Professional M&A intelligence for the energy transition
TotalEnergies acquired Global Infrastructure Partners (GIP)'s 50% stake in Clearway Energy Group for $1.6B, becoming the largest clean energy developer in the U.S. Clearway had 5.5 GW of wind and solar operating capacity plus a development pipeline.
Brookfield Renewable acquired Scout Clean Energy for $1 billion (+ $350M development commitments), gaining 800+ MW of operating wind assets and a 22,000+ MW pipeline of wind, solar and storage projects across 24 U.S. states.
Brookfield (NYSE: BAM, TSX: BAM) closed a deal to purchase a 53.32% shareholding in Neoen from Impala, the Fonds Stratégique de Participations (FSP), Cartusia and Xavier Barbaro, and other shareholders. Neoen is a global renewables developer with an 8,000 megawatt high-quality portfolio of wind, solar and storage assets in operation or under construction alongside a […]
EQT Infrastructure, through Otello BidCo, made a cash offer to acquire Swedish renewable energy developer OX2 for ~$1.51B. The deal aimed to transform OX2 into a renewables developer and integrated asset owner.
LS Power acquired Algonquin Power & Utilities Corp.'s renewable energy business (excluding hydro) for up to $2.5B. The renewables business is comprised largely of wind and solar assets located throughout the United States and Canada, including 44 operating assets with more than 3,000 MW of generating capacity and an 8,000 MW pipeline of wind, solar, […]
Reliance New Energy Solar Limited completed its acquisition of a 40% stake in Sterling & Wilson Renewable Energy (SWREL), a Shapoorji Pallonji Group company.
Repsol completed the acquisition of U.S. renewables developer ConnectGen from Quantum Capital Group in December 2023 for $768 million plus contingent payments.
Adani Group completed the acquisition of Holcim's Indian cement businesses ACC and Ambuja Cements in September 2022 in a transaction valued at $10.5 billion.
Masdar completed the acquisition of Saeta Yield from Brookfield Asset Management for approximately $1.4 billion. Saeta Yield owns 745 MW of operating wind capacity and 538 MW of operating solar capacity.
JERA Co., Japan's largest power generator and a joint venture between Tokyo Electric Power Company and Chubu Electric Power, acquired approximately 27% of the outstanding shares of Aboitiz Power, a major power utility in the Philippines.