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.
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 […]
Sembcorp Industries completed the acquisition of Vector Green Energy from Global Infrastructure Partners for approximately $474 million.
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.
Adani Green Energy completed the acquisition of SB Energy India from SoftBank Group and Bharti Group for an enterprise value of $3.5 billion.
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.
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.
Plug Power acquired Joule Processing, a Texas-based engineering and process design firm, for approximately $160 million in cash and stock.
Equinor ASA acquired Danish solar developer BeGreen A/S, marking the company's entry into European utility-scale solar development.
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 […]