Mergers & Acquisitions

  • Bankers Pitch for Gas Distribution M&A Mandate

    Jan 17, 2020 - Taryana Odayar

    Investment bankers are jostling for a mandate to put a natural gas distribution business serving an Eastern U.S. state up for sale.
  • Astoria Energy Interests to be Sold to Consortium

    Jan 17, 2020 - Taryana Odayar

    A consortium of equity investors has banded together to buy stakes in the 1.2 GW Astoria Energy gas-fired facilities in Queens, N.Y., drawing to a close a sale process that kicked off in 2018.
  • Cubico Snaps Up Uruguayan Wind

    Jan 15, 2020 - Carmen Arroyo

    British developer Cubico Sustainable Investments has acquired a 50 MW operational wind farm in Uruguay from a group of three investors.
  • Northland Power Buys Colombian Utility

    Jan 15, 2020 - Carmen Arroyo

    Toronto-based Northland Power has closed the acquisition of a 99.2% stake in the Colombian utility Empresa de Energía de Boyacá (EBSA) with a bridge loan.
  • Bids Due in Sale of Arizona CCGT

    Jan 14, 2020 - Taryana Odayar

    Bids are due over the coming weeks in the sale of a combined-cycle gas-fired project located in Arizona.
  • “Magic” Johnson’s Infra Fund Scores C&I Deal

    Jan 14, 2020 - Shravan Bhat

    JLC Infrastructure, an investor and asset management firm backed by former Los Angeles Lakers star Earvin “Magic” Johnson, Jr., has acquired a stake in commercial and industrial-scale solar developer Greenskies Renewable Energy.
  • Nautilus Buys C&I Solar Portfolio from Former Backer Virgo

    Jan 13, 2020 - Taryana Odayar

    Nautilus Solar Energy has acquired a 31.5 MW portfolio of community solar and large-scale C&I projects from its former owner, private equity firm Virgo Investment Group, bringing the developer and the assets it managed back under one roof at Montréal-based Power Energy Corp.
  • Bankers Expect Local Players in Electricaribe Auction

    Jan 13, 2020 - Carmen Arroyo

    The delayed auction to sell Colombia's power distributor Electricaribe is likely to attract mainly local players when it takes place next month, say deal watchers.
  • Brookfield Makes Bid for TerraForm Power Shares

    Jan 13, 2020 - Taryana Odayar

    One by one, amid much fanfare, the yield companies came to the stock market. Now, after a tumultuous few years and some big M&A deals, they are disappearing as their public floats are acquired by their sponsors. It looks like TerraForm Power will be next, although existing investors would still be able to hold on to the assets through a proposed new vehicle.
  • CapDyn, 8minute Ink Solar Acquisition

    Jan 10, 2020 - Taryana Odayar

    8minute Solar Energy has announced the acquisition of a solar project it is developing in Nevada by Capital Dynamics.
  • Excelsior Energy Completes Nebraska Wind Buy

    Jan 09, 2020 - Viola Caon

    Excelsior Energy Capital has closed on its purchase from Invenergy of 90.1% stakes in two operational wind assets in Nebraska, with back-levered acquisition financing provided by a European commercial bank.
  • Tenaska Sells Minority Stakes in Wind Duo

    Jan 07, 2020 - Taryana Odayar

    Tenaska has sold minority stakes in a pair of financed, under-construction wind farms located in Missouri and Minnesota.
  • New Owner for Solar Project at N.J. Joint Military Base

    Jan 07, 2020 - Taryana Odayar

    Starwood Energy Group Global and Boston-based developer Energy Management have found a buyer for a solar project situated at Joint Base McGuire-Dix-Lakehurst, a tri-service military base in New Jersey.
  • Fund Inks Acquisition of D.R. Wind Farm

    Jan 07, 2020 - Carmen Arroyo

    Dominican investment fund manager GAM Capital, through its GAM Energía fund, has agreed to acquire a stake in an operational 50 MW wind farm in the Dominican Republic from French developer Akuo Energy.
  • Greenbacker to Acquire Solar Portfolio

    Jan 06, 2020 - Taryana Odayar

    Greenbacker Renewable Energy has inked a deal to acquire a 110 MW portfolio of solar projects located in New York state.
  • JEA Pulls Plug on Privatization

    Jan 03, 2020 - Taryana Odayar

    The board of municipally-owned Florida utility Jacksonville Electric Authority (JEA) has nixed the planned privatization of the company during an emergency meeting held on Christmas Eve in the face of mounting political opposition.
  • Omega Inks Acquisition of Brazilian Wind Asset

    Jan 03, 2020 - Carmen Arroyo

    Omega Geração de Energia has inked a deal to acquire a 50 MW expansion of the Assuruá wind complex in Brazil from investment fund FIP IEER.
  • Spanish Investors Snap Up Wind Asset Hit by FES Bankruptcy

    Jan 03, 2020 - Taryana Odayar

    A renewable energy company owned by Spanish investors is buying a wind farm in Pennsylvania that was placed into receivership last year after its power purchase agreement with First Energy Solutions was rejected in the offtaker's bankruptcy proceedings.
  • Invenergy Set to Transfer MISO Wind Project to Utility

    Jan 03, 2020 - Shravan Bhat

    DTE Electric has agreed to purchase an Invenergy wind farm that is under construction in central Michigan.
  • Invenergy Finds New Buyer for PJM Wind Farm

    Jan 02, 2020 - Shravan Bhat

    A new buyer has surfaced to take a stake in a wind farm being developed by Invenergy in PJM Interconnection, after a previously proposed sale was canceled.
  • Buyer Emerges for Primary Energy Stake

    Jan 02, 2020 - Taryana Odayar

    The owners of Primary Energy Recycling Corp., a portfolio of behind-the-fence generation assets located at steel mills in Indiana, have signed a deal to sell a stake in the business following a sale process that was launched last year.
  • DIF Closes Purchase of Uruguayan Wind Farm

    Jan 02, 2020 - Carmen Arroyo

    DIF Capital Partners, through its fund DIF Infrastructure V, has closed the acquisition of the 50 MW Cerro Grande wind farm in Uruguay from German companies Enercon and EAB New Energy.
  • Italian Energy Co. Enters U.S. Renewables J.V.

    Dec 24, 2019 - Richard Metcalf

    Italian oil and gas company Eni, through a subsidiary called Eni New Energy US, has entered into a 50:50 joint venture to develop renewable energy projects in the U.S.
  • PFR’s Most Read Stories of the Year

    Dec 24, 2019 - Power Finance & Risk

    As 2019 draws to a close, we took a look at the stories that captured the attention of PFR subscribers over the past 12 months.
  • LS Power Ends Year with Vehicle Charging Acquisition

    Dec 23, 2019 - Richard Metcalf

    Power and renewable energy project developer and owner LS Power is acquiring U.S. vehicle charging network EVGo from Vision Ridge Partners.
  • Fortress to Sell Stake in Hannibal Port CCGT

    Dec 23, 2019 - Shravan Bhat

    Fortress Transportation and Infrastructure Investors has identified a buyer for an interest in the 485 MW Hannibal Port Power (HPP) gas-fired project in Monroe County, Ohio, that it financed at the beginning of the year.
  • Bankers Eye Wave of M&A in Chile in 2020

    Dec 20, 2019 - Carmen Arroyo

    Chile could see a wave of merger and acquisition activity in 2020 as risk-averse investors look to sell up in the face of civil unrest in the country, say Latin America-focused investment bankers.
  • CIP Buys PJM Wind Asset

    Dec 17, 2019 - Shravan Bhat

    Copenhagen Infrastructure Partners has acquired a two-phase, development-stage wind project located within PJM Interconnection.
  • Pattern Go-Shop Period Lapses

    Dec 13, 2019 - Shravan Bhat

    The 35-day go-shop period for bidders to submit proposals to acquire Pattern Energy Group expired on Dec. 9, leaving Canada Pension Plan Investment Board (CPPIB) one step closer to completing its take-private.
  • NorthWestern to Buy Stake in Colstrip for $1

    Dec 12, 2019 - Richard Metcalf

    Montana utility NorthWestern Energy is seeking approval to acquire for $1 a 25% stake in unit 4 of the 2,094 MW Colstrip coal-fired plant.
View Mergers and Acquisitions Archive

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    Fall M&A Line-Up Remains Elusive

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