Professional M&A intelligence for the energy transition
Nextpower, a solar and power technology provider, announced an agreement to acquire Zimmermann PV-Steel Group, a Germany-based solar technology company. Zimmermann has deployed more than 20 GW of solar capacity and maintains a strong market presence in Germany, one of Europe's largest solar markets.
Brookfield Renewable acquired clean power developer Urban Grid and its pipeline of projects comprising approximately 13,000 MW of utility-scale solar and 7,000 MW of energy storage capacity for $650 million.
Global Infrastructure Partners and Actis acquired Latin American renewables company Atlas Renewable Energy for $2B, gaining a portfolio of solar projects across Brazil, Chile, Mexico, Colombia, and Uruguay.
Shell acquired Indian renewable energy developer Sprng Energy for $1.55B, gaining a portfolio of solar and wind assets in India.
Reliance New Energy Solar Limited (RNESL), a subsidiary of Reliance Industries, completed the acquisition of REC Solar Holdings AS from China National Bluestar (Group) Co. for $771 million enterprise value. REC Solar is one of the world's leading solar cell, panel, and polysilicon manufacturing companies, with industry-leading heterojunction (HJT) cell technology and 25 years of […]
Reliance Industries acquired 100% of the equity in MSKVY Nineteenth Solar SPV Limited and MSKVY Twenty-second Solar SPV Limited from MSEB Solar Agro Power Limited.
TotalEnergies acquired a 20% stake in Adani Green Energy Limited (AGEL) plus a seat on the board, alongside a 50% interest in a 2,353 MW operating solar portfolio.
Hanwha Solutions acquired a 16.67 percent stake in Norwegian polysilicon producer REC Silicon ASAfor $160 million.
Equinor ASA acquired Danish solar developer BeGreen A/S, marking the company's entry into European utility-scale solar development.
Adani Green Energy completed the acquisition of SB Energy India from SoftBank Group and Bharti Group for an enterprise value of $3.5 billion.