Professional M&A intelligence for the energy transition
Chevron completed its acquisition of Renewable Energy Group (REG) for $61.50 per share in an all-cash transaction valued at about $3.15 billion, or approximately $2.75 billion net of cash acquired. REG was the largest U.S. producer of biodiesel and a producer of renewable diesel.
TotalEnergies signed an agreement to acquire the 25% interest held by Moeve (formerly CEPSA) in Block 53 offshore Suriname, joining APA (45%, operator) and Petronas (30%). Block 53 lies directly east of Block 58 where the GranMorgu development FID was taken in October 2024. The acquisition adds new resources to TotalEnergies' low-cost, low-emission GranMorgu project.
Ecopetrol concluded negotiations with Grenergy Renovables to potentially acquire seven companies holding solar photovoltaic projects in Colombia with a combined capacity of up to 88.2 MW. The projects are located in Córdoba, Cesar, Magdalena and Sucre, and the transaction remains subject to conditions precedent and legal requirements.
Ecopetrol completed the acquisition of companies holding solar projects totaling about 0.6 GW in Colombia from subsidiaries of Statkraft for $157.5 million, advancing its renewable energy and decarbonization strategy. The broader agreement also includes potential purchases of additional wind project entities subject to regulatory approvals.
Asterion acquired a 50% stake in TotalEnergies' Greek renewables portfolio comprising 424 MW of operating and under-construction wind and solar assets, in a transaction valuing the portfolio at €508 million. TotalEnergies retains 50% and continues operating. The deal provides Asterion strategic entry into the Greek power market.
Stonepeak agreed to acquire a 43.8% stake in Repsol's 629-MW Outpost solar project in Texas for $252.5 million (€220 million). The transaction values the asset at about $775 million and supports Repsol's strategy to rotate renewable assets and bring in strategic partners in the U.S. market. he transaction is expected to close in the coming […]
Ardian agreed to acquire 100% of Energia Group from I Squared Capital. Energia operates across the entire energy value chain in Ireland and Northern Ireland, serving almost 900,000 homes and businesses. It is one of the longest established providers of renewable electricity in Ireland, supplying approximately 17% of the island of the country's total electricity […]
Nova Clean Energy announced the acquisition of HyFuels, a more than 1 gigawatt portfolio of mid-to-late-stage wind and solar development projects as well as an earlier stage green ammonia project. HyFuels is located on the Texas Gulf Coast. HyFuels has a current project footprint of about 25,000 acres. Nova acquired HyFuels from BNB Renewable Energy, a […]
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 […]