M&A

Renewable and utility developer Invenergy has acquired the Atlantic Power Transmission (APT) project from Blackstone, relaunching the New Jersey transmission initiative as Jersey Link, to support New Jersey’s offshore wind goals.

A consortium including Sunstone Credit, IGS Ventures, and an affiliate of Greenbacker Capital Management, have closed on the acquisition of residential solar lender Sunlight Financial Holdings following its Chapter 11 restructuring.

BW Solar has sold two battery energy storage (BESS) projects with a combined capacity of 525MW to renewable energy storage company Spearmint Energy.

Independent power producer Nightpeak Energy (Nightpeak) has closed on its acquisition of NRG subsidiary Saguaro Power Company (Saguaro).

London-based electricity generation company ContourGlobal has agreed to offload a portfolio of wind farms in Brazil.

Southwest Gas Holdings, (Southwest Gas ) will pursue an initial public offering (IPO) of newly issued Centuri Holdings shares during spring or summer of 2024 as the companies look to separate.

Ares Management has acquired organic waste management and biogas company Burnham RNG (Burnham) from Edge Natural Resources.

Commercial solar owner and operator Summit Ridge Energy through its joint venture with Osaka Gas USA, acquired 19 community solar projects in Virginia for $250 million.

Chesapeake Utilities has completed its acquisition of Florida City Gas, which will henceforth act as a wholly-owned subsidiary of the company.

Rubicon Capital Advisors has hired Justin Snyder as senior director in its New York office where he will focus on advisory opportunities across the North American renewable energy, energy transition and infrastructure sectors.