Professional M&A intelligence for the energy transition
EQT Transition Infrastructure, through the investment vehicle Box BidCo S.A.S., completed its acquisition of a 54.1% majority stake in French renewable gas producer Waga Energy SA for approximately €21.55 per share (~$600M). The investment accelerates Waga Energy's international growth, particularly in the U.S., as it scales renewable natural gas production.
Deep Blue Midland Basin LLC completed the acquisition of Environmental Disposal Systems from Diamondback Energy in a deal valued at about $750 million, expanding its produced-water infrastructure platform in the Midland Basin. Diamondback received about $695 million in upfront cash, retained a 30% equity stake in Deep Blue, and may receive up to $200 million […]
Talen Energy (NASDAQ: TLN) completed the acquisitions of the Freedom and Guernsey natural gas power plants from affiliates of Caithness Energy and BlackRock for about $3.8 billion, adding nearly 2.9 GW of generation capacity in the PJM market. Talen Energy is an independent power producer and energy infrastructure company. It own and operate approximately 13.2 […]
Brookfield Renewable Partners agreed to acquire a 12.45% minority stake in four operational U.K. offshore wind farms from Ørsted in a transaction valued at about $2.3 billion, covering assets with a combined capacity of roughly 3.5 GW. Ørsted will retain a 37.55% stake and continue operating the wind farms, which include Hornsea 1, Hornsea 2, […]
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 […]
Energy Capital Partners (ECP) and Centrica plc acquired the Grain LNG terminal from National Grid for approximately £1.5 billion (or around $2.01 billion) Grain LNG is Europe's largest LNG regasification terminal and is located at Isle of Grain, to the east of London. The terminal has annual regasification capacity of 21.7 bcm and tank storage capacity […]
Diversified Energy Company (NYSE:DEC; LSE:DEC) completed its acquisition of Oklahoma-based Canvas Energy in November 2025, expanding its leadership position in Oklahoma with an accretive natural gas acquisition. The deal adds production of approximately 11,000 barrels of oil equivalent per day consisting of 99% natural gas for the first four months of 2025. Kirkland & Ellis […]
NRG Energy completed the acquisition of a 738 MW natural gas combined cycle peaking generation portfolio in Texas. The deal is valued at $560 million. The seller is from Rockland Capital. The acquisition includes one combined-cycle unit and five peaker units, further.
Stonepeak acquired a majority stake in Ørsted's U.S. onshore wind portfolio of operating assets. The portfolio consists four U.S. onshore wind farms with a total capacity of 957 MW. It includes four wind farms across three states: the Ford Ridge Wind project in Illinois, the Helena Wind and Western Trail Wind projects in Texas, and […]
Nova Clean Energy announced the acquisition of HyFuels, a more than 1 gigawatt portfolio of mid-to-late-stage wind and solar development projects as well as an earlier stage green ammonia project. HyFuels is located on the Texas Gulf Coast. HyFuels has a current project footprint of about 25,000 acres. Nova acquired HyFuels from BNB Renewable Energy, a […]