Professional M&A intelligence for the energy transition
Iberdrola formed a joint venture with Kansai Electric Power on the 315 MW Windanker offshore wind project in the German Baltic Sea, with Kansai acquiring a 49% stake.
The Saudi Arabian Oil Company (Aramco) completed the acquisition of the Valvoline (NYSE: VVV) global products business for $2.65 billion.
Equinor ASA acquired Danish solar developer BeGreen A/S, marking the company's entry into European utility-scale solar development.
Plug Power acquired Joule Processing, a Texas-based engineering and process design firm, for approximately $160 million in cash and stock.
Linde (NYSE:LIN; FWB:LIN) acquired the remaining interests in nexAir LLC, one of the largest independent packaged gas distributors in the U.S. with 2022 sales of approximately $400 million.
Squadron Energy, owned by Australian billionaire Andrew Forrest's Tattarang, completed the acquisition of CWP Renewables for approximately A$4 billion, creating one of Australia's largest renewable energy platforms.
Adani Green Energy completed the acquisition of SB Energy India from SoftBank Group and Bharti Group for an enterprise value of $3.5 billion.
JSW Neo Energy, a subsidiary of JSW Energy, completed the acquisition of Mytrah Energy India for an enterprise value of approximately $1.3 billion. The transaction added 1,753 MW of operating wind power capacity across seven Indian states to JSW's renewable energy portfolio.
Sembcorp Industries completed the acquisition of Vector Green Energy from Global Infrastructure Partners for approximately $474 million.
ReNew Energy Global completed the acquisition of two assets with a combined enterprise value of $384.0 million. ReNew acquired L&T Uttaranchal Hydropower Ltd., which owns the Singoli Bhatwari Hydroelectric Project (SBHEP), from L&T Power Development Ltd., a subsidiary of the engineering and construction firm L&T. In a separate transaction, ReNew Power also acquired 260 MW/330 […]