar.
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French oil and gas company TotalEnergies has expanded its reach in the US with a deal to buy SunPower’s commercial and industrial solutions business.
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Fengate Asset Management and Ironclad Energy Ventures have formed a joint venture to acquire and operate cogeneration, district energy and other industrial generation projects across the US and Canada.
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Portugal's EDP has completed its acquisition of CELG-T, a Brazilian transmission company that operates in the state of Goiás.
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An investment bank has been tapped to explore a sale process for a US distributed solar developer that is backed by a Japanese investor.
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JP Morgan has launched a sale process for a wind farm in Texas that is the subject of litigation proceedings over its force majeure claim during winter storm Uri.
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A Colorado-based renewables project developer has kicked off an equity raise to support the development of a portfolio of battery storage projects in ERCOT.
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Shell has signed a joint venture agreement with steel producer Gerdau to develop a 260 MWp solar park in Minas Gerais.
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MPC Energy Solutions has completed its acquisition of the 15.8 MW (DC) Los Santos Solar I project in Mexico, marking its first renewables purchase in the country.
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Standard Solar has acquired a roughly 7 MW community solar project in Trenton, Maine.
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Greenbacker Renewable Energy has bought a 20 MW (DC) portfolio of solar projects in Washington state.
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Second round bids are due soon for a Boston, Massachusetts-based distributed generation solar and energy storage platform.
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Innergex has inked a deal to purchase a platform of newly-built wind projects in Chile, which would make it one of the largest renewables-focused independent power producers in the country.
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Sonnedix has acquired a 9 MW solar plant in Chile – the latest in a string of such acquisitions within the country.
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Axium Infrastructure has secured financing for its acquisition of a 49% stake in a roughly 1.4 GW portfolio of wind and solar projects in the US.
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San Francisco-based Lacuna Sustainable Investments has invested equity in a solar and energy storage developer headquartered in Denver, Colorado.
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CCE Holding is supporting its acquisition of a solar project in Chile and another in Italy with a financing package provided by Germany's Berenberg Bank.
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Argo Energia Empreendimentos e Participações (Argo) has closed its acquisition of an electricity transmission platform in Brazil.
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An auction process is underway for a solar distributed generation platform headquartered in New York.
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A Florida-based commercial and industrial solar developer is seeking offers for a controlling equity stake in the platform and is open to structuring the investment in a variety of ways.
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A Californian renewables developer is seeking equity and debt financing for a massive solar-plus-storage project that it is developing in Nevada.
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Greenbacker Renewable Energy has acquired a 16.3 MW (DC) portfolio of operational rooftop solar projects in Massachusetts from a pair of sellers.
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BlackRock’s DSD Renewables has bought a portfolio of community and commercial- and industrial-scale solar-plus-storage projects in Southeastern Massachusetts.
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A pair of investment banks is preparing to kick off an auction process for a solar and energy storage developer soon.
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A sale process for a standalone battery storage developer is underway.
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Migdal Insurance has agreed to purchase a 22.5% stake in a 300 MW solar project in Northwestern Indiana.
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Nautilus Solar Energy has bought a portfolio of distributed solar projects in Minnesota from Sunrise Energy Ventures (SEV).
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Washington, DC-based Sol Systems has acquired a 540 MW (DC) solar portfolio in Southeastern Illinois from Arevon Energy.
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Canadian renewables developer Innergex has bought a 50.6 MW solar project in northern Chile.
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A subsidiary of Brazil’s Grupo Energisa has agreed to buy a portfolio of distributed solar generation assets in Minas Gerais.
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AES Corp has emerged as the stalking horse bidder for a 305 MW portfolio of wind farms owned by Renova Energia in Brazil.
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A sale process has kicked off for a Connecticut-based solar platform that is partially owned by JLC Infrastructure, the infrastructure firm that is backed by former Los Angeles Lakers star Earvin “Magic” Johnson.
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Greenbacker Renewable Energy has bought a contracted development-stage solar project in Vermont from local solar developer Encore Renewable Energy.
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NextEra Energy Resources has struck a deal to sell a 62.4 MW wind project in North Dakota to a Minnesota-based utility.
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Brazil's Equatorial Energia has announced a follow-on share offering, with plans to use the proceeds to fund its purchase of Actis-owned renewables developer Echoenergia Participações.
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Brookfield Renewable has bought utility-scale solar and energy storage developer Urban Grid and its pipeline of development-stage projects for $650 million.
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A Virginia-based energy company has wrapped acquisition financing for a portfolio of peaking power plants in Illinois.
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Greenbacker Capital Management has entered the floating solar market with an equity investment in a Californian solar developer that has projects in the US and Latin America.
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NV Energy has received regulatory approval to acquire two solar-plus-storage projects in Nevada from Quinbrook Infrastructure Partners portfolio company Primergy as part of a build-transfer deal.
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Canadian real estate company Colliers has acquired a 75% stake in infrastructure investment manager Basalt Infrastructure Partners.
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A Canadian renewable energy company has emerged as the buyer of a nearly 1 GW solar project pipeline that SunEast Renewables first started to assemble and market in 2020.
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ContourGlobal has found a buyer for its Brazilian hydro business, which includes nine run-of-river hydro power plants totaling 168 MW of capacity.
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OMERS Infrastructure has closed its acquisition of Ares Management Corp-backed distributed generation solar developer Navisun.
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Power Finance & Risk is pleased to announce that nominations are now open for its 19th Annual Deals and Firms of the Year Awards.
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Sonnedix has completed its acquisition of the 8.6 MW Santa Lucia solar project in Chile – its second purchase in the country in as many months.
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BlackRock Real Assets' solar platform DSD Renewables has bought a pair of projects in Maine from a local distributed generation solar developer.
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Copenhagen Infrastructure Partners (CIP) is establishing a joint venture with two Austrian energy companies to develop a major green hydrogen project in Chile.
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Greenbacker Capital Management has invested $20 million of equity in a standalone battery storage developer based in Virginia.
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French infrastructure fund STOA has acquired a minority interest in Poseidon Energia Renovable, the sponsor of the Los Guzmancito wind farm in the Dominican Republic.
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Brazilian transmission line operator Quantum has used its preference rights to acquire the remaining 50% stakes in two transmission projects.
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Global Infrastructure Partners (GIP) has closed a $500 million investment in renewables-focused independent power producer BrightNight.
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AES Corp – through its Chilean subsidiary Inversiones Cachagua – is paying $517 million to increase its ownership stake in AES Andes.
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True Green Capital Management has sold an operational community solar project in Idaho to Standard Solar.
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Avangrid Renewables and Copenhagen Infrastructure Partners (CIP) have completed the restructuring of their 50:50 Vineyard Wind joint venture and promoted a pair of senior staffers to support the JV.
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BlackRock has agreed to buy a minority stake in a 945 MW gas-fired plant in Georgia from a subsidiary of Mitsubishi Corp Americas.
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The Brazilian state of Rio Grande do Sul is planning a concession for the construction of a wind farm on the Laguna dos Patos – the largest coastal lagoon in South America.
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French asset manager Vauban Infrastructure Partners has agreed to acquire a portfolio of district heating and cooling systems from a Basalt Infrastructure fund and DCO Energy.
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Invenergy has secured a $3 billion equity investment from Blackstone to accelerate its renewables development activities.
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Nashville-based utility-scale solar developer Silicon Ranch Corp has raised $775 million of fresh equity capital.
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Colombian utility Air-e has received interest from 22 companies for its first private power auction in the country.
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Itau Unibanco has announced plans to increase its stake in AES Brasil-owned wind and solar power company Guaimbe Solar.
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The Chilean Ministry of National Assets (MBN) has launched a dozen tenders for the construction of solar projects across the country.
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A buyer has emerged for a majority stake in a combined-cycle gas-fired power plant in Texas that was put up for sale last April.
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Canadian Solar subsidiary Recurrent Energy has signed a build-transfer deal with a utility company for a 150 MW solar project in Virginia.
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A Houston-based private equity firm has emerged as the stalking horse bidder for a pair of gas-fired peaking power plants in Texas.
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Private equity firm Hull Street Energy has closed its acquisition of a simple-cycle dual-fuel peaking plant in Connecticut from an electricity cooperative.
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Blackstone portfolio company Aypa Power has struck a deal to acquire a standalone battery storage asset in California.
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The state government of Rio Grande do Sul has completed its sale of a 51% stake in state gas company Sulgas, marking the privatization of the distributor.
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Quinbrook Infrastructure Partners portfolio company Scout Clean Energy has bought a utility-scale solar project in Illinois.
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PNM, the New Mexico utility subsidiary of PNM Resources, has filed a notice of appeal with the New Mexico Supreme Court after the utility’s application to divest its interest in the Four Corners coal-fired power plant was denied by the New Mexico Public Regulation Commission (NMPRC).
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Scout Clean Energy, a Quinbrook Infrastructure Partners portfolio company, has closed on a deal to acquire a solar project in Missouri from Azimuth Renewables.
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A Global Infrastructure Partners (GIP) portfolio company, Eolian, has purchased the outstanding shares in a standalone battery storage development portfolio that it previously developed with Able Grid Energy Solutions.
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Doral Renewables, a US renewables platform owned by Israeli energy company Doral, has purchased a solar project in Georgia from Avangrid.
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Greencoat Capital, a UK-based renewables investor that launched its US operations earlier this year, has agreed to sell a majority stake in its platform to a British asset management company.
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Starwood Energy Group has agreed to purchase an outstanding 40% share in a 262 MW coal-fired plant it co-owns with Atlantic Power.
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Apollo Global Management has agreed to sell its 25% stake in a 1,050 MW combined-cycle gas-fired power plant in Pennsylvania to a South Korean energy company.
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Canadian private equity company Fiera Infrastructure has purchased I Squared Capital’s landfill gas-to-energy platform.
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Utility-scale solar developer Geenex Solar has secured additional financing from New Energy Capital (NEC) to supplement a deal from 2019.
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Goldman Sachs Asset Management’s Renewable Power Group has agreed to purchase a 70 MW portfolio of distributed solar assets in Maine.
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South Korean investor SK E&S has closed on its purchase of equity in LS Power’s newly formed renewable energy platform, Rev Renewables.
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Standard Solar has purchased a 10 MW three-project portfolio of community solar projects in Oregon from an undisclosed seller.
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A winning bidder has emerged for a Macquarie Capital’s solar and energy storage development platform, Savion.
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The Canadian Pension Plan Investment Board (CPP Investments) has made a $300 million equity investment in a renewable energy retail company.
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DIF Capital Partners has completed its acquisition of Bernhard, the largest privately-owned Energy-as-a-Service (EaaS) solutions company in the US.
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AES Clean Energy, a renewable energy platform co-owned by AES Corp and Alberta Investment Management Corp (AIMCo), has closed the purchase of a portfolio of wind projects from The Carlyle Group.
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Blackstone-owned Altus Power has completed its merger with a CBRE Group-sponsored special-purpose acquisition company (SPAC), triggering its entry into the New York Stock Exchange as a publicly traded company.
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Apex Clean Energy has signed a deal with a private timberland owner to develop 1 GW of utility-scale solar and solar-plus-storage projects.
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South Korean power company, SK E&S Co, has reached financial close on the purchase of battery storage developer and independent power producer Key Capture Energy.
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An EnCap Investments joint venture has inked a deal to provide a $350 million capital commitment to a carbon capture development company.
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Investment firm KKR & Co has launched a new platform that will source, develop and operate utility-scale solar plants and storage facilities.
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An ArcLight Capital Partners’ subsidiary has reached financial close on its acquisition of NRG Energy’s fossil fuel-fired generation fleet, as well as on the financing to support the deal.
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Canadian developer Westbridge Energy Corp has secured a controlling interest in a solar-plus-storage project in Alberta, Canada.
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BayWa r.e. has acquired the solar distribution platform held under the company Beacon, a US roofing distributor.
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Canadian developer BW Solar has found a buyer for a 1.3 GW/1.62 GWh portfolio of development-stage solar and storage projects spanning 11 states.
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Generation Bridge II, a subsidiary of ArcLight Capital Partners, has launched acquisition financing for the New York- and Connecticut-based fossil fuel assets it purchased from Public Service Enterprise Group (PSEG).
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A subsidiary of Apex Clean Energy has sold a 300 MW wind project in Texas to a Japanese developer through a stock purchase agreement.
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EQT Infrastructure Partners has closed its purchase of New Jersey-based waste-to-energy provider Covanta Holding Corp and appointed a new president and CEO to the company.
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Vermont-based solar and energy storage developer Encore Renewable Energy has secured an equity investment from a solar technology company.
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Rockland Capital is arranging acquisition financing for a pair of gas-fired peaking power plants in Texas that it is purchasing from a sponsor that recently filed for Chapter 11 bankruptcy protection.
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Israeli developer Shikun and Binui Energy (S&B) has closed its acquisition of a 200 MW solar project in Brazoria County, Texas.
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Apollo Global Management has emerged as the winning bidder for a 50% stake in battery-focused independent power producer Broad Reach Power.
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Orsted has closed its acquisition of a 302 MW operational wind project in Illinois from Ares Management Corp.
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To view the list of winning deals and firms for 2020, click here.
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NextEra Energy Partners (NEP) has exercised a buyout option to repurchase a minority equity interest in a portfolio of wind and solar assets from BlackRock.
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CleanCapital has purchased a pair of operational solar assets in Massachusetts from EDF Renewables.
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Freeport LNG has signed a letter of intent with oil and gas firm Talos Energy to develop a carbon capture and sequestration (CCS) project at the site of its Freeport LNG export facility on Quintana Island, near Freeport, Texas.
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Spanish developer Matrix Renewables has agreed to acquire a pair of California solar projects, one of which is co-located with battery storage, from Canadian Solar subsidiary Recurrent Energy.
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Global Infrastructure Partners (GIP) has struck a deal to sell its stake in the 15 mtpa Freeport LNG export facility on Quintana Island, near Freeport, Texas.
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General Electric (GE) has outlined plans to spin off its renewable energy and power businesses into a publicly traded company.
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Q CELLS USA Corp has purchased a 190 MW/ 380 MWh standalone battery storage project in the ERCOT market from Belltown Power.
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Greenbacker Renewable Energy has acquired a pair of distributed generation solar projects in Maine from ReneSola Power.
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Greenbacker Renewable Energy has purchased a distributed solar project that is spread across four separate sites in the North Star State.
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First Energy Corp has secured about $3.4 billion of equity commitments from a pair of private equity firms, one of which will acquire a minority stake in three of the company's transmission businesses.
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Competitive Power Ventures (CPV) has acquired a pair of solar projects in Kentucky and Illinois from Texas-based developer Belltown Power.
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A buyer has emerged for BlackRock Global Energy & Power Infrastructure Fund I’s majority stake in a 240 MW gas-fired cogeneration plant in California.
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A BlackRock-backed wind developer has found a buyer for a merchant wind farm located in New York state.
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Greenbacker Renewable Energy has acquired a 19.5 MW (DC) portfolio of operational solar projects in New England from NextSun Energy.
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Alberta Investment Management Corp (AIMCo) has struck a deal to acquire minority stakes in a pair of wind projects from AES Corp.
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San Antonio, Texas-based asset manager, Victory Capital Management, has closed its acquisition of New Energy Capital Partners (NEC).
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A buyer has emerged for an Ares Management Corp-backed distributed generation solar developer based in Massachusetts, following a competitive auction process.
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NextEra Energy Partners (NEP) has agreed to buy a 102 MW wind farm in California from Starwood Energy Group.
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Mitsubishi Power Americas has struck a joint development agreement with natural gas pipeline and storage provider DT Midstream to advance development on clean hydrogen projects across the US.
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Utility company Alabama Power Co has agreed to purchase a dual-fuel simple-cycle plant from private equity firm Harbert Management Corp.
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Connecticut-based asset manager Atlas Holdings has agreed to acquire the remaining stake in a 1,110 MW fleet of mostly fossil fuel-fired peaking plants that it doesn't already own through a joint venture with a commodities trader.
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After sifting through more than 100 nominations, Power Finance & Risk is pleased to announce the short lists for its 18th Annual Deal of the Year Awards.
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Energy Capital Partners-owned Pivot Energy and solar firm Clean Footprint have entered into a partnership to develop 42 MW of solar capacity in Virginia.
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A South Korean investor has struck a deal to invest up to $400 million in LS Power’s newly formed renewables platform, Rev Renewables.
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Antin Infrastructure Partners has emerged as the winning bidder for a majority stake in solar and energy storage developer Origis Energy, following a competitive auction process.
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Rockland Capital has launched a competitive auction process for a biomass facility in Georgia.
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BlackRock’s Distributed Solar Development (DSD) platform has inked a deal to acquire a 41.5 MW community solar portfolio in New York and Maryland.
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Convergent Energy + Power has acquired a standalone energy storage project located on Staten Island in New York.
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French insurer AXA has purchased a stake in fund manager Blue like an Orange Sustainable Capital, which is focused on sustainable infrastructure investments and recently financed a Brazilian distributed solar developer.
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A subsidiary of sugar and ethanol producer Raizen has agreed to launch a joint venture with Brazilian power generator Grupo Gera to develop renewable distributed generation projects in the country.
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EQT Infrastructure Partners has closed its acquisition of North Carolina-based solar developer Cypress Creek Renewables.
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Middle-market private equity firm Hull Street Energy has agreed to purchase an 84 MW simple-cycle dual-fuel peaking plant in Connecticut.
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Stalking horse bids are due soon for a pair of operational gas-fired peaking power plants in Texas.
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Arevon Energy, the recently formed platform created by the spin-off of Capital Dynamics' Clean Energy Infrastructure (CEI) team in the US and its Arevon Asset Management affiliate, has bought a solar-plus-storage project in California.
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Ares Management Corp has struck a deal to acquire a majority stake in Apex Clean Energy.
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Calibrant Energy, a joint venture established a year ago between Siemens and Macquarie, has hired the senior management team and rights to the project pipeline of a Florida-based distributed solar developer.
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The merger of Enel's Chilean subsidiaries, namely Enel Generacion Chile and Empresa Electrica Pehuenche, has been suspended after failing to gather support among the latter's shareholders.
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Greenbacker Renewable Energy has bought a pair of distributed solar projects totaling 18.4 MW (DC), located at Colorado's Denver International Airport (DIA).
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BlackRock Real Assets' solar development platform Distributed Solar Development (DSD) is in the midst of acquiring a 22.3 MW community solar portfolio in New York state.
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Sempra Energy has closed the sale of a 20% stake in its subsidiary, Sempra Infrastructure Partners, to investment firm KKR & Co, five months after announcing the deal.
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London-based fund manager Sustainable Development Capital (SDC) has closed its acquisition of a 35% stake in Primary Energy Recycling Corp, a portfolio of waste-heat-to-power and cogeneration projects supplying steel mills in the Midwest.
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Allete has struck a deal to sell down a portion of its 50% ownership interest in a combined-cycle gas-fired power plant that it is developing in Wisconsin.
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Renovatio Trading, now known as Spectrum, has struck a deal to buy a portfolio of solar assets in Colombia.
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Chilquinta Energia is planning to merge its transmission subsidiary, Chilquinta Transmision, with its affiliate Compañía Transmisora del Norte Grande (CTNG) in Chile.
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PPL Corp has bought a stake in the SOO Green HVDC Link transmission project, a unique underground transmission line that will follow the route of existing Canadian Pacific railroads.
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The identity of the financial adviser to Companhia Energetica Integrada (CEI) on its recently formed renewables joint venture with Nebras Power Investment Management (NPIM) in Brazil has emerged.
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Solar and energy storage company Catalyze, which is backed by EnCap Investments and Yorktown Partners, has acquired a solar development platform focused primarily on the Northeastern US.
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EDF Renewables has bought a development-stage solar project from Boston-based Galehead Development.
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Details have emerged on the debt package that New York-based private equity firm American Securities is slotting into place to support its acquisition of engineering, procurement and construction contractor Swinerton Renewable Energy (SRE), and its operations and maintenance subsidiary SOLV.
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Avangrid Renewables and Copenhagen Infrastructure Partners (CIP) have agreed to restructure their 50:50 Vineyard Wind joint venture in an effort to focus on their own expansion plans in the US offshore wind market.
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An open-ended fund floated on the London Stock Exchange at the start of this year by UK-based renewable energy advisory firm TortoiseEcofin has agreed to acquire a 69 MW solar portfolio in the US.
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LS Power subsidiary Rise Light & Power has bought the site of a retired oil-fired power plant in New Jersey and plans to redevelop it as an interconnection point for offshore wind farms to deliver electricity to the state's grid.
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D.E. Shaw Renewable Investments (DESRI) has closed acquisition and construction financing for a solar-plus-storage project in New Mexico.
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The sale of BlackRock’s stake in a 240 MW contracted gas-fired cogeneration plant in California has moved into the next phase of bidding.
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Dominion Energy Virginia has agreed to acquire a portfolio of development-stage solar and energy storage assets and signed renewable energy power purchase agreements totaling 1 GW of capacity in the state.
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The sale of a roughly 480 MW portfolio of renewable energy projects in the Western Electricity Coordinating Council (WECC) market has progressed to the next phase.
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Crayhill Renewables, the renewables affiliate of Crayhill Capital Management, and Exelon Power Services have teamed up to provide end-to-end financing and operational services for renewable energy projects in the US.
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EDF Renewables North America has secured a buyer for 50% stakes in a pair of solar projects that it is constructing in California.
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San Antonio, Texas-based asset manager Victory Capital Management has struck a deal to acquire New Energy Capital Partners (NEC).
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Mitsubishi Heavy Industries Group (MHI) and Osaka Gas USA have partnered to acquire a contracted solar project in North Carolina.
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Energy Vault, a gravity-based energy storage developer backed by SoftBank and Saudi Aramco, has agreed to go public via a merger with special purpose acquisition company Novus Capital Corp II.
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Greenbacker Renewable Energy Co (GREC) has acquired a 41 MW development-stage solar project in Michigan.
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An Australian investment banking group is taking bids soon for a renewables developer that it owns in the Show-Me state.
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A South Korean power company has emerged as the winning bidder for battery storage developer and independent power producer Key Capture Energy, following a competitive sale process.
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Nebras Power Investment Management (NPIM), the Dutch subsidiary of Qatar-based Nebras Power, has partnered with Companhia Energetica Integrada (CEI) to launch a renewables joint venture in Brazil.
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A Montreal-headquartered infrastructure investor has made its foray into the US battery storage market with the acquisition of a majority stake in a 1.4 GWh standalone storage project in California.
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Singapore's sovereign wealth fund GIC Private Limited has closed the first phase of its previously agreed upon acquisition of a 19.9% stake in Duke Energy Indiana.
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Details have emerged on Bakken Energy's proposed acquisition of the assets of Basin Electric subsidiary Dakota Gas, including the only coal-to-synthetic natural gas production facility in the US in order to redevelop it as a clean hydrogen hub.
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Minnesota-based utility company Otter Tail Power Co is preparing to sell its stake in a 420 MW coal-fired power plant in North Dakota.
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Altus Power has refinanced a $368 million senior funding facility, upsizing it by $135 million, and plans to use the proceeds to partially fund the acquisition of an operational solar portfolio from TrueGreen Capital Management.
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Starwood Energy Group has signed an investment partnership with a Canadian renewable natural gas (RNG) company to develop and acquire RNG projects in the US and Canada.
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Copenhagen Infrastructure Partners (CIP) has found a buyer for a portfolio of operational solar projects in North Carolina.
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A New Jersey-based independent power producer has launched a sale process for a 20 MW wind project located in California.
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UGI Corp has closed its acquisition of Mountaineer Gas, the largest local gas distribution company in West Virginia, following a competitive auction process run by Moelis & Co.
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Brazilian firm Equatorial Energia has completed its acquisition of electric distribution company CEEE-D from the state of Rio Grande do Sul.
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Engie's Brazilian subsidiary, Engie Brasil Energia, has locked in a buyer for an 857 MW coal-fired power plant in the country while concurrently taking bids for another coal-fired asset.
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Houston-based Ceiba Energy has inked a share purchase agreement to buy a holding company that owns a pair of gas-fired power plants totaling 300 MW in Brazil.
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NextEra Energy Partners (NEP) has closed its acquisition of a 391 MW portfolio of wind projects in California and New Hampshire from Brookfield Infrastructure Partners.
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Starwood Energy Group has struck a deal to sell a 503 MW simple-cycle dual-fuel power plant, located in the MISO market, to a Wisconsin-based electric cooperative.
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Energy infrastructure asset manager True Green Capital Management has found a buyer for a 79 MW portfolio of operational solar assets spread across seven US states.
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Dominion Energy has struck a deal to sell its ownership interests in a portfolio of solar assets in California and Utah that it co-owns with a JP Morgan portfolio company.
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Greenbacker Capital Management is increasing its investment in an owner and operator of small hydro power plants in New York state.
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Atlantic Power has agreed to sell a portfolio of run-of-river hydro projects in New York state to a pair of Canadian buyers.
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Clearway Energy has struck a deal to buy the remaining 50% stake in a portfolio of contracted solar projects in Utah that it co-owns with Dominion Energy.
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Colombian state-owned Ecopetrol has completed its purchase of a 51.41% stake in transmission company Interconexión Eléctrica (ISA) from the Colombian Ministry of Finance and Public Credit.
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Global Infrastructure Partners (GIP) has acquired Mexico’s fourth-largest independent power producer for an undisclosed sum.
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Soltage has secured a $40 million investment for a portfolio of community solar projects and Public Utility Regulatory Policies Act (PURPA) solar facilities in the US.
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Basalt Infrastructure Partners and DCO Energy have launched a sale process for a jointly owned portfolio of district energy systems.
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CarVal Investors has landed a buyer for a portfolio of operational C&I solar assets spanning seven US states.
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Two winning bidders have emerged for The Carlyle Group’s roughly 600 MW Valcour Wind Energy portfolio in New York state, following a competitive sale process that kicked off earlier this year.
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BlackRock Real Assets has acquired a Minneapolis-based renewables developer focused on early-stage wind and solar projects across the US.
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German renewables developer Sowitec Group has closed the sale of an up to 400 MW solar park in Brazil.
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Members of Capital Dynamics' Clean Energy Infrastructure (CEI) team in the US and its Arevon Asset Management affiliate have joined up to launch a new platform called Arevon Energy, with the support of an initial capital infusion from a trio of investment funds.
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Buckeye Partners has bought a 270 MW (DC) development-stage solar project in Texas from OCI Solar Power, making this the second such asset that the Houston-based oil pipeline operator has purchased this summer.
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Distributed solar and energy storage developer Nexamp has recieved a $240 million equity injection led by Generate Capital.
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Nexamp has bought a development-stage portfolio of community solar projects in Maine from TurningPoint Energy.
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Ecopetrol is planning to acquire a 51.4% stake in transmission company Interconexión Eléctrica (ISA) by buying the shares held by the Colombian Ministry of Finance and Public Credit.
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As the summer of 2021 rolls on, sponsors are ramping up renewable platform and portfolio sales with increasing alacrity, much to the delight of a wide range of buyers clamoring to join the frenzy, writes Alfie Crooks.
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Greenbacker Renewable Energy has bought a pair of contracted, utility-scale solar projects in New York state from Hecate Energy.
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Public Service Enterprise Group (PSEG) has agreed to sell its 6.75 GW fossil fuel portfolio to ArcLight Capital Partners, following an auction process that launched around this time last year.
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A renewables developer has kicked off an auction process for a roughly 1.25 GW/1.62 GWh pipeline of development-stage solar and energy storage projects spanning 11 US states.
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The US subsidiary of an Israeli-owned energy company has made an equity investment in Utah-based renewables developer Balanced Rock Power, following a bank-led equity raise.
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Details have emerged on the financial and legal advisers to Belltown Power on its recent sale of a solar project in Texas to Buckeye Partners.
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NextEra Energy Resources (NER) has found a buyer for a 250 MW/180 MWh solar-plus-storage project that it is developing in Indiana.
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