Mergers & Acquisitions

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  • Direct Energy to Acquire Texas-based Retail Biz

    Oct 18, 2018 - Taryana Odayar

    Direct Energy Business has agreed to acquire a retail electricity business that serves commercial and industrial customers in the ERCOT and PJM Interconnection markets.
  • AltaGas to Sell Stake in Colorado Wind Farm

    Oct 18, 2018 - Taryana Odayar

    AltaGas is selling its stake in a wind project in Huerfano County, Colo., to an independent power producer affiliated with the project's utility offtaker and co-owner.
  • European Buyer Emerges for Recurrent Portfolio

    Oct 17, 2018 - Shravan Bhat

    Recurrent Energy has lined up a European institutional investor to acquire a California solar portfolio that was once meant to go to Chinese buyers.
  • Sumitomo Signs Silver State Solar Sale

    Oct 17, 2018 - Taryana Odayar

    Sumitomo Corp. of Americas is selling a solar project in Washoe County, Nev., to a local utility.
  • KKR's X-ELIO Acquires Palmetto State Solar Project

    Oct 16, 2018 - Taryana Odayar

    X-ELIO, a portfolio company of private equity firm KKR & Co., has acquired a solar project in South Carolina.
  • Details Materialize on Apollo's GE EFS Portfolio Acquisition

    Oct 16, 2018 - Taryana Odayar

    Details have emerged about the approximately $1 billion portfolio of GE Energy Financial Services equity holdings which Apollo Global Management announced it would be acquiring last week (PFR, 10/8).
  • MS Seals Bayonne Purchase with Oversubscribed Debt Financing

    Oct 16, 2018 - Richard Metcalf

    Morgan Stanley Infrastructure has closed its acquisition of the 644 MW Bayonne Energy Center gas-fired project in New Jersey, a deal financed with an acquisition loan package that was oversubscribed in the bank market.
  • Japanese Investor Swoops In on Macquarie’s Lordstown Stake

    Oct 15, 2018 - Taryana Odayar

    A Japanese investor is buying a slice of Macquarie Group’s 64.67% stake in the 856 MW gas-fired, combined cycle Lordstown Energy Center in Ohio, which Macquarie has been looking to sell down since 2016.
  • Pennsylvania Coal-Fired Plant Stakes to Pass to Creditors

    Oct 11, 2018 - Taryana Odayar

    A group of financial investors are preparing to take ownership of GenOn Energy's stakes in a pair of primarily coal-fired power plants in western Pennsylvania as part of a pre-packaged restructuring deal.
  • Texas M&A Tipped to Fizz After Strong Summer for Generators

    Oct 11, 2018 - Richard Metcalf

    With sale processes for several gas-fired assets underway in Texas, deal watchers say more could end up going under the hammer following a summer of high power prices in the state.
  • Exelon's Constellation Unit Acquires Solar Developer

    Oct 10, 2018 - Taryana Odayar

    Exelon Corp.’s wholesale power supplier, Constellation, has acquired a solar developer in a move to expand its retail solar business.
  • IPP Looks to Offload New England Plant

    Oct 10, 2018 - Richard Metcalf

    An independent power producer tapped an investment bank earlier this year to auction off a merchant dual-fuel facility in Massachusetts.
  • Auction for Queens Gas-fired Plants Rumbles On

    Oct 09, 2018 - Richard Metcalf

    As the sale process for a pair of gas-fired assets in Queens, N.Y., heads toward a second round of bidding, deal watchers see varying levels of interest in the two assets.
  • Noble Closes Texas Wind Farm Sale

    Oct 08, 2018 - Taryana Odayar

    With the help of an adviser, Noble Environmental Power has sold an under performing wind farm in Texas to developer Geronimo Renewable Infrastructure Partners.
  • Denmark's Ørsted to Acquire U.S. Offshore Platform

    Oct 08, 2018 - Taryana Odayar

    Ørsted, Denmark’s largest energy company, has agreed to acquire U.S. offshore wind platform Deepwater Wind, including Block Island, the only operaitonal offshore wind project in the country, for $510 million.
  • Carlyle Buys GE Out of Southeast Portfolio

    Oct 08, 2018 - Taryana Odayar

    The Carlyle Group is buying GE Energy Financial Services out of its stake in a jointly-held, roughly 2.8 GW portfolio of gas-fired assets in Georgia, as the GE Capital unit divests its energy-sector private equity holdings.
  • Apollo Steps Up for GE EFS Equity Holdings

    Oct 08, 2018 - Richard Metcalf

    Apollo Global Management has emerged as the buyer of a mostly U.S. portfolio of GE Energy Financial Services' equity holdings, following a competitive auction.
  • Pattern Plans Treasure State Dropdown

    Oct 05, 2018 - Taryana Odayar

    Pattern Development is dropping down a 51% stake in a development-stage project in Montana to its yield company, Pattern Energy Group, while a Canadian investor is acquiring the remaining 49% stake.
  • Buyers Circle Mexico Cogen

    Oct 05, 2018 - Shravan Bhat

    Private equity firms are believed to be eyeing Abengoa’s soon-to-be-completed A3T cogeneration project in the Mexican state of Tabasco.
  • Leeward Rounds Up Tax Equity for Mendota Hills Wind Repowering

    Oct 04, 2018 - Taryana Odayar

    Leeward Renewable Energy, the wind-focused business which OMERS Infrastructure Management bought from ArcLight Capital Partners earlier this year, has lined up a lead tax equity investor for the repowering of its Mendota Hills wind project in Lee County, Illinois.
  • Canadian Firm to Buy Stake in Hydro Duo

    Oct 03, 2018 - Taryana Odayar

    Connor, Clark & Lunn Infrastructure is buying a majority stake in a pair of hydro plants in British Columbia totaling approximately 50 MW.
  • ECP Finds Buyer for Wheelabrator

    Oct 02, 2018 - Taryana Odayar

    Energy Capital Partners has found a buyer for its waste-to-energy portfolio company Wheelabrator Technologies after weighing exit strategies including an initial public offering.
  • Hedge Fund Acquires Rare Wyoming Solar Project

    Oct 02, 2018 - Shravan Bhat

    Centaurus Renewable Energy has picked up another 174 Power Global solar project, this time the 80 MW Sweetwater facility in Wyoming, which is set to increase the state's installed solar capacity by a factor of more than 30.
  • D.E. Shaw Lines Up Solar Acquisition with Tax Equity on Standby

    Oct 01, 2018 - Shravan Bhat

    D. E. Shaw Renewable Investments is close to acquiring First Solar’s 100 MW Willow Springs solar project in Kern County, Calif., with tax equity ready to go.
  • Nevada Geothermal Project Finds Newest Owner

    Oct 01, 2018 - Shravan Bhat

    Clean Energy Partners has sold an operational 49.5 MW geothermal project in Nevada to a developer.
  • Duke Energy Eyes Sale of Renewable Portfolio Stake

    Sep 27, 2018 - Taryana Odayar

    Duke Energy has hired an investment bank as it weighs the sale of a minority interest in its commercial renewables portfolio, which comprises 2,907 MW of utility-scale wind and solar generation as well as storage assets across 14 U.S. states.
  • Skyline Loads Up on Vintage Texas Wind

    Sep 27, 2018 - Taryana Odayar

    Skyline Renewables, the joint venture between Paris-based investment firm Ardian Infrastructure and Transatlantic Power Holdings, has agreed to buy another seasoned Texas wind farm from Renewable Energy Systems Americas.
  • Korean Firms to Snap Up SunPower Project

    Sep 26, 2018 - Shravan Bhat

    Two Korean companies have been granted approval to acquire a solar project in Nevada from SunPower Corp., through subsidiaries that focus on project development.
  • EDF to Acquire 50% Stake in Solar Developer

    Sep 25, 2018 - Taryana Odayar

    EDF Renewables North America is acquiring a 50% stake in a New York-headquartered commercial solar developer.
  • Dominion Signs Generation Asset Sales

    Sep 25, 2018 - Taryana Odayar

    Dominion Energy has reached agreements with two buyers for the sales of three generation assets located in Pennsylvania, Rhode Island and Louisiana for a combined $1.32 billion.
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