Mergers & Acquisitions

  • First Solar Weighs Options for Development Biz

    Feb 21, 2020 - Taryana Odayar

    First Solar is working with advisers as it weighs a potential sale of its U.S. project development business.
  • "Evolving Market Constructs" Blamed for CCGT Auction Flops

    Feb 21, 2020 - Taryana Odayar

    Sale processes for minority stakes in an operational combined-cycle gas-fired project in Ohio and another that is due to come online soon in New York state were pulled late last year, with sources blaming "evolving market constructs."
  • Huge Invenergy Wind Project Gets Nod from Oklahoma Regulator

    Feb 20, 2020 - Shravan Bhat

    Regulators in Oklahoma have approved a build-transfer deal for a portion of the 1,485 MW North Central Wind Energy project that Invenergy is developing in the state.
  • WEC Increases Share in Wind Trio

    Feb 20, 2020 - Taryana Odayar

    WEC Energy Group has agreed to increase its stakes in three Midwest wind farms developed by Invenergy from 80% to 90%.
  • DTE Wraps Atlantic City CHP Purchase

    Feb 19, 2020 - Taryana Odayar

    DTE Energy Services has closed its acquisition of a combined-heat-and-power facility in Atlantic City, N.J., from a subsidiary of South Jersey Industries (SJI).
  • NextEra, Dominion Finalists in Santee Cooper Privatization

    Feb 18, 2020 - Taryana Odayar

    After months of negotiations, NextEra Energy and Dominion Energy have emerged as the two remaining bidders in the privatization of South Carolina's largest electric utility, Santee Cooper.
  • Nautilus Solar Buys Rhode Island Project

    Feb 18, 2020 - Taryana Odayar

    Nautilus Solar Energy has acquired a 3.5 MW (DC) community solar project in the Ocean State from its developer.
  • Ardian Americas Fund II Nears Launch

    Feb 14, 2020 - Viola Caon

    French asset manager Ardian is looking to formally launch its second generation Americas fund.
  • Brazilian Hydro Asset Sale Process Begins

    Feb 14, 2020 - Juliana Ennes

    Brazilian state-controlled power generator Copel has started the process of selling its main asset—the 1,676 MW Foz da Areia hydro project.
  • Rosenblum's Solops Teams Up with Germany's HEP

    Feb 13, 2020 - Shravan Bhat

    The solar development group led by Matt Rosenblum—which joined forces with Blackstone to form Onyx Renewable Partners in 2014 before parting ways with the private equity-backed venture four years later—is kicking off a new partnership with an equity commitment from German private equity firm HEP Kapitalverwaltung.
  • Ontario Solar Portfolio Put on the Block

    Feb 12, 2020 - Taryana Odayar

    The owner of a stake in a portfolio of solar projects in Canada recently put the assets up for sale in an investment bank-run auction, PFR has learned.
  • Invenergy Takes Fresh Approach to Renewables Portfolio Sale

    Feb 12, 2020 - Taryana Odayar

    Invenergy is looking to sell a 1.4 GW portfolio of operational and contracted development-stage wind and solar assets piecemeal after originally marketing the assets as a portfolio.
  • Buyer Emerges for Coronal Operating Assets

    Feb 12, 2020 - Shravan Bhat

    Coronal Energy has found a buyer for part of its operating solar portfolio, almost two years after the projects were put up for sale.
  • Developer Nears Sale of Merchant Solar Projects in Alberta

    Feb 11, 2020 - Taryana Odayar

    A U.K.-headquartered developer is in the final stages of a sale process for a portfolio of merchant solar projects in Alberta.
  • Utility Start-up Targeting Data Centers Taps Advisers for Equity Raise

    Feb 11, 2020 - Shravan Bhat

    Birch Infrastructure, a start-up that aims to provide power generation and other utility services to the booming data center industry, has appointed advisers for an equity raise, the proceeds of which will be plowed into individual projects.
  • Naturgy's Battle Over Electricaribe Progresses

    Feb 10, 2020 - Carmen Arroyo

    Spain's Naturgy Energy Group has devalued its stake in power distributor Electricaribe and initiated suits against insurers, as it waits for a resolution of its arbitration claim against the Colombian government.
  • FirstEnergy Completes Pleasants Plant Transfer

    Feb 10, 2020 - Taryana Odayar

    FirstEnergy Corp. has completed the transfer of its 1,159 MW coal-fired Pleasants power Station to a bankrupt subsidiary.
  • Brookfield Closes X-Elio Purchase

    Feb 10, 2020 - Taryana Odayar

    Brookfield Asset Management has closed its acquisition of a 50% stake in Spanish developer X-Elio, including half of its U.S. solar portfolio.
  • Developers Find Buyers for Alberta Solar

    Feb 07, 2020 - Taryana Odayar

    Alberta presents a potential bright spot in the otherwise slow Canadian project finance market, as developers attempting to make the most of the province’s deregulated energy market round up equity for solar projects with non-traditional offtake structures.
  • Bidders Emerge for Electricaribe Auction

    Feb 07, 2020 - Carmen Arroyo

    Five local players and one international developer could bid to buy power distributor Electricaribe in an auction later this month, with international investors looking for partners to participate in the process.
  • Hydro-Québec Becomes Major Innergex Backer

    Feb 06, 2020 - Shravan Bhat

    Canadian public utility Hydro-Québec is buying a substantial minority interest in Innergex Renewable Energy through a private placement and has also committed C$500 million ($376 million) to a joint venture with the independent power producer.
  • Case Study: Gulf Plains Wind

    Feb 06, 2020 - Shravan Bhat

    Fund manager Harbert Management Corp. almost doubled its renewable energy holdings at the end of 2019 when it acquired a stake in an 812 MW wind portfolio, a deal it ultimately opted to finance in the bank market through a holding company called Gulf Plains Wind.
  • Ares Tees Up Battery Storage Investment

    Feb 06, 2020 - Richard Metcalf

    Ares Management has reached a deal with a developer of battery storage assets to acquire a pipeline of projects in New York state.
  • Sale of Stem Spurred by Inbound Interest

    Feb 05, 2020 - Taryana Odayar

    First round bids are due at the end of the month for distributed battery storage company Stem, whose owners decided to put it on the market recently in response to inbound interest from strategic investors.
  • Gas-fired Project Developer Goes Up for Sale

    Feb 05, 2020 - Shravan Bhat

    Industry observers have begun to speculate about who might step up to buy one of the most prolific developers of combined-cycle gas-fired projects in the U.S., after the company was put up for sale by its private equity owner.
  • Primary Energy Stake Sale Closes

    Feb 05, 2020 - Taryana Odayar

    SDCL Energy Efficiency Income Trust (SEEIT) has closed its acquisition a 50% stake in Primary Energy Recycling Corp., a portfolio of behind-the-fence generation assets located at steel mills in Indiana.
  • Soltage, Basalt Enter Oregon Market with Portfolio Purchase

    Feb 04, 2020 - Taryana Odayar

    Soltage and Basalt Infrastructure Partners have entered the Oregon power market with the acquisition of a 40 MW portfolio of solar assets.
  • RWE Taps Auctioneer for Wind Portfolio Sale

    Feb 04, 2020 - Taryana Odayar

    RWE Renewables (formerly E.On Climate & Renewables North America) has lined up a financial adviser to run the sale of a wind project portfolio in the Texas.
  • ArcLight Closes Fund VII

    Feb 04, 2020 - Viola Caon

    ArcLight Capital Partners has announced the final closing of its latest fund, ArcLight Energy Partners Fund VII.
  • Petrobras Moves Forward with Wind Asset Sale

    Feb 03, 2020 - Juliana Ennes

    As part of its wider divestment plan, Petrobras has begun a sale of its equity stakes in two wind farms in Brazil.
View Mergers and Acquisitions Archive

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