Professional M&A intelligence for the energy transition
Talen Energy (NASDAQ: TLN) completed the acquisition of the Lawrenceburg Power Plant in Indiana and the Waterford Energy Center and Darby Generating Station in Ohio from Energy Capital Partners.
Equinor acquired Suncor Energy's UK for $850 million. The deal will add approximately 15,000 barrels of oil equivalent per day in equity share in 2023 and create synergies with Equinor’s existing operations.
INEOS Energy completed the acquisition of the US Gulf business held by CNOOC Energy Holdings U.S.A., a U.S. subsidiary of CNOOC International. The deal increases INEOS Energy’s production globally to over 90 thousand barrels of oil equivalent per day.
Entergy completed the sale of the subsidiary that owns the Palisades Power Plant to Holtec International. The transaction will also transfer ownership of the decommissioned Big Rock Point site in Charlevoix, Michigan from Entergy to Holtec.
LS Power acquired Algonquin Power & Utilities Corp.'s renewable energy business (excluding hydro) for up to $2.5B. The renewables business is comprised largely of wind and solar assets located throughout the United States and Canada, including 44 operating assets with more than 3,000 MW of generating capacity and an 8,000 MW pipeline of wind, solar, […]
Hawaiian Electric Industries (NYSE - HE), the parent company of Pacific Current, announced the closing of the sale of Pacific Current's 60-megawatt Hamakua Energy Plant on Hawai'i Island to a subsidiary of Harbert Management Corp.
Verdalia Bioenergy, the Goldman Sachs-backed European biomethane platform, completed the acquisition of seven operating renewable natural gas plants in Italy. The portfolio consists of 7 plants located in the province of Brescia, with an approximate combined production capacity of 190 GWh of biomethane derived from a processing capacity of 350,000 tonnes of raw materials per […]
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 […]
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.
DNO ASA, the Norwegian oil and gas operator, acquired 100 percent of the shares of Sval Energi Group AS from HitecVision for a cash consideration of $450 million based on an enterprise value of $1.6 billion.