Professional M&A intelligence for the energy transition
TotalEnergies acquired Global Infrastructure Partners (GIP)'s 50% stake in Clearway Energy Group for $1.6B, becoming the largest clean energy developer in the U.S. Clearway had 5.5 GW of wind and solar operating capacity plus a development pipeline.
J.P. Morgan Asset Management acquired a 60% stake in Italian renewable energy company Falck Renewables for $1.4B. Falck operates wind, solar, and biomass assets across Europe.
Brookfield (NYSE: BAM, TSX: BAM) closed a deal to purchase a 53.32% shareholding in Neoen from Impala, the Fonds Stratégique de Participations (FSP), Cartusia and Xavier Barbaro, and other shareholders. Neoen is a global renewables developer with an 8,000 megawatt high-quality portfolio of wind, solar and storage assets in operation or under construction alongside a […]
Reliance New Energy Solar Limited completed its acquisition of a 40% stake in Sterling & Wilson Renewable Energy (SWREL), a Shapoorji Pallonji Group company.
Dominion Energy (NYSE: D) closed on a deal to sell a 50% noncontrolling interest in the Coastal Virginia Offshore Wind (CVOW) commercial project to Stonepeak. The 2.6-GW CVOW, the largest offshore wind farm currently under construction in the United States, is on schedule to generate enough clean, renewable energy to power up to 660,000 homes […]
Ares Management Corporation (NYSE: ARES) said that a fund managed by the Ares Infrastructure Opportunities strategy acquired a 49% stake in a portfolio of assets from EDP Renováveis, S.A., a developer, owner and operator of renewable energy infrastructure. The total estimated enterprise value for 100% of the portfolio amounts to approximately $2.9 billion. The deal […]
TotalEnergies signed an agreement with RWE to acquire a 50% stake in two offshore wind projects in the North Sea. These two projects, N-9.1 (2 GW) and N-9.2 (2 GW), located 110 km off the German coast, were awarded to RWE in August 2024 and have 25-year licenses extendable to 35 years.