Mergers & Acquisitions

  • Renewables Developer Closes Sale of Solar Trio

    Apr 03, 2020 - Taryana Odayar

    A renewables developer has closed the sale of a trio of solar assets located in Ercot North.
  • FERC Places Condition on El Paso Electric Sale

    Apr 02, 2020 - Taryana Odayar

    The U.S. Federal Energy Regulatory Commission has conditionally approved the $4.3 billion sale of El Paso Electric to JP Morgan Investment Management, but insists that the asset manager come up with a mitigation plan to address potential market power screen failures.
  • Case Study: Central Penn Gas Pipeline

    Apr 01, 2020 - Shravan Bhat

    One of the last remaining publicly-listed renewable energy yield companies in the U.S., NextEra Energy Partners, made a major fossil fuel investment last year when it acquired a stake in the 185-mile Central Penn gas pipeline in Pennsylvania for $1.37 billion. The financing included tightly priced term debt and a complex convertible equity deal.
  • Omega Suspends M&A Due to Covid-19

    Apr 01, 2020 - Juliana Ennes

    Brazilian renewable power generator Omega Geração has suspended all of its prospective M&A transactions due to the Covid-19 pandemic.
  • Engie, Antofagasta Ink Deal to Switch from Coal-fired Power to Renewables

    Apr 01, 2020 - Carmen Arroyo

    Engie Energía Chile has agreed to acquire a stake in a coal-fired power plant from Chilean copper producer Antofagasta Minerals while inking an 11-year renewable energy power purchase agreement with the mining company.
  • Southern Co. Offloads LNG Subsidiary

    Apr 01, 2020 - Taryana Odayar

    Southern Co. has sold its Pivotal LNG subsidiary, which includes stakes in two small-scale liquefied natural gas facilities, to Dominion Energy.
  • German Developer Composes Amadeus Wind Deal

    Apr 01, 2020 - Shravan Bhat

    German renewables developer BayWa r.e. has closed the financing for its 250 MW Amadeus project in Texas and has hired a financial adviser to sell the asset.
  • PG&E Offloads Small Hydro Project

    Apr 01, 2020 - Taryana Odayar

    Pacific Gas & Electric Co. has sold a small hydro project in Nevada County, Calif., to a public agency serving a neighboring county.
  • AltaGas Canada Gets New Name as Take-Private Closes

    Mar 31, 2020 - Taryana Odayar

    The Public Sector Pension Investment Board and the Alberta Teachers' Retirement Fund Board have completed their C$1.7 billion ($1.3 billion) acquisition of publicly listed AltaGas Canada, and changed the company's name.
  • Shell Abandons Lake Charles LNG Investment

    Mar 31, 2020 - Taryana Odayar

    Royal Dutch Shell has abandoned its planned equity investment in Energy Transfer's Lake Charles LNG export terminal project on the U.S. Gulf Coast as it attempts to preserve cash following the drop in energy demand and crash in oil and gas prices.
  • Northland to Buy Canadian Offshore Wind Farm

    Mar 30, 2020 - Taryana Odayar

    Northland Power has signed a deal to acquire a development-stage offshore wind farm located off the coast of British Columbia.
  • Resi Solar Shop Initiates Strategic Review

    Mar 30, 2020 - Richard Metcalf

    After signing a new debt facility earlier this month, a U.S. residential solar company has hired an investment bank to conduct a strategic review that could lead to a capital raise or sale.
  • NextEnergy Buys Mexican Solar

    Mar 30, 2020 - Carmen Arroyo

    British asset manager NextEnergy Capital has announced the acquisition of a 36.1 MW (DC) solar project in Mexico.
  • Enmax Completes Acquisition of Emera Maine

    Mar 27, 2020 - Taryana Odayar

    Enmax Corp. has closed its roughly C$1.3 billion ($959 million) acquisition of Emera Maine.
  • Invenergy Closes Wind Farm Build-Transfer with Utility

    Mar 27, 2020 - Taryana Odayar

    Invenergy has completed its transfer of a central Michigan wind farm to DTE Electric.
  • Eletrobras Privatization Suspended

    Mar 26, 2020 - Juliana Ennes

    The Brazilian government has scrapped plans to sell state-owned energy company Eletrobras this year due to the economic impact of the recent plunge in oil prices and the Covid-19 global pandemic.
  • Tellurian Buys Time for Driftwood LNG with Loan Extension

    Mar 25, 2020 - Taryana Odayar

    Houston-headquartered LNG developer Tellurian has snagged an 18-month extension of its 2019 term loan, buying time as it seeks to keep its Driftwood LNG export terminal project in Lake Charles, La., afloat.
  • AltaGas Canada Take-Private Gets Green Light

    Mar 25, 2020 - Taryana Odayar

    The Public Sector Pension Investment Board and the Alberta Teachers' Retirement Fund Board have won the blessings of both the Alberta and British Columbia utilities commissions for their C$1.7 billion ($1.3 billion) acquisition of AltaGas Canada (ACI), following a low-key investment bank-run sale process.
  • Eni and Falck Renewables Close J.V. Deal

    Mar 24, 2020 - Taryana Odayar

    Italian oil major Eni and developer Falck Renewables have wrapped a deal to enter into a 50:50 joint venture to develop renewable energy projects in the U.S.
  • DTE Acquires Michigan Wind Farm Trio

    Mar 23, 2020 - Taryana Odayar

    DTE Energy's competitive generation subsidiary, DTE Sustainable Generation Holdings, has acquired a contracted wind farm in its home state of Michigan.
  • New Owners Selected for Electricaribe

    Mar 23, 2020 - Carmen Arroyo

    Colombia’s Empresas Públicas de Medellín (EPM) and the consortium Consorcio Energía de la Costa, led by Colombian businessman Alberto Ríos, have won the reprivatization auction for power distributor Electricaribe, which will be split into two companies as a result.
  • John Laing Working with Adviser on U.S. Solar Sale

    Mar 20, 2020 - Richard Metcalf

    British infrastructure investor John Laing has begun marketing a five-project solar portfolio for sale in North Carolina.
  • Developer Preps Solar Portfolio Sale

    Mar 20, 2020 - Taryana Odayar

    A Washington, D.C.-based solar shop plans to launch a sale process for a utility-scale, development-stage solar portfolio, once the market's Coronavirus-fueled panic quells.
  • Auction for U.S. Wind Fleet Ramps Back Up

    Mar 20, 2020 - Taryana Odayar

    The owner of a 1.15 GW fleet of U.S. wind assets of various vintages is making a renewed effort to sell the portfolio after an initial auction launched last summer ground to a halt.
  • CIP to Buy Texas Solar Plant

    Mar 19, 2020 - Shravan Bhat

    Copenhagen Infrastructure Partners has agreed to buy a development-stage solar park in Texas from two developers.
  • Castlelake Makes Offer for Alto Sertão III Phase A

    Mar 18, 2020 - Juliana Ennes

    Brazil’s Renova Energia has announced that fund manager Castlelake and a local investment vehicle it controls, Vientos Agricolas, have made a binding offer to acquire Phase A of the Alto Sertão III wind complex.
  • Clearway Closes Sale of Thermal Plant

    Mar 18, 2020 - Taryana Odayar

    Clearway Energy has closed its sale of the 104 MW Energy Center Dover gas-fired facility in Delaware.
  • Spanish Investors Seal Distressed U.S. Wind Asset Purchase

    Mar 18, 2020 - Taryana Odayar

    A renewable energy company owned by Spanish investors has closed its acquisition of a wind farm in Pennsylvania that was placed into receivership last year.
  • Longroad Courts Equity for Southern Solar Site

    Mar 18, 2020 - Richard Metcalf, Shravan Bhat

    Longroad Energy Partners is looking for long-term equity for a late development-stage solar asset in the Southern U.S.
  • GSAM Snaps Up C&I Solar Portfolio

    Mar 18, 2020 - Shravan Bhat

    Goldman Sachs Renewable Power, a renewable energy investment vehicle of Goldman’s asset management division (GSAM), has purchased a large U.S. operating commercial and industrial-scale solar portfolio.
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