Professional M&A intelligence for the energy transition
Vistra Corp acquired a 15% minority stake in Vistra Vision for $3.3B. The deal consolidated Vistra's position as a leading integrated power company.
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.
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.
An EIG Global Energy Partners-led consortium closed a $12.4 billion investment for a 49 percent stake in Aramco Oil Pipelines Company.
Phillips 66 made a $150 million strategic minority investment in Australian battery materials company NOVONIX in August 2021, acquiring approximately 16 percent of the company. NOVONIX produces synthetic graphite anode materials for lithium-ion batteries from its Tennessee facility.
Hanwha Solutions acquired a 16.67 percent stake in Norwegian polysilicon producer REC Silicon ASAfor $160 million.
ADNOC acquired Mubadala Investment's 24.9% stake in Austrian energy major OMV AG. Financial details were not disclosed.
Abu Dhabi National Energy Company PJSC (TAQA) announced the completion of its agreement to acquire Sustainable Water Solutions Holding.
Aramco completed the acquisition of a 40% equity stake in Gas & Oil Pakistan Ltd. (GO). GO, a downstream fuels, lubricants and convenience stores operator, is one of the largest retail and storage companies in Pakistan.
Aramco completed the acquisition of a 10% strategic stake in Rongsheng Petrochemical Co. Ltd. for approximately $3.6 billion.