Professional M&A intelligence for the energy transition
BlackRock (NYSE: BLK) completed its $12.5 billion acquisition of Global Infrastructure Partners in October 2024. GIP is the largest independent infrastructure manager by assets under management globally, with over $100 billion in AUM across infrastructure equity and credit strategies supported by approximately 400 employees.
EQT Infrastructure VI acquired UK-based battery storage and flexible generation developer Statera Energy from InfraRed Capital Partners in 2024. Statera holds 1 GW operational/under construction and a 16 GW pipeline of projects across the UK.
Quantum Capital Group acquired Cogentrix Energy from Carlyle for approximately $3.0 billion. Cogentrix operates 5.3 GW of natural gas-fired power generation across the U.S.
Enbridge completed its $3.0 billion acquisition of Dominion Energy's Public Service Company of North Carolina (PSNC) in September 2024. The deal added gas distribution serving approximately 600,000 customers in North Carolina.
Berkshire Hathaway Energy completed the purchase of Dominion Energy's 50% limited partnership stake in the Cove Point LNG, LP business, resulting in a total ownership interest of 75%. The ownership interest is held within BHE GT&S, a Berkshire Hathaway Energy business unit. A subsidiary of BHE GT&S is the general partner and operator of the […]
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.
TotalEnergies acquired a 16.7% equity interest in NextDecade's Rio Grande LNG Phase 1. In July 2023, NextDecade (NASDAQ: NEXT) announced it has made a positive final investment decision to construct the first three liquefaction trains at the company's 27 million tonnes per annum Rio Grande LNG export facility in Brownsville, Texas. NextDecade said it executed […]
Public Service Enterprise Group completed the sale of its 25% equity interest in the 1,100-megawatt Ocean Wind 1 project to Ørsted North America (Ørsted N.A.).
PBF Energy completed its acquisition of Martinez refinery in California from Equilon Enterprises LLC d/b/a Shell Oil Products US. The 157,000 barrel-per-day, dual-coking Martinez refinery is located on an 860-acre site in the City of Martinez, 30 miles northeast of San Francisco, Calif.
Brookfield Renewable completed its $2.8 billion acquisition of Duke Energy Renewables in October 2023. The deal added 3.4 GW of operating wind, solar, and battery storage capacity, with an additional 6.1 GW in development across the U.S.