Professional M&A intelligence for the energy transition
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.
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.
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.
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.
DIF Capital Partners, a global independent infrastructure investment fund manager, through its fund DIF Infrastructure VI, acquired a 51% stake in ib vogt GmbH, a developer of utility-scale PV solar.
Galp acquired the 24.99% it did not already own in Titan 2020 S.A. The stake was acquired from Cobra for a total consideration of €140 million.
Sonnedix completed the acquisition of a 22.3MW portfolio of solar PV plants from Spanish IPP Solarig. The portfolio is comprised of 18 ground-mounted solar photovoltaic plants, all of them in operations since 2010/2011 and under the Italian Conto Energia feed-in tariff system. All plants are located in Italy.