Renewable Energy
Repsol Acquires Connect Gen
Repsol completed the acquisition of U.S. renewables developer ConnectGen from Quantum Capital Group in December 2023 for $768 million plus contingent payments.
Spain
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Renewable Energy
Masdar Acquires Saeta Yield
Masdar completed the acquisition of Saeta Yield from Brookfield Asset Management for approximately $1.4 billion. Saeta Yield owns 745 MW of operating wind capacity and 538 MW of operating solar capacity.
Renewable Energy
Galp Energia Acquires Titan 2020 S.A.
Galp acquired the 24.99% it did not already own in Titan 2020 S.A. The stake was acquired from Cobra for a total consideration of €140 million.
Power and Utilities
Mexico Infrastructure Partners Acquires 8,400-MW Gas-Fired Plants in Mexico
Iberdrola completed the $6.2 billion sale of approximately 8,400 MW of gas-fired combined cycle plants in Mexico to Mexico Infrastructure Partners (MIP) in February 2024. The divestiture aligned with Iberdrola's strategic focus on regulated networks and renewables.
Power and Utilities
Iberdrola Acquires Avangrid Remaining 18.4% Stake
Iberdrola completed its acquisition of the remaining 18.4% public stake in U.S. subsidiary Avangrid for $2.6 billion in December 2024, taking Avangrid private. The deal strengthened Iberdrola's commitment to the U.S. regulated utility business serving 3.3 million customers in New York and New England.
Renewable Energy
Asterion Acquires 50% of TotalEnergies Greek Renewables
Asterion acquired a 50% stake in TotalEnergies' Greek renewables portfolio comprising 424 MW of operating and under-construction wind and solar assets, in a transaction valuing the portfolio at €508 million. TotalEnergies retains 50% and continues operating. The deal provides Asterion strategic entry into the Greek power market.
Renewable Energy
Repsol Sells Stake in Texas Solar Project to Stonepeak
Stonepeak agreed to acquire a 43.8% stake in Repsol's 629-MW Outpost solar project in Texas for $252.5 million (€220 million). The transaction values the asset at about $775 million and supports Repsol's strategy to rotate renewable assets and bring in strategic partners in the U.S. market. he transaction is expected to close in the coming […]
Oil and Gas
OMERS Infrastructure Acquires Borealis Spain / Exolum refinancing
ERS Infrastructure closed €770 million in new debt facilities at Borealis Spain Parent B.V., the holding company for OMERS ~25% stake in Exolum. Exolum is a Spanish-headquartered global energy logistics infrastructure company providing specialised solutions to support the energy transition in which OMERS has been directly invested since 2016. The company owns the transmission pipeline […]