M&A

Norwegian energy company Statkraft has acquired the company’s first solar and wind projects in Peru.

Integrated clean energy platform Peregrine Energy Solutions will develop two mid-stage energy storage assets in the Electric Reliability Council of Texas (ERCOT) market.

A solar and battery development specialist with a private fund and a listed strategy focused on North America is realising the first sales from both strategies.

US solar and battery storage developer Hecate Energy is looking for buyers for a 3GW standalone battery storage and solar portfolio, PFR has learned.

Investment fund managers have been rapidly building multi-billion-dollar war chests, and are taking aim at the US power sector.

Celepsa has acquired the company's first gas-fired power plant in Peru.

Mega deals in North American power M&A gather pace into 2023 fueling greater overall activity as renewables portfolios are packaged together for the next big sale.

Ørsted has signed an agreement to acquire Public Service Enterprise Group’s (PSEG) 25% equity stake in Ocean Wind 1, a 1.1GW offshore wind energy project.

Duke Energy Sustainable Solutions (DESS) has invested in Pike Solar, a new solar power plant being constructed to serve customers of Colorado Springs Utilities.

An evergreen renewable energy platform with a global strategy has launched with news of its first acquisition – a construction-ready wind farm in Canada – and a keystone investor.

Cubico Sustainable Investments has agreed to purchase a 1GW solar project in Brazil.

Vancouver-based Revolve Renewable Power has completed the sale of its 250MW Parker Solar and Storage Project and the 1GW Bouse Solar and Storage Project to Engie.

Renewables developer Enfinity Global has a 400MW operational utility-scale solar portfolio, a significant step in the company's US expansion.

ATCO, through its investment in Canadian Utilities, has completed its previously announced acquisition of a renewables portfolio from Suncor Energy for C$730 million ($536m).

Climate solutions investor Hannon Armstrong has invested in a 1.3GW renewables portfolio owned and operated by AES.

Continued interest from global energy players drove activity this year with large M&A transactions having a moment in the renewables sector across Latin America. A variety of reasons for the renewed enthusiasm – from foreign sponsors with capital to put to work, political changes ushering in deals, new regulation incentivizing investments – created another competitive year for the M&A market in Latin America. Energy giants, including many European players, led the trend this year with major platforms exchanging hands all around the region.

Altus Power will acquire 220MW of newly developed and in-construction solar assets from True Green Capital Management in a roughly $293 million deal.

EQT is set to acquire Madison Energy Investments (MEI) from infrastructure and real assets fund manager Stonepeak Partners.

Engie Energía Chile has completed the acquisition of a portfolio of wind projects.

Pampa Energía has acquired a state-owned wind project located in the province of La Rioja in Argentina.

Independent solar power producer, CVE North America, has acquired a portfolio of solar PV projects in upstate New York from Saturn Power Corporation.

EDF Renewables North America has signed an agreement with Luminace, a Brookfield Renewable company, for the sale of a 21.6MWdc portfolio of 3 community solar projects.

Sustainable infrastructure focused private equity firm Green Rock Energy Partners has acquired Pennsylvania-based PSA South Hills Landfill Gas Venture, a RNG production facility.

Brazil’s competition regulator (CADE) has approved a deal between pharmaceutical company Eurofarma Laboratórios and energy firm Omega Energia 4 related to the 211.5MW Assuruá 4 wind project.

Enel Chile has completed the sale of the company’s transmission business to Chilean transmission company Grupo Saesa.

EDP Brazil has completed the sale of its Mascarenhas hydro power plant to a UK-based investment firm.

Renewable energy developer Longroad Energy has acquired the 98MW DC Titan Solar project from Sunpin Holdings.

Bleutec Industries – builder, owner and operator of offshore wind turbine installation vessels – has secured a capital commitment from private equity firm EnCap Investments.

AES Brasil, and its subsidiary AES Operações, have completed the acquisition of a trio of wind farms totaling 460MW.

Grupo Energía Bogotá (GEB) has completed its acquisition of five transmission lines in Brazil.