Renewable Energy
Sembcorp Industries Acquires Vector Green Energy
Sembcorp Industries completed the acquisition of Vector Green Energy from Global Infrastructure Partners for approximately $474 million.
Diversified Renewables
21 articles
Renewable Energy
RWE Acquires Con Edison Clean Energy Businesses
RWE AG completed its $6.8 billion acquisition of Con Edison's clean energy businesses in March 2023. The deal, which involves the acquisition of Con Edison Clean Energy Businesses, added 3 GW of operating solar and wind projects and a 7 GW development pipeline, making RWE the fourth-largest renewable energy company in the U.S.
Renewable Energy
Macquarie Acquires Stake in DE Shaw Renewable Investments
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.
Renewable Energy
Ormat Technologies Buys Geothermal & Solar Assets From Enel Green Power
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.
Renewable Energy
Energy Capital Partners Acquires Atlantica Sustainable Infrastructure
Energy Capital Partners completed its take-private acquisition of Atlantica Sustainable Infrastructure for $2.55 billion in December 2024. Atlantica owns and operates a 2.2 GW renewable energy and infrastructure portfolio across the Americas, EMEA, and South Africa.
Power and Utilities
BlackRock Acquires Global Infrastructure Partners
BlackRock (NYSE: BLK) completed its $12.5 billion acquisition of Global Infrastructure Partners in October 2024. GIP is the largest independent infrastructure manager by assets under management globally, with over $100 billion in AUM across infrastructure equity and credit strategies supported by approximately 400 employees.
Renewable Energy
Ares Infrastructure Opportunities Acquires Stake in EDPR's Energy Portfolio
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 […]
Renewable Energy
Brookfield Renewable Acquires Duke Energy Renewables
Brookfield Renewable completed its $2.8 billion acquisition of Duke Energy Renewables in October 2023. The deal added 3.4 GW of operating wind, solar, and battery storage capacity, with an additional 6.1 GW in development across the U.S.
Renewable Energy
American Electric Power Sells AEP Onsite Partners
American Electric Power (Nasdaq: AEP) sold its distributed resources business, AEP OnSite Partners, to funds advised by Basalt Infrastructure Partners. AEP OnSite Partners owns, operates and maintains behind-the-meter assets and distributed energy resources and sells the output to schools, municipalities, hospitals and other commercial and industrial customers. Their portfolio consists of more than 300 MW […]
Renewable Energy
Invenergy / CDPQ Consortium Acquires AEP Wind & Solar Portfolio
An Invenergy-led consortium with CDPQ acquired American Electric Power's unregulated renewables business in 2023, including 1,365 MW of operating wind and solar capacity across multiple states.