Mergers & Acquisitions

  • P.E. Firm Suspends Sale of Hydro Portfolio

    Jun 22, 2018 - Fotios Tsarouhis

    A private equity firm has suspended a sale process for a stake in a hydro portfolio company.
  • Industry Surveys Future of Yieldcos as CapDyn Wraps 8point3 Purchase

    Jun 21, 2018 - Fotios Tsarouhis

    Capital Dynamics has sealed its purchase of 8point3 Energy Partners, sparking conversations about the future of the yield company business model during a busy week of summer conferences.
  • Boralex to Buy Invenergy Stakes in Québec Wind Portfolio

    Jun 21, 2018 - Richard Metcalf

    Boralex has agreed to acquire Invenergy’s stakes in five wind projects in Québec, which the Canadian company intends to finance with the issuance of equity in public and private offerings.
  • EDF Sells Renewables Portfolio Stake to Dutch Pension Manager

    Jun 21, 2018 - Richard Metcalf

    A Dutch pension fund manager has agreed to acquire a 50% stake in a portfolio of EDF Renewables wind projects.
  • Greenbacker Adds Another N.C. Project

    Jun 21, 2018 - Richard Metcalf

    Following the announcement of Greenbacker Renewable Energy Co.’s acquisition of two development-stage solar assets in North Carolina, a second deal has emerged in which the company bought an operational solar project in the same state.
  • California Biomass Plant Goes Under the Hammer

    Jun 20, 2018 - Richard Metcalf

    An idle 18 MW biomass plant in California is set to be auctioned off by its owners following a dispute with the Sacramento Municipal Utility District over the cancellation of its power purchase agreement.
  • Greenbacker Picks Up Pair of N.C. Solar Projects

    Jun 19, 2018 - Fotios Tsarouhis

    Greenbacker Renewable Energy Co. has acquired two development-stage solar assets in North Carolina from ET Capital.
  • Investor Looks to Offload Lessor Stake in Texas Gas-fired Plant

    Jun 19, 2018 - Richard Metcalf

    A financial investor is preparing to sell an interest in a gas-fired project in Texas that it owns as a result of a levered sale leaseback transaction originally signed 18 years ago.
  • Norwegian Duo Enters Argentina

    Jun 19, 2018 - Michael Turner

    A joint venture between Scatec Solar and Norwegian state-owned energy company Equinor has entered the Argentine solar market by acquiring a contracted 117 MW project, and the ceo of Scatec says the company is mulling other opportunities in the Latin American country.
  • Invenergy to Sell Nebraska Wind Project

    Jun 18, 2018 - Shravan Bhat

    Invenergy has sought U.S. Federal Energy Regulatory Commission approval to sell a stake in its 202.5 MW Upstream Wind Energy Center in Antelope County, Neb.
  • Solar Developer Seals Portfolio Acquisition

    Jun 18, 2018 - Fotios Tsarouhis

    A solar shop based in the U.S. Northeast has acquired a 105 MW portfolio of development-stage assets in New York state, PFR has learned.
  • AES, AIMCo Look to Flip Stake in sPower Portfolio

    Jun 15, 2018 - Fotios Tsarouhis

    AES Corp. and Alberta Investment Management Corp. have mandated an adviser to sell a stake in a portfolio owned by sPower, the renewable project developer, owner and operator they jointly acquired last year.
  • AltaGas Signs Buyer for Stake in B.C. Hydro Portfolio

    Jun 13, 2018 - Fotios Tsarouhis

    A joint venture between Axium Infrastructure and Manulife Financial Corp. has agreed to acquire a 35% stake in AltaGas’ hydro assets in northwest British Columbia for C$922 million (approximately $700 million).
  • Fengate Inks Equity Deal with Texas Solar Developer

    Jun 11, 2018 - Fotios Tsarouhis

    Fengate Real Asset Investments has entered into a $100 million, multi-year equity commitment with Texas developer PowerFin Partners, echoing a deal the asset manager struck with a Canadian developer two months ago.
  • Enel Wins Bidding War for Brazil’s Eletropaulo

    Jun 05, 2018 - Michael Turner

    Italy’s Enel has bought a 73% stake in Eletropaulo for R$5.52 billion ($1.48 billion), beating off stiff competition from Spanish rival Iberdrola in a bidding war for the Brazilian utility.
  • GE EFS Taps Advisers to Sell Loan Book, Private Equity Holdings

    Jun 04, 2018 - Fotios Tsarouhis

    GE Energy Financial Services has mandated a pair of financial advisers to sell its project finance loan book as well as equity stakes in generation assets, PFR has learned.
  • Blackstone Puts Recently Refinanced Texas CCGT on the Block

    Jun 04, 2018 - Richard Metcalf

    The Blackstone Group has appointed financial advisers to market a gas-fired project in Texas that was recently refinanced in the term loan B market.
  • PPL Lands C&I Platform Acquisition

    Jun 01, 2018 - Fotios Tsarouhis

    Pennsylvania utility holding company PPL Corp. has acquired commercial and industrial-scale solar developer Safari Energy.
  • TransAlta Drops Down Contracted Renewables in U.S., Canada

    Jun 01, 2018 - Fotios Tsarouhis

    TransAlta Corp. has dropped down more than 90 MW of wind and solar assets into its yield company, TransAlta Renewables.
  • CleanCapital Seals Second C&I Solar Purchase in One Month

    May 31, 2018 - Shravan Bhat

    Weeks after announcing the acquisition of solar assets in California and Nevada, CleanCapital has added a further 10.2 MW of commercial and industrial-scale solar projects in Massachusetts.
  • Talen to Deactivate, Sell Bayonne Plant

    May 30, 2018 - Shravan Bhat

    Talen Energy Corp. has agreed to sell its 163 MW Bayonne Power Plant combined-cycle cogeneration project in Bayonne, N.J., which is due to be retired this year.
  • Aussie Investor to Buy Developer’s Stakes in N.C. Solar Projects

    May 29, 2018 - Richard Metcalf

    Australian investor New Energy Solar has agreed to acquire developer VivoPower’s minority stakes in two solar projects in North Carolina.
  • Southern Power Adds to Wind Fleet

    May 29, 2018 - Richard Metcalf

    Southern Power has acquired a contracted wind project in Oklahoma that will bring the size of its wind generation portfolio to almost 1.7 GW.
  • Pattern Energy Exits Chile with Wind Project Sale

    May 24, 2018 - Michael Turner

    Pattern Energy Group has agreed to sell its only asset in Chile, a 70% stake in the 115 MW El Arrayán wind farm, to affiliates of private equity firm Arroyo Energy Investors.
  • NextEra Takes “Remarketing Risk” with Purchase of Florida Gas-fired Assets from Southern

    May 24, 2018 - Richard Metcalf

    NextEra Energy is paying about $195 million for two gas-fired plants in Florida, representing about 1.22 GW of owned capacity, that have contracts due to be renewed in the next three-to-five years, as part of its recently signed $6.475 billion asset purchase from Southern Co. and its subsidiary Southern Power.
  • Southern Power Inks Solar Stake Sale

    May 23, 2018 - Fotios Tsarouhis

    Southern Power has signed a deal to sell a one-third interest in a 1.7 GW solar portfolio to an institutional investor following an auction process.
  • Navajo Co. to Buy Into Coal-fired Plant

    May 23, 2018 - Fotios Tsarouhis

    An entity owned by the Navajo Nation is purchasing a stake in a 1,540 MW coal-fired project that is located on tribal land.
  • Private Equity Firm Flips PJM Gas-Fired Asset

    May 23, 2018 - Shravan Bhat

    LS Power is selling a simple-cycle gas-fired project it acquired less than six months ago to a subsidiary of a liquefied petroleum gas distribution company.
  • Invenergy Sells Stake in 3.7 GW Gas-fired Portfolio

    May 22, 2018 - Fotios Tsarouhis

    AMP Capital has agreed to form a joint venture with Invenergy through which the Australian investment manager will buy a 50% stake in a portfolio of gas-fired projects in the U.S., Canada and Mexico.
  • CDPQ to Become Majority Backer of Invenergy Renewables

    May 22, 2018 - Fotios Tsarouhis

    The Caisse de dépôt et placement du Québec is increasing its shareholding in Invenergy Renewables by acquiring additional stakes from parent company Invenergy and an existing minority investor.
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