Professional M&A intelligence for the energy transition
Talen Energy (NASDAQ: TLN) completed the acquisition of the Lawrenceburg Power Plant in Indiana and the Waterford Energy Center and Darby Generating Station in Ohio from Energy Capital Partners.
Equinor acquired Suncor Energy's UK for $850 million. The deal will add approximately 15,000 barrels of oil equivalent per day in equity share in 2023 and create synergies with Equinor’s existing operations.
Oasis Petroleum and Whiting Petroleum completed their merger to form Chord Energy, a Williston Basin-focused independent E&P company with combined production of ~170,000 BOE/d.
TotalEnergies acquired Global Infrastructure Partners (GIP)'s 50% stake in Clearway Energy Group for $1.6B, becoming the largest clean energy developer in the U.S. Clearway had 5.5 GW of wind and solar operating capacity plus a development pipeline.
Crestwood Equity Partners acquired Sendero Midstream from Energy Capital Partners for $600M cash, doubling its natural gas processing capabilities in the Delaware Basin.
Crestwood Equity Partners LP (NYSE: CEQP) acquired Oasis Midstream Partners LP (NASD: OMP) in an equity and cash transaction valued at about $1.8 billion including the assumption of debt.
Brookfield Renewable acquired clean power developer Urban Grid and its pipeline of projects comprising approximately 13,000 MW of utility-scale solar and 7,000 MW of energy storage capacity for $650 million.
Brookfield Renewable acquired Scout Clean Energy for $1 billion (+ $350M development commitments), gaining 800+ MW of operating wind assets and a 22,000+ MW pipeline of wind, solar and storage projects across 24 U.S. states.
Africa Finance Corp. and Infinity Group acquired Lekela Power, a pan-African wind energy company, for $1.5B. Lekela operates over 1 GW of wind capacity across South Africa, Egypt, and Senegal.
J.P. Morgan Asset Management acquired a 60% stake in Italian renewable energy company Falck Renewables for $1.4B. Falck operates wind, solar, and biomass assets across Europe.