M&A

German developer Blue Elephant Energy continues its expansion in Chile with the acquisition of a portfolio of small-scale solar assets.

Natural gas company PureWest Energy has merged with a newly formed entity sponsored by a private consortium of family offices and financial institutions (PW Consortium) in a $1.84 billion deal.

InfraCorp, the infrastructure investment platform of Grupo Romero, has closed the acquisition of the Puerto Bravo gas-fired plant in Peru.

Ørsted has agreed to acquire Eversource Energy’s 50% interest in the uncontracted federal offshore wind lease, jointly owned by the 2 companies, for $625 million.

SUSI Partners, the Swiss sustainable energy infrastructure investment manager, has acquired Encore Renewable Energy.

Scout Clean Energy and Elawan Energy’s joint venture has finalized the sale of its 199MW Persimmon Creek wind farm in western Oklahoma to utility company Evergy for $250 million.

Northeastern energy giant Agilitas Energy has entered a strategic development partnership with full-service energy provider Oak Square Partners.

EE North America, the US subsidiary of European Energy, has sold 350MW utility solar project to Osaka Gas USA (OGUSA) .

BlackRock has acquired a portfolio of distributed solar generation assets in Chile.

Sequitur Renewables purchased an operating wind farm in the Almont Pass area of California on May 16.

DIF Capital Partners (DIF) has signed an agreement to acquire a 75% interest in Canadian geothermal energy company Diverso Energy.

Chile’s Verano Energy is growing its portfolio in Colombia with the acquisition of a trio of solar projects totaling 296MWp of installed capacity.

LS Power is set to acquire a 2.1GW natural gas generation portfolio from Brazos Electric Power Cooperative in ERCOT.

Private equity firm Hull Street Energy has agreed to acquire a 100% interest in 2 power plants from Mesquite Generation Holdings – an affiliate of Atlas Holdings.

NextEra Energy Partners is looking to sell its STX Midstream and Meade natural gas pipeline assets as it focuses on its renewable energy portfolio.

Colombia’s Celsia has agreed to sell part of its assets in Central America to a subsidiary of renewable developer EnfraGen.

Renewable energy developer Aspen Power has acquired 10 ground-mounted solar projects in northwest Pennsylvania from Sunrise Energy.

Renewables infrastructure firm True Green Capital Management (TGC) will acquire a majority ownership in CleanChoice, a direct-to-consumer clean energy provider.

Copenhagen Infrastructure Partners (CIP) has sold 2 wind farms in Texas to Canadian energy infrastructure company TC Energy.

Brookfield-backed Quantum has acquired the remaining stake in transmission company Sertaneja.

Canadian pipeline and energy company Enbridge has agreed to acquire the Aitken Creek natural gas storage facility from FortisBC Holdings Inc for $400 million.

EE North America – a subsidiary of the Danish renewable energy company European Energy – has bought a majority stake in 2 solar projects with a combined capacity of 700MW in Colorado.

Toyota Tsusho Corporation has completed its acquisition of an 85% stake in SB Energy, the renewables platform of Japanese multinational SoftBank Group.

Standard Solar has acquired the Knox Solar and Storage project in Acton, Massachusetts from developer EDF Renewables North America.

US renewables developer OCI Solar Power, a subsidiary of OCI Energy, has sold a Texas-based 110MW solar PV project to Mitsui.

Neoenergia has agreed to sell half of its transmission assets to a fund of Singaporean institutional investor GIC.

Private equity firm Hull Street Energy has agreed to acquire a 100% interest in Sunrise Power from Generation Bridge Acquisition, an affiliate of ArcLight Capital Partners.

On 4 April 2023, Iberdrola chairman Ignacio Galán sat on a dark green chair embroidered with the Mexican coat of arms, at a large wooden table with Mexican President Andrés Manuel López Obrador and a delegation, to hand over 8.5GW worth of assets — the largest energy deal ever signed in the country.

Sunergy Renewables said last week (19 April) that it has agreed to go public through a merger with special-purpose acquisition company ESGEN Acquisition.

Braya Renewable Fuels has unveiled a $300 million preferred equity investment from Energy Capital Partners (ECP), an energy-transition-focused investor in the electricity, clean energy and renewable infra sectors.

Solar developer ForeFront Power and investment firm HASI have entered a follow-on equity investment agreement for a portfolio of distributed solar and solar-plus-storage projects across California.

Canada’s Algonquin Power & Utilities Corp. and American Electric Power have pulled the plug on the deal for AEP’s utility subsidiary Kentucky Power and its transmission business AEP Kentucky Transco.

The Canada Infrastructure Bank (CIB) this week (17 April) reached an agreement to invest around C$100 million ($74.74 million) in Noventa Energy Partners, a renewable energy company that provides services to decarbonize the heating and cooling of buildings.

Luxembourg steel and mining firm ArcelorMittal’s Brazilian subsidiary will form a JV with Casa dos Ventos, one of Brazil’s largest renewables developers.

Greenwood Sustainable Infrastructure (GSI), a subsidiary of Libra Group, has acquired the solar and battery development portfolios of Saturn Power.

Continuum Renewables has said it intends to acquire all of Heliogen’s outstanding shares of common stock for a cash consideration of $0.40 per share.

Clean power producer FirstLight Power has completed the planned integration of H2O Power, the third-largest provider of hydroelectric power in Ontario.

Quinbrook Infrastructure Partners has entered the renewable fuels market with the acquisition of New-Hampshire-based biogas company PurposeEnergy.

Italian energy company Enel’s LatAm subsidiary has reached an agreement to sell its Peruvian businesses to China Southern Power Grid International (CSGI).

Allete Clean Energy has closed its sale of the 91.6MW Red Barn wind project in Grant County to WEC Energy Group utility, Wisconsin Public Service (WPS), and Madison Gas and Electric Co (MGE).

Waste-to-energy company Covanta has reached an agreement to acquire Circon Holdings, a portfolio company of Kinderhook Industries.

The US subsidiary of Thai-listed BCPG has reached an agreement with Franklin Power Holdings to acquire a stake in two natural gas power plants in Pennsylvania.

Brazilian utility Cia Energetica de Minas Gerais (Cemig) will hold an auction on 10 August 2023 to sell off 41.2MW of operational small hydro power projects.

Iberdrola has agreed to sell more than 8.5GW of assets it operates in Mexico, in a transaction valued at around $6 billion.

Ancala Partners today (3 April 2023) said it has acquired a majority interest in Noventa Energy Partners, a renewable energy company that provides services to to decarbonize the heating and cooling of buildings.

DIF Capital Partners has agreed to acquire a majority equity interest in US-based Green Street Power Partners, a developer, financier, owner and operator of distributed generation solar projects.

Electricity distributor and hydro developer Luz del Sur has agreed to acquire a pair of solar projects in Peru.

Equatorial Energia has signed an investment agreement with Itaú Unibanco in the amount of R$2.1 billion ($403 million).

The Ontario Teachers' Pension Plan Board has agreed to acquire a majority stake in renewable natural gas developer (RNG) Sevana Bioenergy.

Renewable energy developer Birch Creek Energy has acquired Foundation Solar Partners from Hull Street Energy. Financial terms of the transaction were not disclosed.

Renewable investor CleanCapital has acquired a portfolio of ten projects with 26.2MW of power capacity in Rhode Island.

Electricity Generating (EGCO), the power generation arm of the Electricity Generating Authority of Thailand, has completed the acquisition of a 49% interest in Rhode Island State Energy Centre (RISEC) in Johnston, Rhode Island.

Spearmint Energy has acquired Nomadic, a 900MW portfolio of battery energy storage solutions (BESS) assets in Texas.

IFM Investors has acquired a majority interest in GreenGasUSA, a South-Carolina-based RNG developer, owner and operator.

Brazil’s Eletrobras has acquired an additional 22.9% interest in the holding company of the Santo Antonio hydro plant, bringing the company's total ownership to over 95%.

ACEN, the listed energy platform of the Ayala group, has signed a purchase and sale agreement with GlidePath to acquire a portfolio of eight operating wind projects totaling 136MW in northern Texas.

Catalyst Power Holdings, a portfolio company of BP Energy Partners, has struck a strategic partnership with JCD Solar Consulting to augment the marketing, aggregation and servicing of community solar projects.

YPF Luz has announced its intention to purchase all the shares in the thermal generation plant Central Dock Sud from Enel Americas.

Scale Microgrids has acquired more than 100MW of New York community solar projects in the late stages of development that it will construct, own and operate as it continues its recent expansion.

Mexico-based solar power producer Cox Energy America has secured 45MW worth of solar PV capacity in a grid allocation tender held by Colombia.

Marathon Petroleum has acquired a 49.9% interest in emerging RNG producer LF Bioenergy for $50 million.

Blackstone-backed energy storage and hybrid operator Aypa Power announced today that it has acquired the Yadkins standalone battery energy storage project from East Point Energy.

Data center provider Odata has acquired a minority stake in a wind project in Brazil for an undisclosed amount.

German renewables giant RWE has closed its $6.8 billion acquisition of Con Edison Clean Energy Businesses (CEB).

US renewable gas platform Viridi Energy has acquired a landfill RNG project at the Marathon County Solid Waste Department’s landfill in Ringle, Wisconsin.

Canada Pension Plan Investment Board (CPP Investments) has agreed to acquire a 49% stake in California-based energy producer Aera Energy from international asset management group IKAV.

Brazilian solar developer GDSun has acquired a pair of distributed solar generation projects in Brazil.

Invenergy, CDPQ and Blackstone Infrastructure have teamed up to acquire American Electric Power’s (AEP) 1.37GW unregulated, contracted renewables portfolio at a $1.5 billion enterprise value, including project debt.

CleanCapital has acquired a portfolio of operational solar assets located in New Jersey.

Enel Américas – a subsidiary of Enel SpA – has agreed to sell its stake in two Argentinian thermal generation plants to power generation firm Central Puerto.

Spanish renewables firm Grenergy has sold three PV solar farms in Chile for €41.3 million ($44.2m).

Investment fund managers Fiera Infrastructure and Palisade Infrastructure have joined forces to acquire a renewable energy generation and battery storage business from Amp Energy.

Infrastructure investor ArcLight Capital Partners has completed the sale of Great River Hydro to Hydro-Québec for approximately $2 billion.

Gore Street Energy Storage Fund will acquire Big Rock, a 200MW/400MWh energy storage project in Imperial County, California.

Altus Power, an independent developer, owner and operator of commercial-scale solar facilities, has closed on a $293 million acquisition of 220MW solar assets.

enCore Energy Corp has acquired the Alta Mesa in-situ recovery (ISR) uranium project from Energy Fuels for $60 million in cash and a $60 million promissory note.

Spanish renewables producer Grenergy has acquired the remaining 60% stake in Alabama, Birmingham-based Sofos Harbert Renewable Energy (Sofos Harbert) to bolster its footprint in the US energy market.

German renewables developer Sowitec will sell three solar development projects in Mexico.

Energy transition investment firm Denham Capital has acquired New-Jersey-based Solops, a premier developer, financier, owner and operator of photovoltaic solar projects, for an undisclosed sum.

FirstEnergy Corp. has agreed to sell an additional 30% stake in its transmission unit to an affiliate of investment firm Brookfield Asset Management.

Vancouver-based Westbridge Renewable Energy has acquired the Red Willow Project, a 295MWp solar photovoltaic and 100MW/200MWh battery energy storage system (BESS).

BlackRock-owned DSD Renewables has acquired a community solar-plus-storage project in Dartmouth, Massachusetts.

WEC Energy Group has acquired an 80% ownership interest in the first phase of the Samson Solar Energy Center.

ArcLight Capital Partners has committed $150 million to a battery energy storage developer which the company founded last year.

EDP Renováveis has concluded the sale of two operating wind farms in Brazil.

Brazilian distributed generation company Órigo Energia has landed a R$250 million ($49 million) equity injection.

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.

Caliche Development Partners II has received $268 million in capital commitments from Orion Infrastructure Capital and GCM Grosvenor (OIC), targeting underground storage and sequestration assets in North America.

Activate Renewables, an acquirer of real estate and royalty interests in wind, solar and energy storage, has bought a renewable energy real estate portfolio owned by Alchemy Renewable Energy.

Bravo Infrastructure Group in partnership with Orion Infrastructure Capital has acquired Radiance Solar, an engineering, procurement, and construction (EPC) contractor in south-eastern US.

A Brazilian steel manufacturer is partnering with an investment manager on a renewables platform to develop projects in the country.

Duke Energy Sustainable Solutions has acquired the 100MW Wildflower Solar Project from Clearway Energy Group.

NextEra Energy Partners – a limited partnership formed by NextEra Energy – has agreed to acquire a 49% equity interest in Emerald Breeze, a roughly 1.5GW renewables portfolio from subsidiaries of NextEra Energy Resources.

Independent power generator Onward Energy is acquiring the Broad River power generation facility in Gaffney, South Carolina.

Strata Clean Energy, a provider of utility-scale clean energy projects, has acquired Phoenix-based Crossover Energy Partners, a clean energy solutions company experienced in developing end-to-end energy transition products for utilities and large energy users.

BlackRock Alternatives, through a fund managed by its diversified infrastructure business, has agreed to acquire Jupiter Power – a leading operator and developer of stand-alone, utility-scale battery energy storage systems (BESS).

Hull Street Energy has agreed to sell an almost 330MW portfolio of hydroelectric projects spread across the US to LS Power.

ClearGen, a clean energy investor backed by private equity powerhouse Blackstone, has invested in a portfolio of partnership interests in 25 wind farms totaling 1.4GW of existing generation capacity throughout the US.

Steel producer Ternium has acquired a greenfield wind project in Argentina.

North American alternative investment manager Fengate Asset Management has acquired the Prairie Switch Wind Project in Texas from Triple Oak Power and signed a PPA with Meta Platforms.

Energy company Allete has agreed to sell a more than 100MW wind project in Wisconsin to a pair of publicly owned utilities.

Private equity giant Carlyle has invested $350 million in Aspen Power Partners as the generation platform embarks on an acquisition spree.

Allianz Capital Partners has acquired the 147MWdc Galloway 2 Solar Project from Avantus – formerly 8minute Solar Energy.

GridStor, the developer, owner and operator of battery energy storage systems, has acquired a portfolio of storage projects currently in development in the greater Los Angeles area from Upstream Energy of San Diego.

A community solar platform based out of Denver, Colorado has launched an equity raise process.

Boralex has agreed to acquire a 50% stake in a pair of wind projects in New Mexico, totaling almost 300MW, from EDF Renewables.

Engie North America has acquired a 6GW portfolio of solar and battery storage projects in the US.

Chilean fund manager Toesca Asset Management has agreed to acquire a large-scale solar project in Chile.

Oglethorpe Power, a member-owned energy company, has agreed to acquire 2 generating units at Washington County Power, a 4-unit 660MW combustion turbine generation and transmission facility, in Sandersville, Georgia.

France's TotalEnergies (TTE) and Brazil's Casa dos Ventos (CDV) have entered a joint venture to set up a renewable portfolio of Casa Dos Ventos, Brazil.

Companhia Siderúrgica Nacional (CSN) has completed the privatization process of Companhia Estadual de Geração de Energia Elétrica (CEEE-G).

PPL Corporation, the Pennsylvania-headquartered transmission and distribution company, and Belgian transmission operator Elia Group have agreed to develop innovative transmission solutions to integrate future offshore wind capacity with the onshore grid in the New England region.

Invinity Energy Systems has entered into a sales agreement with Maada'oozh, a wholly-owned subsidiary of Indian Energy, for a 10MWh Invinity VS3 flow battery system to be used in a large-scale solar microgrid project in Southern California.

US solar developer Innovative Solar Systems (ISS) has put itself up for sale for $150 million.

The energy company Invenergy has secured a deal to sell a pair of wind projects in Texas and Oklahoma, totaling almost 800MW in generation, to a utility company.

Israel-headquartered Doral Renewables has struck a deal to secure $500 million in investment from Apollo Global Management and fellow Israeli company, Migdal Insurance.

Wafra, a global alternative asset manager, has announced the acquisition of a controlling interest in Mission Clean Energy, a utility-scale renewable asset developer.

Solar power developer Standard Solar is acquiring solar projects with a combined capacity of 6.2MW in Rhode Island from Trina Solar.

Dominion Energy Virginia has acquired a utility-scale battery project from energy storage developer East Point Energy, a wholly-owned subsidiary of Equinor.

Renewable energy fund US Solar Fund (USF) is considering a potential sale of the company amid various strategic alternatives to maximize shareholder value.

Energy giant BP is set to acquire Archaea Energy, a US-based platform that develops, constructs, and operates RNG facilities.

Swedish developer Eolus has agreed to sell a solar and battery storage project in Arizona.

Greenbacker Capital Management has purchased a community solar project in Virginia from solar development company Sun Tribe Development.

ArcLight Capital Partners has agreed to sell its hydroelectric generation platform, Great River Hydro, which owns a portfolio of assets across New England.

Quinbrook Infrastructure Partners-backed Primergy Solar has closed the sale of a minority stake in a 690MW/1,416MWh solar-plus-storage facility in Nevada, after beginning marketing a stake in the project earlier this year.

Energy Harbor Corp, an energy company that is partially owned by Nuveen Asset Management and Avenue Capital, has agreed to sell and then deactivate a pair of its coal plants totaling almost 3GW of generation as it looks to decarbonize its asset fleet.

Advanced Power has closed the sale of its 100% interest in Cutlass Solar II to Sabanci Renewables, a wholly-owned subsidiary of Sabanci Holdings.

Global Infrastructure Partners (GIP) has completed the acquisition of Atlas Renewable Energy from vendor Actis after the deal came to light in May (2022).

American Airlines has made a strategic investment in Universal Hydrogen Company, a company building a green hydrogen distribution and logistics network for aviation.

Editor's Note: This article has been amended since publication to include a statement given by Guzman Energy that was issued after press time.

Steelmaker Companhia Siderúrgica Nacional (CSN) has closed its acquisition of the Quebra-Queixo hydro plant in Brazil.

MasTec has completed the previously-announced acquisition of Infrastructure and Energy Alternatives (IEA), one of the largest utility-scale renewable energy infrastructure solutions providers in North America.

Electric utility Copel, through its subsidiary Copel Geração e Transmissão, is set to acquire a pair of wind farms in Brazil.

Canadian Utilities has agreed to acquire a Canada-based renewables portfolio from Suncor Energy for $730 million.

RWE has agreed to acquire US-based Con Edison’s Clean Energy Businesses (CEB).

Private equity firm Actis has added to its existing position in Brazilian renewable developer Omega Energia.

Eneva has closed its acquisition of CELSEPAR, the holding company which owns the largest LNG-to-power asset plant in Brazil.

InfraRed Capital Partners has entered into an agreement to purchase stakes in four wind projects in the US and Canada from Canadian outfit Algonquin Utilities & Power Corp.

CarVal Investors has purchased an around 70MW portfolio of utility-scale solar projects in Pennsylvania from a solar project developer.

Engie Energía Chile has agreed a deal to acquire an operational wind project in Chile.

Canada’s Algonquin Power & Utilities Corp. has agreed to a new transaction price for its acquisition of American Electric Power's (AEP) utility subsidiary Kentucky Power and its transmission business AEP Kentucky Transco.

The renewables platform of Brookfield Asset Management has splurged on the US renewable energy market with the addition of 2 new renewable platforms to its portfolio.

Japanese conglomerate ORIX Corporation has invested in a 150MW Texan wind power farm via its US Strategic Solutions group – following up last year’s foray into US wind energy.

Berkshire Hathaway Energy (BHE) has agreed a deal to purchase an almost 400MW portfolio of wind projects in Montana from an affiliate of Morgan Stanley.

Capital Dynamics has reached a deal to sell a 400MW operational portfolio of solar projects in US to a Spanish-owned energy platform.

Equatorial Energia has agreed to acquire Enel Brasil's distribution business Celg-D (Enel Goiás).

Oil and gas company BP Energy has struck a deal to purchase the remaining 50% stake of a 470 MW wind project in Kansas that the company co-owns with American Electric Power (AEP).

Cypress Creek Renewables has struck an agreement to sell a 45 MW portfolio of community solar projects in Illinois to Nexamp.

Greenbacker Renewable Energy Co has purchased a 54 MW wind project in Illinois from a national renewable energy project developer.

Solar developer Soltage has purchased a 28 MW solar project that is being built on land held by the Cincinnati Zoo in Ohio.

EDF Renewables has agreed to sell a 50% stake in its Big Beau solar-plus-storage project located in California.

Matrix Renewables has struck a deal with solar developer SolarStone Partners that will see the two companies collaborate on the development of a 4.6 GW US project pipeline.

Slate Asset Management has entered into a strategic partnership with a Canadian renewables developer through the purchase of a minority stake in the platform.

Engie Brasil Energia has signed a share purchase and sale agreement that will see the company let go of its last coal-fired power plant in Brazil.

Update: This article was edited on Sept.16 to include the identity of the sell-side financial advisor and additional details about the PPAs.

NextEra Energy has agreed to sell $2 billion worth of equity units to a trio of investment banks.

Electric vehicle company XL Fleet Corp has purchased rooftop solar developer Spruce Power.

bp North America has agreed to acquire EDF Energy Services (EDF ES), the power and gas supplier operating in the United States of French energy company EDF.

WEG Capital, through its WEG-4 fund, has acquired an operational solar project in Chile from a US renewable energy company.

J-Power USA has entered into an agreement with a Thai infrastructure company to sell a minority stake in a 1,200 MW combined cycle gas-fired plant in Illinois.

Canada’s Polaris Renewable Energy, previously known as Polaris Infrastructure, has closed its acquisition of an operational hydro project in Ecuador.

Pathway Power, a newly formed renewable energy and battery storage developer, has landed a strategic investment from a climate-focused infrastructure platform.

Earthrise Energy has acquired a pair of gas-fired peaker plants in Illinois totaling 984 MW from a subsidiary of ArcLight Capital Partners.

Osaka Gas USA (OGUSA) has inked an agreement with Summit Ridge Energy (SRE) to develop distributed solar projects in the state of Illinois.

Origis Energy has purchased a pair of development-stage solar projects totaling almost 150 MW in Florida from Shell New Energies’ Savion.

UK-based VH Global Sustainable Energy Opportunities (GSEO) has acquired a 198 MW hydro facility in Brazil.

Cordelio Power and Tenaska have entered into a joint development agreement which will see the two companies co-originate wind projects in the US and Cordelio purchase 1 GW of renewable generation.

Clearway Energy Group (CEG) has closed its purchase of a 413 MW portfolio of wind projects from a subsidiary of Edison International Co, having agreed a deal earlier this year.

Revolve Renewable Power has completed the acquisition of Centrica Business Solutions Mexico (CBS Mexico) for a total of MX$29 million ($1.4 million).

Starwood Energy Group has entered into a $100 million joint venture with a US transmission company to finance and accelerate grid modernization.

Energy infrastructure company Priority Power has acquired the solar development and energy procurement arm of a power aggregator and broker.

Longroad Energy has agreed a deal that will see the energy company purchase a 70 MW solar project in California from Sunpin Solar.

Brazilian power generator Eneva has completed its acquisition of a 327 MW gas-fired CCGT power plant, dubbed TermoFortaleza.

KKR & Co has led a structured investment, along with GCM Grosvenor, in a California-based renewables developer.

Australian fund manager New Energy Solar has reached an agreement to sell its 606 MW (DC) portfolio of solar projects in the US to a Goldman Sachs subsidiary.

Paris-based developer GreenYellow has offloaded a portfolio of solar assets in Brazil to another French renewable power producer.

New Fortress Energy (NFE) and funds managed by Apollo have formed their previously announced LNG maritime infrastructure JV.

Consumers Energy is set to close a deal that will see the company purchase a 1,176 MW combined-cycle natural gas-fired project from ArcLight Capital Partners.

A subsidiary of the utility Xcel Energy has entered into a revised agreement with Allete’s renewables subsidiary to purchase a repowered wind project totaling 120 MW in Minnesota.

Pivot Energy has closed a deal to purchase a Maryland-based community solar developer.

A Swiss energy company has entered into an agreement with SMT Energy that will see the European outfit purchase 100 MW of battery storage capacity in Texas.

CleanCapital has made an equity investment in Renewable Independent Power Producers (Renewable IPP), a solar developer operating in Alaska.

Pampa Energía has acquired the remaining 50% stake in Greenwind, making the company the sole owner of the platform.

Talen Energy Supply (TES) has reached an agreement with shareholders to upsize the company’s equity rights agreements by $250 million, triggering a process that will see the platform enter the M&A market.

Cemig SIM, the renewable arm of Brazilian power company Cemig, has acquired a stake in a portfolio of small solar generation assets.

Colorado-based developer Scout Clean Energy has sold an almost 200 MW wind project in Oklahoma to Evergy.

Activate Renewables, a newly-formed renewable energy platform, has purchased a 115 MW portfolio of renewable assets from Ares Management Corp.

AES Brasil has acquired a trio of wind complexes totaling 456 MW in capacity in Brazil, a transaction valued at R$2.03 billion ($397 million).

A subsidiary of Exus Management Partners has acquired a solar complex exceeding 1 GW in capacity located in the state of Piauí, Brazil.

Warburg Pincus has struck a deal to invest $250 million in a subsidiary of Calumet Specialty Product Partners which develops renewable hydrogen projects based in Montana.

Brazilian distributed generation company Órigo Energia has secured a $85 million equity investment to further expand its solar generation asset portfolio.

EDP has agreed to sell its stake in Hydro Global, a joint venture between EDP and the China Three Gorges (CTG) group.

Greenbacker Capital Management has made a strategic growth investment in a Boston-based distributed generation, microgrid, and energy efficiency company.

Hull Street Energy has made a strategic investment in a newly-formed energy storage company based out of Colorado.

CenterPoint Energy’s Indiana-based business has requested regulatory approval to purchase a 130 MW solar project in the state from Invenergy.

Climate Adaptive Infrastructure (CAI) and Meridian Clean Energy have closed on the purchase of a minority stake in an 850 MW peaking plant in California, as part of a partnership between the two companies.

Sequitur Renewables, an affiliate of ArcLight Capital Partners, has agreed to acquire a 185 MW portfolio of wind projects from GlidePath Power Solutions.

Longroad Energy, a renewables developer that is a portfolio company of Morrison & Co, has secured a $500 million equity investment from a trio of investors.

Grupo Energía Bogotá (GEB) has entered an agreement to acquire 100% interests in five transmission concessions in Brazil.

Black Mountain Energy Storage (BMES) has sold a 700 MW portfolio of standalone battery storage projects to UBS Asset Management, making 1.5 GW of sales for the company in the last two months.

German renewable developer ABO Wind has sold its Buffalo Plains wind farm located in Alberta, Canada.

The government of Rio Grande do Sul has found a buyer in the privatization process of the state’s electricity generation company, Companhia Estadual de Geração de Energia Elétrica (CEEE-G).

Spearmint Energy, a newly-formed energy storage developer, has purchased a 150 MW battery storage project in Texas from a subsidiary of Con Edison Clean Energy Businesses, the company’s first ever asset acquisition.

Pelion Green Future has agreed to financially partner with a newly formed renewable energy project development company based out of Texas.

Spruce Power has struck a deal to acquire another developer’s entire portfolio of rooftop solar assets, which totals over 16 MW (DC) of generation.

CleanCapital has purchased a 36.6 MW solar project in the US territory of Guam from Illinois-based developer GlidePath Power Solutions, its largest single asset acquisition to date.

Cypress Creek Renewables has purchased a four-project portfolio of standalone energy storage projects totaling 400 MW in Texas from a local developer.

Invenergy has struck a deal with a subsidiary of American Electric Power (AEP) whereby the company will sell a 204 MW wind project it is developing in Illinois.

Generate Capital has purchased esVolta, a large-scale battery storage developer, as Generate continues to scale up its renewables operations.

Buckeye Partners has completed its acquisition of Bear Head Energy, owner of a clean energy development project in Point Tupper, Nova Scotia.

A fund managed by BlackRock Real Asset Partners has agreed to purchase Vanguard Renewables, a renewable natural gas company that went up for sale earlier this year.

Cubico Sustainable Investments has bought two wind projects located in Uruguay from construction company Grupo ACS.

OMERS Infrastructure has agreed to sell Midland Cogeneration Venture, a 1,633 MW combined-cycle heat and power plant, to a pair of institutional investors.

FGE Power, an Austin, Texas-based renewables developer, has agreed to sell a 531 MW wind project in Texas to a Brazilian energy company.

Macquarie Asset Management’s Green Investment Group (GIG) has closed an investment in a renewable energy developer in the US.

Amber Infrastructure has offloaded a utility-scale solar project it developed and owned jointly with Hudson Energy Enterprises to a New York-based renewable developer.

Terra-Gen has agreed to sell a majority stake in the first phase of its massive solar-plus-storage project, Edwards Sanborn, located in Kern County, California.

Sempra, through its subsidiary Sempra Infrastructure, has inked a multifaceted heads of agreement (HOA) with ConocoPhillips to develop the Port Arthur LNG terminal in Texas and expand future collaboration.

Community solar developer Summit Ridge Energy has secured a $175 million investment from funds managed by Apollo.

A buyer has been found for East Point Energy, a battery storage platform which was put on the market this February.

Partners Group has acquired a majority equity stake in Energy-as-a-Service (EaaS) provider Budderfly and committed growth capital totaling more than $500 million in the company.

The state government of Rio Grande do Sul has launched a fresh attempt to privatize the state’s electricity generation company after failing to attract bids earlier in the year.

California-based Zeem Solutions, an EV “fleet-as-a-service” provider, has received a $50 million investment from a fund managed by ArcLight Capital Partners.

Broad Reach Power has entered into a services agreement with an energy technology and infrastructure company for its data center in Texas.

Scottish outfit Renewco Power has closed on a deal to purchase 1.5 GW of utility-scale solar projects and 500 MW of battery storage from a Virginia-based developer.

A buyer has been found for a 1.2 GW contracted portfolio of solar projects that a KKR & Co subsidiary put up on the market earlier this year.

Clearway Energy Group (CEG) has agreed to purchase a 413 MW portfolio of wind projects from a subsidiary of the public utility Edison International Co.

Latin American asset manager Patria Investments has completed its acquisition of nine run-of-river hydro assets from ContourGlobal.

Intersect Power has landed a $750 million growth equity investment from TPG’s investment platform, TPG Rise, and a consortium of new and existing investors.

Cemig’s renewable arm Cemig SIM has agreed to acquire a 16.2 MW solar portfolio in Brazil.

EIG Partners is launching a renewable energy platform in Chile through the merger of EIG-owned Cerro Dominador and recently acquired ANPAC Energia.

CleanCapital has acquired landfill and brownfield renewable developer BQ Energy (BQE).

The AES Corporation has purchased a wind project located in Mississippi from Danish manufacturer and developer Vestas.

Actis is to acquire a 10% stake in Brazilian renewables developer Omega Energia, with a potential primary investment of up to R$850 million ($162 million) to follow.

Renewables financial advisory firm Marathon Capital has entered into an agreement with Japanese bank SMBC that will see the bank purchase a minority stake in the outfit.

Summit Power has agreed to sell the White Creek Wind I project to Excelsior Energy Capital.

Schneider Electric has acquired California-based electric vehicle charging company EV Connect for an undisclosed sum.

EDF Renewables North America has agreed to sell a 200 MW solar project in Missouri to a subsidiary of Ameren Corp.

Independent power producer Calpine Corp has received an investment from Energy Capital Partners (ECP) and a consortium of investors.

Pivot Energy has entered into a partnership with a self-storage company to develop a portfolio of solar projects spread across the US.

Generate Capital has made a strategic investment totaling $500 million into the utility-scale solar and energy storage developer Pine Gate Renewables.

LS Power has struck a deal to purchase an 835 MW gas-fired peaker plant in Ohio from ArcLight Capital Partners.

Fortistar has entered into an agreement to sell a 55 MW peaker plant in New York state to a Canadian blockchain tech company which focuses on cryptocurrency mining.

AES Corp and three other solar renewables developers have decided to form a consortium to drive the expansion of domestic solar panel manufacturing.

Recurrent Energy, a wholly owned subsidiary of Canadian Solar, has purchased a pair of standalone battery storage projects in Texas totaling 400 MWh.

EIG has entered into a memorandum of understanding (MoU) with Aramco that will see the two companies collaborate on energy projects moving forward.

Leyline Renewable Capital has entered into a partnership with Solterra Energy for the development of the company’s 1 GW distributed generation and utility-scale solar fleet.

A pair of Texas-based energy companies have launched a sale process for a 600 MW portfolio of standalone battery energy storage systems that are located in the ERCOT market.

US electric vehicle (EV) company Blink Charging is set to acquire EV charging infrastructure solution business SemaConnect for $200 million.

A pair of buyers have agreed to purchase minority stakes in a 723 MW combined-cycle gas-fired facility in Wisconsin that is supported by a 4 MW solar array from Alliant Energy.

Renewables developer Longroad Energy has made a strategic investment in a California-based distributed generation platform.

Trafigura Group has invested in a Boston, Massachusetts-based energy storage solutions company.

Atlas Renewable Energy has acquired a wind project from French energy producer Voltalia, the developer's first wind project in Brazil.

Brazilian power holding Grupo Energisa has completed its acquisition of transmission company Gemini Energy.

Innergex has closed its acquisition of Aela Energía, adding 332 MW of wind capacity to the Canadian developer’s renewables portfolio in Chile.

Spain’s Repsol has agreed to sell a minority stake in its renewable subsidiary to Crédit Agricole Assurances and Energy Infrastructure Partners (EIP).

ForeFront Power, a developer and asset manager for commercial and industrial-scale solar and energy storage projects, has partnered with an equity investor for a portfolio of projects the outfit is developing across 10 states.

Savion has closed its sale of a 200 MW solar project in Ohio, the first project the solar developer has offloaded since it was bought by Shell New Energies.

A solar and distributed energy storage developer based out of Wakefield, Massachusetts, has landed a $350 million equity investment from funds managed by CarVal Investors.

The US subsidiary of Japanese energy company JERA Co has agreed to purchase an over 1.6 GW portfolio of operational dual-fuel peaking plants in Massachusetts and Maine from a Stonepeak Infrastructure Partners fund.

Sempra has closed the sale of a minority stake in its subsidiary Sempra Infrastructure Partners.

SPIC Brasil, a subsidiary of State Power Investment Corporation of China, is stretching the scope of its activities with its first solar investment in Brazil.

Greenbacker Capital Management has made an equity investment in a financing and asset aggregation platform for commercial and industrial solar projects in the US.

Arroyo Energy has agreed to sell a pair of combined cycle plants in Maryland and South Carolina totaling 1,080 MW to a JP Morgan Asset Management-owned energy company.

Brazilian power generator Eneva is to purchase the 1.6 GW Porto de Sergipe I CCGT plant, the country’s largest LNG-to-power asset.

FirstEnergy Corp has closed the sale of a minority stake in its transmission business to Brookfield Infrastructure Partners after the two companies reached an agreement for the platform last November.

ReVolve Renewable Energy has signed a definitive agreement to acquire distributed generation company Centrica Business Solutions Mexico (CBS Mexico), a subsidiary of UK energy services and solutions group Centrica.

Borrego, a solar and energy storage developer and EPC provider has agreed to spin off and sell the company’s development business, including its almost 15 GW portfolio of solar and energy storage assets spread across the US.

French asset manager Vauban Infrastructure Partners has closed its acquisition of a portfolio of district energy and heating projects from DCO Energy and Basalt Infrastructure Partners.

French energy company TotalEnergies has agreed to purchase a 50% stake in renewables developer Clearway Energy Group for $1.6 billion and a minority stake in SunPower Corp.

Canadian developer BluEarth Renewables has purchased a 1 GW combined solar and wind project in Colorado from NorthRenew Energy.

Blackstone Credit, the asset management wing of Blackstone, has agreed to purchase a minority stake in an LNG facility's holding company in Georgia from EIG.

After more than two years in the process, Stoneway Capital Corporation closed a restructuring deal under Chapter 11 and CBCA plans, which went effective May 17.

HIG Capital has closed its purchase of private equity firm Lindsay Goldberg’s paper-producing subsidiary, including the company’s 433 MW portfolio of thermal plants that are located in Pennsylvania, Ohio, Maine and Wisconsin.

A joint venture between Captona and South Jersey Industries (SJI), has purchased a solar-plus-storage facility in Massachusetts, marking the JV’s fourth acquisition since its founding.

KKR & Co-owned Cretaceous Bidco is set to acquire London-based electricity generation company ContourGlobal.

Axium Infrastructure has acquired Boston-based solar and energy storage developer BlueWave.

Infrastructure Investments Fund (IIF) has acquired the country's largest privately owned gas storage company, Enstor Gas, from ArcLight Capital Partners.

Equatorial Energia has sold its interest in the 332 MW Geramar oil-fired plant in Maranhão, marking the company’s final exit from thermal generation.

The US Department of the Interior has announced the winners in the Carolina Long Bay wind energy auction which attracted bids totalling $315 million.

Partners Group has found a buyer for its minority stake in an 850 MW contracted gas-fired peaking power plant in California after launching a sale process last year.

Mitsubishi HC Capital, through its US subsidiary MIUSA Corp, has acquired a 49% stake in a Massachusetts-based distributed solar project from Excelsior Energy Capital.

Greenbacker Renewable Energy has acquired a 55 MW wind farm located in the state of New York.

Greenbacker Renewable Energy has purchased three utility-scale solar projects in New York state totaling 50 MW from Hecate Energy.

Galp has agreed to purchase 4.8 GW of wind and solar projects across Brazil, doubling the capacity of its global renewable portfolio.

Takkion, a portfolio company of fund manager Apollo Global Management, has acquired operations and maintenance (O&M) firm Harvest Energy Services, which is based in Colorado.

Caisse de dépôt et placement du Québec (CDPQ) has agreed to purchase Terna’s transmission portfolio, which is spread between Brazil, Peru and Uruguay.

Tyr Energy has entered into an agreement to sell a 236.5 MW dual-fuel combined cycle power plant in Wisconsin to a subsidiary of WEC Group.

AC Energy (ACEN), a Philippines-based developer, has entered a partnership to repower wind farms in the United States, thus marking its entry into the US renewable energy market.

Indicative bids are being taken for the platform sale of a waste-to-energy and renewable natural gas developer based out of Boston, Massachusetts.

Generate Capital, a San Francisco-based renewables firm, has inked a deal to purchase three battery storage projects in California from esVolta.

French energy company TotalEnergies has acquired Austin-based Core Solar for an undisclosed amount.

Broad Reach Power has purchased over 900 MWh of battery storage systems from a renewable solutions firm for the developer’s projects in Texas.

Tech company Amazon has procured 3.2 GW worth of renewable energy generation in the US to support the company’s operations in the country.

Allete has closed its acquisition of distributed solar developer and finance company New Energy Equity (NEE) after agreeing to purchase the platform for $165.5 million in March.

Dutch energy company Vitol has agreed to buy three wind farms totaling 244.4 MW from a BlackRock-managed fund for an undisclosed sum.

Tesla has entered into a joint venture with a Puerto Rican private equity firm to form a new subsidiary, Tesla Climate Capital.

Hydrogene de France (HDF) has acquired a 70% stake in an industrial-scale green hydrogen project being developed by Kenesjay Green Ltd (KGL) in Trinidad and Tobago.

Ørsted has agreed to buy a 121 MW wind farm from Ford Ridge Wind Equity Holdings which is owned by asset manager Ares Management.

A subsidiary of KKR & Co has opened a sale process for a 1.2 GW operational portfolio of solar projects that the outfit owns and operates in the US.

Matrix Renewables has purchased a solar project and solar-plus-storage project in California from Recurrent Energy, the US subsidiary of Canadian Solar.

Sempra Infrastructure has signed a memorandum of understanding with Korea Gas Corp to explore collaborative efforts across a number of energy sectors.

HIG Capital, an alternative investment firm, has agreed to purchase a paper producing portfolio company of Lindsay Goldberg, including the outfit’s 433 MW portfolio of thermal plants spread across Pennsylvania, Ohio, Maine and Wisconsin.

FirstLight Power has entered into a partnership with Borrego to develop distributed generation solar and energy storage projects at the company’s hydro facilities in Connecticut and Massachusetts.

The Spanish gas company Enagas and Canadian pension fund OMERS Infrastructure have agreed to sell their 80% stake in the Chilean gas terminal GNL Quintero (GNLQ).

UK-based Nala Renewables has expanded its battery storage fleet in the US after entering into an agreement with power and infrastructure developer Rhynland Energy.

SK Group’s, SK E&S, has closed on its purchase of a California-based electric vehicle infrastructure company.

A fund manager listed on Australia’s stock exchange has begun a sale process to offload the company’s more than 600 MW (DC) US solar portfolio.

Hanwha Solutions, the parent company of Hanwha Q Cells, has entered into an agreement to purchase a stake in a solar manufacturer, making it the largest shareholder of the company.

Hull Street Energy has struck a deal to acquire the remaining share of a 240 MW gas-fired cogeneration plant in California, after purchasing a majority stake in the plant from BlackRock last year.

A Singaporean investment management group has partnered with Hartree Partners to form a solar joint venture in the US.

Azimuth Renewables has sold a late-stage 300 MW solar portfolio in the MISO market to a Los Angeles-based utility-scale solar platform.

Maxeon Solar Technologies entered an agreement to supply about 400 MW of solar panels to the developer Origis Energy.

Tyr Energy has established a standalone renewable energy development platform which will focus on the greenfield development of utility-scale solar projects.

AES Brasil has won the auction to acquire a 305 MW wind portfolio in Rio Grande do Norte, having emerged as a stalking horse bidder for the asset last January.

French infrastructure fund STOA is poised to take a 33% stake in Voltalia’s Serra do Mel (SSM1&2) solar complex in Rio Grande do Norte.

Apollo Global Management has closed the sale of its 25% interest in a 1,050 MW combined-cycle gas-fired power plant in Pennsylvania.

AES Brasil has closed its joint venture with local food company BRF to develop a 165.3 MW wind farm in Rio Grande do Norte.

Energy firm Celsia and local bank Bancolombia have partnered to create a new investment platform to develop solar assets for businesses in Colombia.

8 Rivers Capital, a Durham, North Carolina-based sustainable infrastructure firm, has secured a $100 million investment from South Korea’s SK Group.

Tenaska Energy has closed on its purchase of a majority stake in an 845 MW combined-cycle gas-fired plant in Texas that was put up for sale last April.

Ares Management Corp has led an up to $600 million equity investment in SoftBank Group’s US renewables platform, SB Energy, and has also committed $200 million in preferred equity to BlackRock-owned solar platform DSD Renewables.

Brazilian utility Eneva expects to close its acquisition of power holding firm Focus Energia on March 11.

BlackRock Real Assets’ portfolio company DSD Renewables has bought three rooftop solar projects in New Jersey and Connecticut from Dynamic Energy, and plans to buy three more in Massachusetts and Virginia later this year.

A UK-listed fund has agreed to purchase a portfolio of battery storage projects in Texas from an SER Capital Partners portfolio company.

AltaGas has struck a deal to sell a 70 MW combined-cycle gas-fired power plant in Colorado to a family trust.

Omega Energia is planning to take full control of the Assuruá renewables complex in Bahia, Brazil.

Brazilian power regulator Aneel has approved the draft concession contract for the 1,676 MW Foz do Areia hydro project, which is due to be privatized.

Southwest Gas Holdings is planning to separate its wholly-owned subsidiary Centuri Group from the company.

Scale Microgrid Solutions (SMS) has bought a trio of community solar projects in upstate New York from Nexus Renewables, representing the first phase of a larger $100 million deal between the two firms.

Equatorial Energia has completed its acquisition of Actis-owned renewables platform Echoenergia Participações.

Ares Management Corp has led an up to $600 million equity investment in SoftBank Group’s US renewables platform, SB Energy.

Colombian business regulator Superintendencia de Sociedades de Colombia has approved the planned merger of Enel’s Colombian subsidiaries.

Vibra Energia – the Brazilian fuels distributor previously known as BR Distribuidora – plans to exercise a purchase option to acquire a controlling stake in power trader Comerc.

Colorado-based solar and energy storage developer Bear Peak Power has bought another solar sponsor that is also based in the state.

After securing a stalking horse bid from Rockland Capital for a pair of gas-fired peaking power plants in Texas, sponsor Agilon Energy has elected to sell the assets to another buyer instead.

BlackRock-owned solar platform DSD Renewables has raised about $200 million in preferred equity from Ares Management Corp to fuel strategic growth opportunities.

A BlackRock-owned fund has sold its entire stake in an operational 150 MW solar project in Minnesota to Greenbacker Renewable Energy.

Allete has agreed to acquire distributed solar developer and finance company New Energy Equity (NEE) for $165.5 million, subject to working capital adjustments.

Missouri-based coal producer Peabody Energy has launched a renewables development platform called R3 Renewables through which it plans to develop and acquire 3.3 GW of solar and 1.6 GW of energy storage capacity over the next five years.

Greenbacker Renewable Energy has purchased a portfolio of development-stage solar and energy storage projects spread across New York, Illinois and Maine from Borrego.

Blackstone portfolio company Aypa Power has agreed to acquire a 100 MW standalone energy storage project in Virginia.

American Electric Power (AEP) has announced plans to offload its roughly 1.6 GW portfolio of unregulated renewable energy projects.

German utility EnBW, which partnered with French oil and gas company TotalEnergies on one of the winning bids in last week's New York Bight offshore wind lease sale, has decided to sell its interest in the concession to its partner.

Spanish development fund COFIDES has agreed to invest equity in transmission concessionaire Energía de Colombia.

The provisional winners of the Bureau of Ocean Energy Management’s (BOEM’s) New York Bight offshore wind auction have been revealed, concluding the highest-grossing competitive offshore wind area lease sale in US history.

JP Morgan’s Infrastructure Investments Fund (IIF) has inked a deal to acquire South Jersey Industries (SJI) in a deal valued at $8.1 billion.

Germany's BayWa r.e. has sold a 200 MW solar project and a 200 MW/400 MWh battery storage asset in Texas to the US subsidiary of another European energy company.

ArcLight Capital Partners has closed its acquisition of a portfolio of thermal assets in Connecticut and New York from Public Service Enterprise Group (PSEG), after putting in place acquisition financing.

Brazilian power holding company Grupo Energisa is set to acquire Gemini Energy, which owns stakes in three transmission concessions.

Acciona Energía is entering the Peruvian market with the purchase of a 131.1 MW wind farm in the Ica region.

Innergex has completed a bought deal equity offering and a concurrent private placement to fund its purchase of a Chilean wind platform.

Standard Solar has acquired a small-scale solar-plus-storage project in Massachusetts from EDF Renewables North America.

French energy firm Rubis has agreed to buy a 51% stake in the Renewstable Barbados hydrogen power project.

Macquarie Asset Management and Ontario Teacher’s Pension Plan (OTPP) have clinched their purchase of a minority stake in a Washington-based electric utility from the Canadian Pension Plan Investment Board (CPPIB).

Latham & Watkins has brought in a senior partner from White & Case as it continues to grow its M&A and private equity practices in New York.

Details have emerged on the acquisition financing that ArcLight Capital Partners slotted into place to finance its purchase of a 4.8 GW portfolio of thermal assets in New Jersey and Maryland.

Public Service Enterprise Group (PSEG) has completed the sale of a portion of its 6.75 GW fossil fuel fleet to a subsidiary of ArcLight Capital Partners.

Invenergy has struck a deal to sell a 150 MW solar project in Illinois to Ameren Corp's Missouri-based subsidiary.

Dominion Energy has inked a deal to buy a 200 MW solar project in Ohio from Savion, Shell New Energies’ newly purchased solar platform.

Silicon Ranch Corp has closed its $775 million corporate equity raise after securing regulatory approvals for the transaction.

Despite it being hardly two months into the new year, the M&A market for power and renewables is already heating up with a seemingly endless stream of project and platform sale launches. But despite the buzz around renewables, deal watchers say there is still a “bullish” buyer base that believes in the medium-term viability of gas-fired projects over the next two decades.

The Brazilian state of Rio Grande do Sul has postpone an auction for its electricity generation company, CEEE-G, which was slated to be held on February 15.

Ullico has struck a deal to acquire regulated gas distribution company Hope Gas (also known as Dominion Energy West Virginia) for $690 million.

UK-based renewables investor Susgen has fully divested from solar and energy storage developer Urban Grid after agreeing to sell the platform to Brookfield Renewable earlier this year.

CleanCapital has purchased a more than 65 MW portfolio of distributed solar assets spread across 12 US states.

Montreal-based Boralex has agreed to sell a 34.5 MW biomass plant in Québec, signaling the company’s exit from the biomass generation sector.

Norwegian renewables developer Aker Offshore Wind has found a buyer for a portion of its 47% stake in Californian floating offshore wind platform designer Principle Power.

TotalEnergies has established a strategic partnership with Grupo Martí to develop energy transition projects in the Dominican Republic.

Brookfield Asset Management is toying with the idea of spinning off its $70-100 billion asset management business.

Spain's Acciona Energía has bought a 350 MW solar project in Texas from Avondale Solar.

French oil and gas company TotalEnergies has expanded its reach in the US with a deal to buy SunPower’s commercial and industrial solutions business.

Fengate Asset Management and Ironclad Energy Ventures have formed a joint venture to acquire and operate cogeneration, district energy and other industrial generation projects across the US and Canada.

Portugal's EDP has completed its acquisition of CELG-T, a Brazilian transmission company that operates in the state of Goiás.

An investment bank has been tapped to explore a sale process for a US distributed solar developer that is backed by a Japanese investor.

JP Morgan has launched a sale process for a wind farm in Texas that is the subject of litigation proceedings over its force majeure claim during winter storm Uri.

A Colorado-based renewables project developer has kicked off an equity raise to support the development of a portfolio of battery storage projects in ERCOT.

Shell has signed a joint venture agreement with steel producer Gerdau to develop a 260 MWp solar park in Minas Gerais.

MPC Energy Solutions has completed its acquisition of the 15.8 MW (DC) Los Santos Solar I project in Mexico, marking its first renewables purchase in the country.

Standard Solar has acquired a roughly 7 MW community solar project in Trenton, Maine.

Greenbacker Renewable Energy has bought a 20 MW (DC) portfolio of solar projects in Washington state.

Second round bids are due soon for a Boston, Massachusetts-based distributed generation solar and energy storage platform.

Innergex has inked a deal to purchase a platform of newly-built wind projects in Chile, which would make it one of the largest renewables-focused independent power producers in the country.