Mergers & Acquisitions

  • Apollo backs Italian-owned US offshore wind developer

    Aug 14, 2020 - Taryana Odayar

    Apollo Global Management has made a combined $265 million equity and convertible debt investment in Italian-owned offshore wind developer US Wind as part of a strategic partnership to finance a wind project off the coast of Ocean City, Maryland.
  • Q&A: The Global Market for US Renewable Energy Assets with KeyBanc Capital Markets

    Aug 14, 2020 - Power Finance & Risk

    Andy Redinger and Dan Brown, managing directors at KeyBanc Capital Markets, discuss the surge in demand for US renewable energy assets and what global investors need to consider when evaluating opportunities in this sector.
  • Masdar, EDF join forces on 1.6 GW renewables portfolio

    Aug 13, 2020 - Taryana Odayar

    The Abu Dhabi Future Energy Co, also known as Masdar, has signed an agreement with EDF Renewables North America to work together on a 1.6 GW portfolio of wind, solar and battery storage projects spread across the US.
  • AltaGas relaunches California CCGT sale

    Aug 13, 2020 - Taryana Odayar

    AltaGas has relaunched the sale of its 507 MW Blythe Energy Center gas-fired combined-cycle facility in Blythe, California, two years after scrubbing an auction in 2018.
  • Utility eyes hydro portfolio sale

    Aug 13, 2020 - Shravan Bhat

    An investor-owned utility is forging ahead with a re-worked auction process for an operating hydro portfolio located within PJM Interconnection.
  • Arizona solar portfolio on the market

    Aug 13, 2020 - Shravan Bhat

    A sale process for a 180 MW development-stage solar portfolio in Arizona was launched earlier this year.
  • Aussie fund manager's solar sale hits snag

    Aug 12, 2020 - Taryana Odayar

    New Energy Solar's sale of a 50% stake in its 154 MW Mount Signal 2 project in Imperial County, California to NextEnergy Capital Group has been delayed due to performance issues with the project, and the impact of the Covid-19 pandemic.
  • Apex sells White Mesa wind farm

    Aug 12, 2020 - Taryana Odayar

    Apex Clean Energy has sold its White Mesa Wind project in Crockett County, Texas.
  • NextEra build-transfer gets regulatory nod

    Aug 11, 2020 - Shravan Bhat

    The US Federal Energy Regulatory Commission has approved a build-transfer deal for NextEra Energy Resources' 200 MW Crowned Ridge II wind project in South Dakota.
  • AES Tietê acquires wind complex in Brazil

    Aug 11, 2020 - Juliana Ennes

    AES Tietê has acquired J. Malucelli Energia's 187 MW wind project portfolio for R$650 million ($122.2 million).
  • China's SPIC to take stake in Brazilian LNG-to-power assets

    Aug 11, 2020 - Juliana Ennes

    China’s State Power Investment Corporation (SPIC) has entered into an agreement with Prumo to acquire a 33% stake in two LNG-to-power projects located in Brazil – GNA I and GNA II –which have a joint capacity of 3 GW.
  • Renova receives offer for portion of Alto Sertão III

    Aug 10, 2020 - Juliana Ennes

    Brazil’s Renova Energia has received a binding offer for the acquisition of phase B of its Alto Sertão III wind complex from Brazilian private equity firm Prisma Capital.
  • SER Capital acquires DG start-up

    Aug 10, 2020 - Shravan Bhat

    Private equity firm SER Capital Partners has acquired New York-based distributed energy start-up MicroGrid Networks (MGN).
  • First Solar to offload O&M business

    Aug 07, 2020 - Shravan Bhat

    First Solar has agreed to sell its North American operations and maintenance division to NovaSource Power Services, a company established recently by Toronto-based Clairvest Group for its acquisition of a similar business from SunPower Corp.
  • Mesquite back on the menu for Clearway

    Aug 07, 2020 - Shravan Bhat

    After calling off a drop-down of the 419 MW Mesquite Star wind farm in Texas at the end of 2019, Clearway Energy has reversed course and agreed to buy the equity stake on new terms.
  • Caught in a crosswind: Aviator, Texas

    Aug 07, 2020 - Shravan Bhat

    Ares Management Corp's 525 MW Aviator wind farm in Texas had to navigate some Covid-related turbulence, but the private equity firm was ultimately able bring on board a pair of very different buyers and land the deal safely last month.
  • Greenbacker swoops on Iowa wind farm

    Aug 06, 2020 - Shravan Bhat

    Greenbacker Renewable Energy has agreed to acquire an eight-year-old operational wind project in Iowa from its original developer.
  • Auction underway for Garden State community solar portfolio

    Aug 06, 2020 - Taryana Odayar

    A developer is hawking a portfolio of eight community solar projects spread across four counties in the Garden State.
  • Petrobras receives 12 bids for LNG terminal

    Aug 06, 2020 - Juliana Ennes

    Brazil’s Petrobras has qualified 12 companies to compete for the leasing of its LNG import terminal in the state of Bahia.
  • Bids due in August in First Solar sale

    Aug 05, 2020 - Taryana Odayar

    First Solar has set a deadline for bids in the sale of its US project development business.
  • PPL's Safari bags Georgia solar portfolio

    Aug 05, 2020 - Richard Metcalf

    PPL Corp's distributed generation subsidiary, Safari Energy, has acquired a 43 MW portfolio of solar projects in Georgia.
  • Sale underway for Canadian cogen portfolio

    Aug 04, 2020 - Taryana Odayar

    A private equity fund manager has put a portfolio of cogeneration assets in Canada up for sale in an auction being run by a bulge-bracket investment bank.
  • Atlantica invests in Chile solar asset

    Aug 04, 2020 - Shravan Bhat

    Algonquin Power and Utilities' yield company Atlantica Yield has acquired an operational solar asset in Chile.
  • Kayne launches renewables-focused mutual fund

    Aug 03, 2020 - Shravan Bhat

    Kayne Anderson Capital Advisors has launched Kayne Anderson Renewable Infrastructure Fund, an open-ended mutual fund that will target companies that own, operate, and develop renewable energy assets.
  • Brookfield district energy biz up for grabs

    Aug 03, 2020 - Taryana Odayar

    Brookfield Infrastructure is preparing to launch an auction for Enwave Energy Corp, a large-scale district energy platform spread across a number of major cities in North America.
  • PSEG aims to offload nearly 7 GW fossil fuel portfolio

    Aug 03, 2020 - Taryana Odayar

    In a push to focus on its regulated utility growth, improve its credit profile and enhance its ESG position, Public Service Enterprise Group (PSEG) is exploring strategic alternatives for its 6,750 MW fossil fuel generation fleet in New Jersey, Connecticut, New York and Maryland.
  • Omega buys wind farms from Eletrobras

    Aug 03, 2020 - Juliana Ennes

    Brazilian renewable energy company Omega Geração has signed a binding offer to acquire a portfolio of wind farms totaling 582.8 MW from state-controlled Eletrobras.
  • Entergy to buy Texas peaker in PUC settlement

    Aug 03, 2020 - Taryana Odayar

    Entergy Texas has struck a deal to buy a gas-fired peaker in the Lone Star State as part of a regulatory settlement involving an electric cooperative group.
  • Brookfield gets green light for TerraForm merger

    Jul 31, 2020 - Taryana Odayar

    Brookfield Renewable Partners (BEP) is set to buy all of the outstanding publicly-traded shares of its yield company, TerraForm Power, after TerraForm's stockholders voted in support of the transaction.
  • Aviator majority owner revealed

    Jul 30, 2020 - Shravan Bhat

    Michigan-based utility holding company CMS Energy has surfaced as the buyer of the 51% share of Ares Management Corp's 525 MW Aviator wind farm in Coke County, Texas.
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