Professional M&A intelligence for the energy transition
JERA Co., Japan's largest power generator and a joint venture between Tokyo Electric Power Company and Chubu Electric Power, acquired approximately 27% of the outstanding shares of Aboitiz Power, a major power utility in the Philippines.
Cameco partnered with Brookfield Renewable to acquire Westinghouse Electric in November 2023. Cameco's 49% interest cost approximately $2.2 billion, with Brookfield holding 51%. The deal positions both companies in the nuclear renaissance.
TotalEnergies acquired a 16.7% equity interest in NextDecade's Rio Grande LNG Phase 1. In July 2023, NextDecade (NASDAQ: NEXT) announced it has made a positive final investment decision to construct the first three liquefaction trains at the company's 27 million tonnes per annum Rio Grande LNG export facility in Brownsville, Texas. NextDecade said it executed […]
Public Service Enterprise Group completed the sale of its 25% equity interest in the 1,100-megawatt Ocean Wind 1 project to Ørsted North America (Ørsted N.A.).
Saudi Aramco acquired a strategic minority stake in MidOcean Energy from EIG for $500 million in September 2023, marking Aramco's first international LNG investment. MidOcean is acquiring interests in four Australian LNG projects.
Abu Dhabi Investment Authority (ADIA), through wholly owned subsidiary Tasaheel Investment Holdings, acquired a 10% interest in Sempra Infrastructure Partners for $1.79 billion in April 2022. Sempra Infrastructure owns LNG export assets including Cameron LNG and the development-stage Port Arthur LNG.
Investment firm KKR acquired a 20% interest in Sempra Infrastructure Partners for a $3.4 billion. Sempra Infrastructure Partners owns, among other assets: an LNG portfolio consisting of up to 45 million tonnes per annum of LNG export capacity in development, construction or operation on the North American Pacific and Gulf Coasts; a renewable portfolio consisting […]
Suncor Energy acquired Teck Resources' 21.3% interest in the Fort Hills oil sands project for approximately C$1.0 billion in February 2023, increasing Suncor's stake to 75.4%. The deal supports Suncor's strategy to consolidate operated assets.
Brookfield Renewable Partners agreed to acquire a 12.45% minority stake in four operational U.K. offshore wind farms from Ørsted in a transaction valued at about $2.3 billion, covering assets with a combined capacity of roughly 3.5 GW. Ørsted will retain a 37.55% stake and continue operating the wind farms, which include Hornsea 1, Hornsea 2, […]