Professional M&A intelligence for the energy transition
TotalEnergies acquired a 20% stake in Adani Green Energy Limited (AGEL) plus a seat on the board, alongside a 50% interest in a 2,353 MW operating solar portfolio.
Vista Energy, S.A.B. de C.V. subsidiary Vista Energy Argentina S.A.U acquired 100% of the capital stock of Petronas E&P Argentina S.A., which holds a 50% working interest in La Amarga Chica unconventional concession, located in Vaca Muerta, Argentina, from Petronas Carigali Canada B.V. and Petronas Carigali International E&P B.V.
SK Group, through SK E&S and SK Inc., made a $1.6 billion equity investment in Plug Power for a 9.9% stake plus a strategic partnership covering deployment of Plug's PEM electrolyzers and fuel cell technology across South Korea and Asia.
Scatec ASA acquired SN Power AS, the international hydropower platform of Norfund (the Norwegian Investment Fund for Developing Countries), for $1.17 billion.
Engie completed the acquisition of two hydropower plants in Brazil. The acquisition of the Santo Antônio do Jari Hydropower Plant in the states of Amapá and Pará and the Cachoeira Caldeirão Hydropower Plant in the state of Amapá, will add a further 612 MW of installed capacity to the company's generator park.
ProFrac Holding completed the acquisition of U.S. Well Services in a stock-and-cash transaction valued at approximately $316 million.
Williams Companies acquired NorTex Midstream, a natural gas pipeline and storage asset located in north Texas, from an affiliate of Tailwater Capital for $423 million. NorTex owns three natural gas storage facilities in North Texas with combined working gas capacity of 36 Bcf and approximately 80 miles of pipelines.
Kinder Morgan completed the acquisition of STX Midstream from NextEra Energy Partners for $1.82 billion. STX Midstream owns approximately 462 miles of natural gas pipelines including the Eagle Ford Express system and the Carrizo Pipeline serving Eagle Ford, South Texas, and Mexican demand markets.
Hanwha Solutions acquired a 16.67 percent stake in Norwegian polysilicon producer REC Silicon ASAfor $160 million.
An EIG Global Energy Partners-led consortium closed a $12.4 billion investment for a 49 percent stake in Aramco Oil Pipelines Company.