Professional M&A intelligence for the energy transition
EQT Infrastructure VI acquired UK-based battery storage and flexible generation developer Statera Energy from InfraRed Capital Partners in 2024. Statera holds 1 GW operational/under construction and a 16 GW pipeline of projects across the UK.
Ares Management Corporation (NYSE: ARES) said that a fund managed by the Ares Infrastructure Opportunities strategy acquired a 49% stake in a portfolio of assets from EDP Renováveis, S.A., a developer, owner and operator of renewable energy infrastructure. The total estimated enterprise value for 100% of the portfolio amounts to approximately $2.9 billion. The deal […]
Standard Solar, a Brookfield Renewable company, acquired a 12-MW community solar project portfolio in Virginia from New Leaf Energy in 2023, marking Standard Solar's entry into Virginia's community solar market.
ContourGlobal acquired a 151 MW solar portfolio consisting of two late-stage projects in South Carolina from Sun Tribe Development in 2024, marking ContourGlobal's entry into the U.S. renewables market.
CleanCapital acquired a portfolio of 40 distributed solar assets totaling 22.7 MW from Kendall Sustainable Infrastructure (KSI) in 2024, expanding its operating distributed solar footprint across Vermont, New York, and California.
Madison Energy Infrastructure acquired Pro-Tech Energy Solutions, a Moorestown, New Jersey-based turnkey energy services and EPC firm, in 2023.
Masdar and Iberdrola completed and fully energized the 476 MW Baltic Eagle offshore wind farm in the German Baltic Sea in 2024 under their strategic partnership. The project supplies approximately 475,000 households with renewable energy.
TotalEnergies signed an agreement with RWE to acquire a 50% stake in two offshore wind projects in the North Sea. These two projects, N-9.1 (2 GW) and N-9.2 (2 GW), located 110 km off the German coast, were awarded to RWE in August 2024 and have 25-year licenses extendable to 35 years.
Macquarie Asset Management acquired DE Shaw Renewable Investments (DESRI) in 2024 in a transaction valued at approximately $1.7 billion. DESRI manages a 6 GW portfolio of operating solar, wind, and storage projects across the U.S.
Ormat Technologies acquired geothermal and solar assets from Enel Green Power North America for $271 million in January 2024. The portfolio includes assets in Nevada, Utah, Connecticut, and California.