Professional M&A intelligence for the energy transition
Nextpower, a Nasdaq-listed solar and power technology provider, announced a definitive agreement to acquire Zimmermann PV-Steel Group, a Germany-based solar technology company.
DIF Capital Partners, a global independent infrastructure investment fund manager, through its fund DIF Infrastructure VI, acquired a 51% stake in ib vogt GmbH, a developer of utility-scale PV solar.
Harbour Energy announced the acquisition of the Wintershall Dea asset portfolio, comprising substantially all of Wintershall Dea AG's upstream assets.
RWE AG completed its $6.8 billion acquisition of Con Edison's clean energy businesses in March 2023. The deal, which involves the acquisition of Con Edison Clean Energy Businesses, added 3 GW of operating solar and wind projects and a 7 GW development pipeline, making RWE the fourth-largest renewable energy company in the U.S.
Masdar and Iberdrola completed and fully energized the 476 MW Baltic Eagle offshore wind farm in the German Baltic Sea in 2024 under their strategic partnership. The project supplies approximately 475,000 households with renewable energy.
TotalEnergies signed an agreement with RWE to acquire a 50% stake in two offshore wind projects in the North Sea. These two projects, N-9.1 (2 GW) and N-9.2 (2 GW), located 110 km off the German coast, were awarded to RWE in August 2024 and have 25-year licenses extendable to 35 years.
Stonepeak and Energy Equation Partners acquired a 65% interest in JET Tankstellen Deutschland GmbH, a fuel retailer in Germany and Austria, from a subsidiary of Phillips 66 (NYSE: PSX). The deal is valued at around €2.5 billion (about $2.9 billion). Phillips 66 will retain a 35% minority interest in JET as part of the deal through […]
Phillips 66 (NYSE:PSX) subsidiary Phillips 66 Continental Holding GmbH agreed to divest a 65% interest in its Germany and Austria retail marketing business, including JET-branded sites. The buyer is a consortium owned by subsidiaries of investment firms Energy Equation Partners and Stonepeak. Phillips 66 will retain a non-operated 35% interest in the business through a […]
Sunoco LP (NYSE: SUN) and SunocoCorp LLC (NYSE: SUNC) acquired TanQuid GmbH & Co. KG for about €500 million, including approximately €300 million of assumed debt. TanQuid is Germany's largest independent terminal operator with a portfolio of 15 terminals located in Germany and one terminal located in Southwestern Poland. This infrastructure serves an important role […]