Professional M&A intelligence for the energy transition
Talen Energy (NASDAQ: TLN) completed the acquisitions of the Freedom and Guernsey natural gas power plants from affiliates of Caithness Energy and BlackRock for about $3.8 billion, adding nearly 2.9 GW of generation capacity in the PJM market. Talen Energy is an independent power producer and energy infrastructure company. It own and operate approximately 13.2 […]
Sembcorp Industries Ltd. and Chow Tai Fook Enterprises Limited agreed to acquire 100% of Australia's energy retailer and generator Alinta Energy Pty Ltd. for an around A$6.5 billion. The acquisition will give Sembcorp a major platform in Australia's energy market, combining Alinta's generation and retail operations with Sembcorp's global renewables capabilities to accelerate clean energy […]
NRG Energy completed the acquisition of a 738 MW natural gas combined cycle peaking generation portfolio in Texas. The deal is valued at $560 million. The seller is from Rockland Capital. The acquisition includes one combined-cycle unit and five peaker units, further.
Energetický a průmyslový holding, a.s. (EPH) completed the acquisition of an additional 50% stake in Slovak Power Holding B.V. (SPH) from Enel Produzione S.p.A. EPH now owns a 100% stake in SPH, which in turn owns a 66% majority stake in Slovenské elektrárne, a.s. (Slovenské elektrárne), Slovakia’s largest electricity producer. Slovenské elektrárne generated 20.8 TWh […]
Global Infrastructure Partners, a part of BlackRock, and the EQT Infrastructure VI fund, along with co-underwriters California Public Employees’ Retirement System (CalPERS) and Qatar Investment Authority (QIA), agreed to acquire AES Corporation (NYSE: AES) for $15.00 per share in cash. The deal represents a total equity value of $10.7 billion and an enterprise value of […]
AGL Energy sold 19.9% of its 20% equity in Tilt Renewables (Tilt) to existing shareholders and other entities led by the Queensland Investment Corporation (QIC) and the Future Fund for $750 million. AGL's investment in Tilt had a carrying value of $321 million as at June 30 2025, and the transaction is expected to result […]
1606 Corp. (OTC: CBDW) entered into a non-binding term sheet to acquire a 55-MW power generation facility and a 50,000-sq.-ft. climate-controlled warehouse configured for data center operations in Texas for around $11.67 million. The proposed deal includes roughly 132 acres of real property, associated equipment, permits and infrastructure assets. The facility is designed to operate […]
Constellation (Nasdaq: CEG) acquired Calpine Corp. from Energy Capital Partners (ECP), creating the nation's largest producer of electricity. In January 2025, Constellation announced an to acquire Calpine in a cash and stock transaction valued at an equity purchase price of approximately $16.4 billion, composed of 50 million shares of Constellation stock and $4.5 billion in […]
Constellation Energy (Nasdaq: CEG) completed its acquisition of Calpine on Jan. 7, creating the nation’s largest electricity producer with approximately 60 gigawatts of combined generating capacity. The cash-and-stock transaction, first announced in January 2025, valued Calpine at roughly $16.4 billion in equity—comprising 50 million Constellation shares and $4.5 billion in cash—plus the assumption of $12.7 […]