Mergers & Acquisitions

  • Midwestern Utility Tie-up at Crossroads After Regulatory Ruling

    May 26, 2017 - Fotios Tsarouhis

    The Kansas Corporation Commission has declined to reconsider its order denying approval for Great Plains Energy’s $12.2 billion acquisition of Westar Energy, leaving the Midwestern utilities to mull whether they should revise the terms of the deal or abandon it entirely.
  • Enel Runs Auctions to Exit Mexico and Panama

    May 25, 2017 - Olivia Feld

    Enel has mandated financial advisers to run tandem sales processes for all of its generation assets in in Mexico and Panama, which total over 2.3 GW.
  • ORIX Files for Acquisition of Ormat Stake

    May 24, 2017 - Fotios Tsarouhis

    Japanese conglomerate ORIX has filed with the U.S. Federal Energy Regulatory Commission for its acquisition of a 22.1% stake in geothermal developer Ormat Technologies.
  • InterGen to Quit Mexico As Debt Wall Approaches

    May 24, 2017 - Michael Turner

    Burlington, Mass.-based InterGen will soon launch a formal sales process for its Mexican businesses, marking the end of a 20-year venture into the country as the group looks to chop assets to tackle incoming debt maturities.
  • Ares Seeks Buyer for Coal-fired Quartet

    May 22, 2017 - Richard Metcalf

    Ares-EIF has put a portfolio of contracted coal-fired assets in New Jersey, West Virginia and Arkansas on the block.
  • Enel Ups Stake in Oklahoma Wind Project

    May 19, 2017 - Fotios Tsarouhis

    Enel Green Power North America is increasing its stake in an Oklahoma wind project it co-owns with GE Energy Financial Services.
  • Echoenergia Buys Brazilian Wind Farm Pair

    May 18, 2017 - Michael Turner

    Actis' newly formed wind platform Echoenergia has acquired two operating wind farms in north east Brazil from developer Casa dos Ventos.
  • Cemig Plans Asset Sale to Shrink Debt

    May 18, 2017 - Michael Turner

    Brazil’s largest integrated energy company Cemig plans to release a list of assets in the coming weeks that it wants to sell to reduce its R$14.728 billion ($474 million) consolidated debt pile, the company’s chief financial officer said in a conference call.
  • NYSE-Listed Vistra Acquires Texas Solar Asset From ConEd

    May 18, 2017 - Fotios Tsarouhis

    Fresh from its listing on the New York Stock Exchange, Vistra Energy has acquired a 180 MW solar project in Texas from Consolidated Edison.
  • LS Power Refinances, Sells Gas-fired Portfolio

    May 18, 2017 - Richard Metcalf

    LS Power has closed a hybrid bank and institutional debt financing for a more-than-3 GW portfolio of merchant and gas-fired projects and sold the assets to a new group of institutional investors.
  • Investment Manager Acquires Wind Platform

    May 17, 2017 - Fotios Tsarouhis

    Renewables-focused investment manager Quinbrook Infrastructure Partners has acquired wind developer Scout Clean Energy, which owns a 1.6 GW development pipeline comprising nine projects.
  • Hawaii PUC Blocks Oil-fired Plant Purchase

    May 16, 2017 - Fotios Tsarouhis

    The Hawaii Public Utilities Commission has blocked Hawaii Electric Light Co.’s planned acquisition of an combined-cycle oil-fired plant in Honokaa, rejecting the utility’s claim that its purchase of the project would be beneficial to its customers.
  • Fortis to Acquire Stake in B.C. Dam for $1.2B

    May 15, 2017 - Olivia Feld

    Utility company Fortis has agreed to purchase Teck Resources’ two-thirds interest in the 496 MW Waneta Dam hydro project and accompanying transmission assets in British Columbia, Canada for $1.2 billion.
  • Northland Power Strategic Review Tests Investor Patience

    May 11, 2017 - Richard Metcalf

    Northland Power’s share price has showed weakness in recent weeks as investor patience with a strategic review launched last summer wears thin.
  • Investment Firm Ups Simple-Cycle Project Stake

    May 11, 2017 - Fotios Tsarouhis

    The Silverfern Group has made a "follow-on investment" in the 878 MW Broad River simple-cycle dual-fuel facility in Gaffney, S.C.
  • Morgan Stanley Launches Wind Portfolio Sale

    May 10, 2017 - Richard Metcalf

    Morgan Stanley is marketing a portfolio of wind assets in Montana and Alberta, a person familiar with the process has confirmed.
  • Avangrid Buys into Offshore Wind Project Ahead of PPA Auction

    May 10, 2017 - Richard Metcalf

    Avangrid Renewables has acquired a 50% stake in a development platform of Copenhagen Infrastructure Partners that owns a lease for a wind project off the coast of Massachusetts.
  • First Solar Lines Up Buyer for Switch Station

    May 09, 2017 - Fotios Tsarouhis

    First Solar has found a third-party buyer for two projects that were once slated to be dropped down into the developer’s yield company.
  • Carlyle Finds Buyer for N.J. CCGT

    May 09, 2017 - Richard Metcalf

    The Carlyle Group has agreed to sell a gas-fired project in New Jersey that the private equity firm put on the block last fall.
  • Ares-EIF Taps Two Banks for PJM Project Sale

    May 08, 2017 - Richard Metcalf

    Ares-EIF has hired two investment banks to run a sale process for an under-construction gas-fired project in PJM Interconnection, deal watchers tell PFR.
  • Yieldco Sweep: Want to Buy a Yieldco? Take Your Pick

    May 05, 2017 - Richard Metcalf

    Investors that missed out on the chance to acquire SunEdison’s two yield companies still have options, as stakes in two other publicly-listed renewables roll-ups have come up for sale this year and another could be put on the block before long.
  • Exelon Eyes Texas Portfolio Sale, Shelves Mystic Process

    May 04, 2017 - Fotios Tsarouhis

    Exelon Corp. is offloading a distressed portfolio of gas-fired projects in Texas after putting a separate sale of a nearly 2 GW dual-fuel project in Massachusetts on hold.
  • SunEdison and Riverstone to Offload California Solar Stake

    May 04, 2017 - Fotios Tsarouhis

    Silver Ridge Power, a joint venture owned by Riverstone Holdings and SunEdison, is selling its nearly 40% stake in a California solar project.
  • Advisors Revealed for Yieldco Strategic Review

    May 03, 2017 - Richard Metcalf

    PFR has learned the identity of two investment banks advising First Solar and SunPower on a strategic review that could lead to a sale of their joint yieldco, 8point3 Energy Partners.
  • SolarCity Seals Dutch Pension Fund Equity

    May 03, 2017 - Richard Metcalf

    A Dutch pension fund manager has agreed to acquire a portfolio of distributed solar assets from SolarCity.
  • NRG Drops Down Ex-SunEdison Assets

    May 03, 2017 - Fotios Tsarouhis

    NRG Energy is lining up further dropdowns after recently transferring its interests in eight solar projects—including seven in Utah that it acquired from SunEdison last year—to its yield company.
  • First Solar Yieldco Stake Could Fetch Big Premium, Says UBS

    May 02, 2017 - Richard Metcalf

    First Solar could sell its shares in 8point3 Energy Partners at a large premium over the public market price, according to a research note by analysts at UBS.
  • Goldwind Scores Tax Equity for One Project, Nears Purchase of Second

    May 02, 2017 - Fotios Tsarouhis

    Goldwind Americas has sealed a tax equity investment for a hedged U.S. wind project in Texas that it bought last year, as it nears an agreement to buy another from the same developer.
  • Buyer Swoops In for Veresen as it Jettisons Generation

    May 01, 2017 - Fotios Tsarouhis

    Pembina Pipeline Corp. has agreed to acquire Veresen, the Calgary, Alberta-based company which is in the process of selling its remaining generation assets as it focuses on its gas pipeline business.
  • Calpine to Build, Sell Louisiana Project

    Apr 28, 2017 - Fotios Tsarouhis

    Entergy Louisiana has agreed to acquire a gas-fired asset in its home state from Calpine Corp., which will build the project over the next four years.
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