Professional M&A intelligence for the energy transition
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 […]
Eversource Energy (NYSE:ES) sold Aquarion Water Company to the Aquarion Water Authority (AWA), a quasi-public corporation and political subdivision of the State of Connecticut and a standalone, for about $2.4 billion, which includes $800 million of net debt.
Eaton completed its $600 million acquisition of Royal Power Solutions in 2022. Royal Power Solutions designs and manufactures high-precision electrical connectivity components used in EV powertrains, battery systems, and broader electrical connectivity applications.
An EIG Global Energy Partners-led consortium closed a $12.4 billion investment for a 49 percent stake in Aramco Oil Pipelines Company.
Hanwha Solutions acquired a 16.67 percent stake in Norwegian polysilicon producer REC Silicon ASAfor $160 million.
Adani Group completed the acquisition of Holcim's Indian cement businesses ACC and Ambuja Cements in September 2022 in a transaction valued at $10.5 billion.
Baytex Energy closed its acquisition of Ranger Oil Corp. for around $2.5 billion, which included net debt of approximately US$650 million.
Bonanza Creek Energy and Extraction Oil & Gas announced the closing of their merger and subsequent acquisition of Crestone Peak Resources. The combined company has now formally been rebranded Civitas Resources. The combined company will operate across approximately 425,000 net acres, with a production base of 117 thousand barrels of oil equivalent per day.
Cenovus Energy and Husky Energy completed their all-stock deal in a transaction valued at approximately C$23.6 billion including assumed debt. The combined company will operate as Cenovus Energy and remain headquartered in Calgary, Alberta.
Shell completed the sale of The Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance. Renaissance Africa Energy Company , a consortium comprising four Nigerian independent energy companies —ND Western Limited, Aradel Holdings Plc, FIRST Exploration and Petroleum Development Company Limited, Waltersmith Group and an international energy company – Petrolin Group.