M&A

The US Federal Energy Regulatory Commission (FERC) has granted Spanish utility Iberdrola approval to complete its $2.5 billion acquisition of the remaining 18.4% stake in North American subsidiary Avangrid.

SunVest Solar has closed on its acquisition of a 60MWdc portfolio of late-stage development community solar projects in Illinois.

Energy Capital Partners (ECP) has taken a majority stake in Proenergy Holdings, acquired from affiliates of Eos Partners and ACON Investments.

Invenergy's sale of the 300MW Delilah I Solar Energy Center has been delayed until later this year due to storm damage the project sustained, PFR has learned.

J-Power has closed on the sale of its position in the 940MW Tenaska Virginia Generating Station, PFR has learned.

US middle-market energy and infrastructure private equity firm Kohlberg & Company has acquired a majority stake in North American energy efficiency, transition, sustainability services company CLEAResult from TPG Growth's Rise Fund.

White Oak Global Advisors has entered into a stalking horse asset purchase agreement with bankrupt residential solar company Lumio.

Wabash Valley Power Association is to sell Missouri-located transmission lines and substations to Citizens Electric Corporation (CEC) for around $109 million.

Voyager Midstream is acquiring a portfolio of Texas and Louisiana-sited natural gas gathering and processing assets from Phillips 66.

Energy generation and trading company Comerc Energia has formed an energy trading joint venture with ethanol and sugar producer Copersucar.

The $300 million business combination between One Power Company and special purpose acquisition company (SPAC) Tortoise Ecofin Acquisition Corp. III has been terminated, PFR has learned.

BTG Pactual affiliate Engelheart Commodities Trading Partners has closed on its acquisition of global energy and technology company Trailstone Group from private equity fund manager Riverstone.

SunPower's $45 million asset sale to Complete Solaria has received approval from a US bankruptcy court judge.

Oneok has agreed to acquire Global Infrastructure Partners’ (GIP) interests in EnLink Midstream and Medallion Midstream for $5.9 billion.

American Electric Power subsidiary Public Service Company of Oklahoma has an agreement with J-Power to acquire a 795MW combined-cycle power generation facility, PFR has learned.

EDF Renewables North America has closed on the initial phase of the sale of 50% of its Desert Quartzite solar-plus-storage project in Riverside, California.

TCW Group has closed on the sale of its 19.64% stake in the Homer City Generation project to funds managed by distressed asset-focused investor Knighthead Capital Management, PFR has learned.

Alternus Clean Energy subsidiary ALT US 01 has hit a possibly indefinite delay in its agreement to acquire 100% of the membership interests in Japanese Taiyo Green Energy’s portfolio of US solar parks.

Talen Energy Corporation has received its final $300 million payment from Amazon Web Services in connection with the sale of its Pennsylvania-based Cumulus Data Centre.

Allete shareholders have approved the company’s pending transaction to the Canada Pension Plan Investment Board (CPPIB) and Global Infrastructure Partners for $6.2 billion.

Georgia electricity cooperative Oglethorpe Power has closed on its acquisition of the Walton County Power Plant from Carlyle affiliate Mackinaw Power, PFR has learned.

Brazilian fuels distributor Vibra Energia has entered an agreement to acquire the remaining shares in energy generation and trading company Comerc Energia.

BW Solar has closed on the sale of a 12-project New York community solar portfolio totalling 76.7MW to solar and battery storage developer Catalyze.

Bernhard Capital Partners’ acquisition of Entergy's Louisiana gas systems has been approved by the Louisiana Public Service Commission.

US-based community solar company Nexamp has teamed up with Trajectory Energy Partners to acquire a 7MW solar portfolio in Illinois.

Atlas Renewable Energy has inked an agreement to form a joint venture with steel manufacturer ArcelorMittal in Brazil.

Entergy Arkansas is to make its final $20 million payment to Invenergy as its acquisition of the developer’s 100MW Walnut Bend Solar project nears close.

Elera Renováveis has agreed to sell a project in its Irapuru solar complex in Brazil to food producer Minerva.

Solar and storage developer MN8 is purchasing a solar portfolio sited in the northeastern US from international power business Vitol, PFR has learned.

Madison Gas & Electric (MGE) is acquiring 176MW solar and battery energy storage system (BESS) capacity for an estimated $351 million, PFR has learned.