Professional M&A intelligence for the energy transition
Harbour Energy announced the acquisition of the Wintershall Dea asset portfolio, comprising substantially all of Wintershall Dea AG's upstream assets.
Ithaca Energy plc completed the acquisition of JAPEX UK E&P Limited from Japan Petroleum Exploration Co., Ltd. (JAPEX) for approximately $193 million in cash. The deal added non-operated interests in the Seagull and other UK North Sea fields, complementing Ithaca's existing UKCS portfolio.
Aker BP ASA completed its combination with Lundin Energy's oil and gas business in a cash-and-share transaction valued at approximately $13.9 billion, creating one of the largest publicly listed pure-play E&P companies in Europe. Under the deal, Lundin shareholders received $2.22 billion in cash plus 271 million Aker BP shares.
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.
Octopus Energy Group completed the acquisition of Shell Energy Retail in the UK and Germany from Impello Ltd., a subsidiary of Shell Petroleum Co. Ltd. The company will migrate 1.3 million home energy customers to its systems in the UK and Germany.
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.
EQT Active Core Infrastructure Fund and and the Public Sector Pension Investment Board completed its $3.0 billion take-private acquisition of Radius Global Infrastructure in March 2024. Radius owns critical telecommunications infrastructure including renewable energy land leases.
Sonnedix completed the acquisition of a 22.3MW portfolio of solar PV plants from Spanish IPP Solarig. The portfolio is comprised of 18 ground-mounted solar photovoltaic plants, all of them in operations since 2010/2011 and under the Italian Conto Energia feed-in tariff system. All plants are located in Italy.
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.
Ares Management Corporation (NYSE: ARES) said that a fund managed by the Ares Infrastructure Opportunities strategy acquired a 49% stake in a portfolio of assets from EDP Renováveis, S.A., a developer, owner and operator of renewable energy infrastructure. The total estimated enterprise value for 100% of the portfolio amounts to approximately $2.9 billion. The deal […]