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.

Fundraising for infrastructure funds globally was challenging in H1 2024, with data from sister publication IJInvestor revealing that $57.85 billion was raised by 40 funds that hit final close. North America-focused funds too have not been popular among investors over the last 2 half years, representing just 11% of capital raised.

Distributed clean energy company Onyx Renewables has hired former Scout Clean Energy executive Eileen Stone as senior vice president (SVP) of M&A.

Middle-market infrastructure investment firm NOVA Infrastructure has completed the purchase of community solar and battery storage business UGE International.

TC Energy Corporation and an Énergir subsidiary partner have completed the sale of the Portland Natural Gas Transmission System (PNGTS) to BlackRock and investment funds managed by Morgan Stanley Infrastructure Partners (MSIP).

Solar developer Brasol has acquired a portfolio of distributed generation solar assets in Brazil from developer BC Energia.

Greenbacker Renewable Energy has acquired the 685.2MW Cider solar farm for an estimated purchase price of $54.3 million from Hecate Energy, PFR has learned.

Avangrid Renewables has entered a sale-leaseback deal with Huntington National Bank for the Wasco County, Oregon-sited 140MW Daybreak Solar facility and its associated transmission assets, PFR has learned.

Brazilian utility Cemig has closed the sale of its 45% stake in energy company Aliança Energia to mining company Vale.

Enlight Renewable Energy subsidiary Clenera has closed its sale-leaseback agreement for the 300MW Atrisco battery energy project with the City of Rio Rancho, New Mexico, PFR has learned.

Marubeni Power Corporation will sell its 25% stake in a 775MW Maryland gas-fired combined cycle plant to OPC Energy, PFR has learned.

LS Power has agreed to acquire the renewable energy business of Algonquin Power & Utilities for a total consideration of up to $2.5 billion, excluding debt.

HIF Global has received a $36 million equity commitment from the Japan Organization for Metals and Energy Security (JOGMEC) through Idemitsu Efuels America Corp.

Radial Power has agreed to acquire 4 community solar projects totalling 22.3MW from Galehead Development.

Southeast PowerGen has closed on sale of its MPC Generating and Sandersville gas-fired sites to Gulf Pacific Power, PFR has learned.

Spain’s Acciona has agreed to acquire Darby International Capital’s transmission business in Peru.

Ares Management is selling the St Joseph Energy Center a greenfield natural gas-fired combined-cycle power plant in New Carlisle, Indiana, PFR has learned.

JERA Nex has purchased Lightsource BP’s 395MWac portfolio of Arkansas and Louisiana solar projects as it makes its debut in the US renewables market.

Bernhard Capital Partners (BCP) yesterday (5 August) agreed to acquire New Mexico Gas Company (NMGC) from Emera in a deal worth $1.25 billion.

The US Federal Energy Regulatory Commission (FERC) has approved UK private equity firm Bridgepoint's 19.9% acquisition of New Jersey-based Energy Capital Partners (ECP).

J-Power is selling its stake in the Tenaska Virginia Generating Station, PFR has learned.

SunPower, once a giant in US residential solar technology and energy services, has filed for bankruptcy following months of financial difficulties.

OCI Global has agreed to sell its Beaumont, Texas-based clean ammonia project to Woodside Energy for $2.35 billion.

EDP Renewables North America has secured a sale-leaseback transaction with the City of Blytheville, Arkansas for a solar project and its associated interconnection equipment, PFR understands.

Carlyle has agreed to sell Cogentrix Energy, a US independent power producer, to Quantum Capital for around $3 billion.

Hull Street Energy has agreed to acquire 4 New York thermal power plants from J-Power USA.

Comerc Energia and KWP Energia have formed a joint venture for the development of floating solar projects in Brazil.

OCI Energy has sold a 260MW Texas-based solar project to Hyundai Engineering as the pair enter a Memorandum of Understanding (MoU) for future collaboration on renewable energy development.

KKR has closed on its acquisition of a majority equity interest in Avantus, a US-based developer of utility-scale solar and solar-plus-storage projects.

DE Shaw Renewable Investments (DESRI) has closed on the sale of transmission assets associated with the Arroyo Solar Project to the Public Service Company of New Mexico (PNM), PFR has learned.

EDF Renewables North America is selling 50% of its Desert Quartzite solar-plus-storage project to Power Corporation of Canada subsidiary Power Sustainable, PFR has learned.

ArcLight Infrastructure Partners has launched the renewables-focused investment platform SkyVest Renewables, providing $500 million in capital commitment.

Spanish oil company Repsol is in early conversations to acquire the remaining 60% of US renewables developer Hecate Energy.

The $300 million business combination between One Power Company and special purpose acquisition company (SPAC) Tortoise Ecofin Acquisition Corp. III has been halted, resulting in SPAC company de-listing on the New York Stock Exchange (NYSE).

AEP subsidiaries Public Services of Oklahoma (PSO) and Southwestern Electric Power Company (SWEPCO) have jointly transferred 100% ownership of the $12 million Dover Substation to the Western Farmer’s Electric Cooperative (WFEC), PFR has learned.

Mexico’s renewables market had been described by some industry professionals as at “rock bottom” but with a change at the political top the market is bracing for a rebound.

London Economics International is overseeing the sales process of 7 hydro plants sited throughout New York and New Hampshire for a northeast US-based renewables developer.

Tenaska will sell its 229MW Berkshire Combined Cycle Power Plant in Massachusetts to investment firm Gate City Power (GCP), PFR has learned.

Utility-scale energy storage developer GridStor has closed its acquisition of the Galveston, Texas-based Evelyn Battery Energy Storage project from Balanced Rock Power, PFR has learned.

Macquarie Asset Management’s sale of the entire 940MW Lordstown Energy Center to ArcLight Capital has been held up by the Federal Energy Regulatory Commission (FERC).

ACP Capital Markets has hired former Bank of America managing director Asit Sen as head of its energy transition and industrial decarbonisation team.

Renewables power developer Apex Clean Energy has closed on the sale of 4 Virginia solar PV projects to Summit Ridge Energy, PFR has learned.

Ørsted is looking to sell a portion of the 924MW Sunrise Wind project off New York, PFR has learned.

US Energy Corporation has acquired assets in Montana’s Kevin Dome that will kick-off the company's carbon sequestration efforts as well as producing helium to be sold into the aerospace, semi-conductor, and medical industries.

LevelTen has finalised a $65 million series D funding led by B Capital in order to branch into new markets, such as clean hydrogen.

LS Power has closed on its acquisition of its 810MW natural gas-fired power plant sited in Gettysburg, Pennsylvania from an affiliate of Platinum Equity, PFR has learned.

Brazilian power generator Eneva has agreed to acquire a portfolio of thermal power plants from BTG Pactual.

EQT Corporation’s $5.45 billion all-stock acquisition of natural gas provider Equitrans Midstream faces legal opposition from numerous Equitrans shareholders, PFR has learned.

The US Federal Trade Commission (FTC) is seeking more information before advancing ConocoPhillips’ $22.5 billion all-stock buy of Marathon Oil.

NexEra Energy will sell 100% of the class B preferred interest in its clean power subsidiary Nitro Renewables to Blackstone.

Renewables developer Auren Energia has concluded its acquisition of energy trading company Esfera Energia.

Blackstone Infrastructure Partners will buy a 30.2% stake in US-based power company Tallgrass Energy Partners from Spanish energy company Enagás for $1.1billion.

US-based White River Energy has formed a wholly owned spin-out in the United Arab Emirates' finance centre, Abu Dhabi Global Market (ADGM), named White River International (WRI), PFR has learned.

Renewable energy developer Green Lantern Solar has closed on the sale of 2 fully contracted community solar projects in Maine to Madison Energy Infrastructure.

Ørsted has closed on its 50% stake in the 924MW offshore Sunrise Wind project from co-developer Eversource Energy.

Rockland Capital is to acquire the 54MW Ellwood natural gas power station in California from independent power producer GenOn, PFR has learned.

Commercial and community solar developer Standard Solar will buy a 4.98MW solar project in Doña Ana County, New Mexico from developer Energy Management, Inc. (EMI).

CDPQ, through its power transmission platform Verene Energia, has agreed to acquire a 124km transmission project from Equatorial Energia.

Holland Industrial Group will auction off the coal-fired units of the 700MW AB Power Plant in Evansville, Indiana ahead of the plant's conversion into a natural gas asset.

Dominion Energy has purchased the Kitty Hawk North Wind offshore lease area from Avangrid for $160 million.

Geothermal technology company XGS Energy has acquired Capuano Engineering Company, a geothermal drilling and completion business.

SolarBank Corporation has closed its acquisition of Ontario, Canada's solar development and investment business Solar Flow-Through Funds (SFF).

Denver, Colorado-based Elevation Midstream has merged with Platte River Holdings, a subsidiary of ARB Midstream.

Battery storage development company Lightshift Energy will transfer a 50% interest in a 3MW Massachusetts energy storage system to Greenbacker Capital Management (GCM), PFR has learned.

Zanskar Geothermal & Minerals will acquire the Lightning Dock Geothermal site from Cyrq Energy.

Santiago-based utility Transelec has acquired a transmission project located in the Antofagasta region of Chile from TotalEnergies.

Management firm Riverview Investment Holdings will buy 100% of the interest in subsidiary UGI Development Company from parent UGI Energy Services.

New Fortress Energy (NFE) has reached an agreement to sell its liquefaction and storage facility in Miami, Florida to a US middle-market infrastructure fund.

Independent power project investor Tyr Energy has agreed to acquire Siemens Financial Services’ 20% in the natural gas-fired Hickory Run Energy power plant, PFR has learned.

Pembina Gas Infrastructure, a joint subsidiary of KKR and Canada's Pembina Pipeline Corporation, will acquire a 50% interest in Whitecap’s 15-07 Kaybob Complex for $420 million.

ContourGlobal has completed the sale of a portfolio of wind projects in Brazil to alternative asset manager Patria Investimentos and Invenergy.

California Resources Corporation has closed its $2.1 billion all-stock business combination of Aera Energy.

Oglethorpe Power will acquire a 465MW peaking power plant in Georgia from global investment firm The Carlyle Group’s affiliate Mackinaw Power Holdings.

Independent power producer Northland Power has closed the sale of its La Lucha solar project in Mexico to Cometa Energía, a subsidiary of Saavi Energía.

Chilean power company Colbún has agreed to acquire Inversiones Latin America Power (ILAP) following ILAP’s restructuring process completed earlier this year.

Gore Street Capital will transfer ownership of its 400MWh California-sited BESS site to Imperial Irrigation District (IID).

California-based asset management firm TCW Group will divest its 19.64% ownership of Pennsylvania’s Homer City Generation to funds managed by distressed asset-focused investor Knighthead Capital Management, PFR has learned.

Axium Infrastructure’s Coachella subsidiary has closed on the sale of its 49% interest in Morongo Transmission to the Morongo Band of Mission Indians.

US-based bitcoin mining company CleanSpark has merged with data centre company GRIID in an $155 million all-stock transaction.

Belltown Power has put an 850MW battery energy storage (BESS) portfolio in Texas up for sale.

Kimmeridge subsidiary Kimmeridge Texas Gas has closed on its follow-on control investment in Commonwealth LNG and hired David Lawler as chief executive to lead the venture.

Jupiter Power's partnership with local power provider Consumers Energy is to acquire 100MW of battery energy storage in Coldwater, Michigan.

Commercial-scale clean electricity provider Altus Power is to acquire an 8.5MW solar array sited in New Jersey.

CleanSpark’s subsidiary CSRE Properties Sandersville is acquiring 5 bitcoin mining data centers in Georgia for $25 million.

Catalyst Power is to buy New-York based electricity and natural gas supplier Robison Energy from V3 Commodities Group.

UK electricity provider Octopus Energy has made its first US renewables investment with the acquisition of a pair of solar projects from Vesper Energy.

Actis has launched energy platform Orygen in Peru following the company’s acquisition of Enel’s Peruvian generation business.

Brazil’s competition regulator CADE has approved the sale of AES’s Brazilian portfolio to renewables developer Auren Energia.

Middle-market infrastructure investor Tiger Infrastructure Partners is to acquire fully-integrated energy-as-a-service platform Unison Energy.

SLB and Aker Carbon Capture have closed their joint venture after Aker sold 80% of its share in Aker Carbon Capture Holding AS (ACCH) to an SLB subsidiary.

Washington-based Puget Sound Energy (PSE) has closed on the sale of its $800 million schedule A and B senior notes.

American Electric Power (AEP) has begun seeking Federal Energy Regulatory Commission (FERC) approval on its $315 million sale of distributed energy business AEP OnSite Partners to funds managed by Basalt Infrastructure Partners (BIP).

Japanese corporate Itochu has made the first investment from its North America renewables-focused fund Overland Capital Partners.

Alliant's midwestern utility company Wisconsin Power & Light has completed its nearly $127 million sell-down of the West Riverside Energy Center, PFR has learned.

Oil and gas company Ultragaz has acquired a majority stake in renewable energy services and commercialisation platform Witzler Energia.

EDPR NA Distributed Generation will acquire 4 Illinois community solar projects totalling 20MWac from Renewable Properties.

Renewables business Primary Energy has tapped Apterra Infrastructure Capital for the refinancing of its platform, PFR has learned.

NextEra Energy has closed on the sale of its 180MW Big Cypress solar PV facility to Crittenden County, Arkansas in a sale-leaseback deal, PFR has learned.

Redeux Energy Partners is to sell a 450MWdc solar portfolio to Pine Gate Renewables.

Eletrobras has completed the sale of a portfolio of gas-fired power plants in Brazil to Âmbar Energia.

Independent power producer Silicon Ranch will enter 3 sale-leaseback transactions for 704MW of solar photovoltaic projects in Georgia and Kentucky, PFR has learned.

Tri-State Generation and Transmission Association (Tri-state) will purchase 2 Colorado-based solar projects from JUWI.

Lotus Infrastructure Partner has closed its acquisition of PNE USA, with the developer rebranded as Allium Renewable Energy.

Louisiana power company Cleco Corporate Holdings has closed on the $600 million sale of its unregulated electric utility business, Cleco Cajun, to private equity firm Atlas Holdings, PFR has learned.

Sindicato Energético (Sinersa) has completed the acquisition of a hydroelectric asset from Glencore-owned mining company Volcan in Peru.

Brookfield Infrastructure Partners is selling its Canadian gas gathering and processing business, NorthRiver Midstream, to unlisted infrastructure business Kiara Infrastructure Private Limited, PFR has learned.

Renewables developer Auren Energia has agreed to acquire energy trading company Esfera Energia.

Black Mountain Energy Storage has put up a late stage 1070MW/2140MWh battery energy storage system (BESS) portfolio up for sale.

Midstream natural gas company Kinetik has closed on the sale of a 16% equity interest in the Gulf Coast Express pipeline (GCX) to an ArcLight Capital Partners affiliate.

JERA, Japan's prominent power and LNG entity, has agreed to sell down its interest in the Freeport LNG project to Japan Petroleum Exploration Co (JAPEX).

Canadian pipeline and energy company Enbridge has closed on its acquisition of Dominion Energy’s Questar Gas and Wexpro assets for around $4.3 billion.

BlackRock has closed its $500 million preferred equity investment in Canadian Solar subsidiary, Recurrent Energy, which represents a 20% stake in the solar and energy storage developer.

Brazilian utility Copel and Petrobras have concluded the sale of the Araucária gas-fired power plant they co-owned in Brazil.

Global investment firm KKR will acquire Canadian energy and services company Emera’s equity interest in the Labrador Island Link (LIL) transmission site.

NOVA Infrastructure is acquiring listed solar and storage developer UGE International in a deal that values the company at C$72 million.

WEC Energy is set to acquire a 90% stake in Invenergy's 298MW Maple Flats solar, PFR has learned.

Portland General Electric (PGE) has signed a non-binding memorandum of understanding (MoU) to acquire a 20% stake in the 3GW North Plains Connector transmission line, developed by Grid United and Allete.

The $53 billion merger between oil and natural gas giant Chevron and independent energy company Hess faces legal challenges.

Large-scale, US-based renewables EPC business Signal Energy is up for grabs with the sale process launched last week.

Enel has concluded the sale of its distribution businesses in Peru to China Southern Power Grid International (CSGI).

Rockland Capital is to acquire electric power generation and distribution company Lanyard Power from Olympus Power, PFR has learned.

Renewable developer Green Lantern Solar is selling 8 metered solar projects in Vermont to Sea Oak Capital.

Abu Dhabi National Oil Company (ADNOC) has acquired an 11.7% stake in phase 1 of NextDecade’s Rio Grande LNG project.

Global renewables business RWE Clean Energy has acquired a 599MW portfolio from Galehead Development.

Canadian power company TC Energy is appealing the Delaware Chancery Court ruling to pay $199.2 million in damages as part of an ongoing class action lawsuit related to its 2016 acquisition of Columbia Pipeline.

AES has agreed to sell its Brazilian portfolio totalling 5.2GW of capacity to renewables developer Auren Energia.

One Energy and special purpose acquisition company (SPAC) TortoiseEcofin Acquisition Corp III have filed with the Securities & Exchange Commission to merge ahead of being publicly traded as One Power Company.

Brazilian renewable developer 2W Ecobank is evaluating a proposal to sell a controlling stake in the company.

Tri-State Transmission has closed on its acquisition of transmission assets from United Power, finalising the split between the electric cooperative and the power distributor, PFR has learned.

Clenera has entered into a sale-leaseback agreement for its 300MW Aristco battery energy project with the City of Rio Rancho, New Mexico, PFR has learned.

Brazilian utility Copel is planning to divest from a portfolio of small generation assets the company owns through its subsidiary Copel Geração e Transmissão.

Oklahoma-based midstream natural gas company ONEOK will acquire 450 miles of natural gas liquids (NGL) pipeline from Houston, Texas midstream business Easton Energy.

Midstream natural gas company Kinetik will sell its 16% equity interest in the Gulf Coast Express pipeline (GCX) to an ArcLight Capital Partners affiliate for $540 million in cash.

Riley Exploration Permian has closed on its $20.5 million purchase of oil and natural gas properties in Eddy County, New Mexico.

AltC, a special purpose acquisition company (SPAC) run by former OpenAI CEO Sam Altman, has purchased and combined with nuclear technology company Oklo for $306 million.

TPG Rise Climate has agreed to acquire Southern California-based independent renewable fuels and refined products storage business Olympus Terminals.

Spanish clean energy-focused fund manager Qualitas Energy has closed on its controlling stake in Heelstone Renewable Energy from Ares Management for around $850 million, PFR has learned.

CPS Energy has signed a long-term power purchase agreement (PPA) with Constellation for 200MW of capacity beginning summer 2024.

United Power has closed on the $627million withdrawal payment to Tri-State Generation and Transmission Association, though sale of the transmission assets finalizing the split remains delayed by the Federal Energy Regulatory Commission, PFR has found.

Motor fuel giant Sunoco has closed on its $7.3 billion all-equity acquisition of independent pipeline operator NuStar.

Renewables operator ERG has closed on its acquisition of a 75% stake in a 317MW solar and wind portfolio with Apex Clean Energy.

Distributed generation platform Aspen Power will partner with a local developer to acquire and manage a portfolio of 20 community solar projects.

The Bureau of Land Management has opened bidding on 5 lease sales for oil and gas-ready land across the US.

Utility-scale independent power producer Alternus Clean Energy will acquire more than 80MW of operating solar projects in the US from C2 Energy Capital at a value of $60 million.

ITC Midwest has closed on its acquisition of transmission assets from Iowa's Maqouketa Municipal Electric Utility, PFR has learned.

Georgia Power Company (GPC) has closed on its $317 million transmission line sale to Georgia Transmission Corporation (GTC), PFR has learned.

WEC Energy Group has agreed to acquire a 90% ownership interest in the 300MW Delilah I Solar Energy Center from Invenergy for $459 million.

Evergy has closed on the acquisition of a 22.2% stake in the 655MW natural gas-fired Dogwood Energy facility.

Axium Infrastructure’s Coachella subsidiary will sell its 49% interest in Morongo Transmission to the Morongo Band of Mission Indians.

BW Solar has agreed to sell 12 New York community solar projects totalling 76.7MW to solar and battery storage developer Catalyze.

Chilean energy group Copec has agreed to acquire a 123MW solar project from Solarpack’s subsidiary Maria Elena.

Greenbacker Renewable Energy Company has closed its sale-leaseback deal with Huntington National Bank, securing $437 million to finance the repowering of a 3 asset wind portfolio.

Southwest Gas has closed on its near $300 million initial public offering (IPO) of subsidiary Centuri Holdings.

The Government of São Paulo has sold its shares in Empresa Metropolitana de Águas e Energia (Emae) placing the power company in private ownership.

Minority stake sales in renewables platforms are becoming more common as sellers look to “recycle capital’, according to Ammad Faisal, senior managing director, Marathon Capital.

Stellantis has agreed to buy into solar developer 360Energy in Argentina.

Madison Energy Infrastructure has acquired the commercial assets, solar development pipeline, and development team of Sun Tribe Solar.

Nova Clean Energy has acquired HyFuels, a 1GW mid-to-late-stage wind and solar development that also contains an early-stage green ammonia project on the Texas Gulf coast.

Copenhagen Infrastructure Partners (CIP) has acquired Liberty Renewables and its 1.3GW pipeline of onshore wind projects in New York State.

Vinci Group has acquired a minority stake in NatPower SA, a renewable energy developer which operates in Italy, the UK, and the US, in a deal valued at €50 million ($53m).

Oil, gas and NGL company Chord Energy and Canadian O&G giant Enerplus have cleared the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for their $11 billion business combination, PFR has found.

Energy giant Sunoco has exhausted the required waiting period to satisfy a condition of a $7.3 billion deal to acquire independent pipeline operator NuStar Energy.

Riley Exploration Permian has closed on sale of its 2.1 million shares of common stock, netting the company $25.4 million, PFR has learned.

Chesapeake Energy’s $7.4 billion merger with Southwestern Energy has been delayed following a request from the Federal Trade Commission (FTC).

Entergy New Orleans is issuing $150 million in first mortgage bonds with the Bank of New York Mellon, PFR has learned.

Lightsource BP has proposed the sale of its Happy and Oxbow solar facilities, PFR has learned.

Independent natural gas and oil company HighPeak Energy will up its existing $75 million credit agreement to $100 million, PFR has learned.

International capital is heading to US renewables at what many in the space are calling “record breaking” pace.

Rockland Power will up its stake in the 237MW Eagle Point Power Generation plant by 13%, PFR has learned.

EDF Renewables Brasil and Serena Geração have completed the share swap of their stakes in the Pirapora Solar Complex and the Ventos da Bahia wind farm.

Renewables focused-asset manager Greenbacker Capital Management (GCM) has expanded its team with the hire of Evan Sherman as head of real estate acquisitions.

Enbridge has closed on the sale of its 50% stake in the Alliance Pipeline and its 42.7% stake in Aux Sable to Pembina Pipeline.

Natural gas giant CPS Energy will acquire Talen Energy Corporation’s approximately 1,710MW generation portfolio, including natural gas plants in Corpus Christi and Laredo, Texas.

Brazilian utility Cemig is selling its 45% share in power generation company Aliança Energia to mining company Vale, making Vale the sole owner of Aliança.

Shell North America has sold its 50% stake in the 2.4GW proposed SouthCoast Wind project with its joint venture partner Ocean Winds North America.

Southeast PowerGen will sell both its 386MW MPC Generating Power Plant and its 692MW Sandersville gas-fired sites to Gulf Pacific Power, PFR has learned.

Brookfield-backed renewable developer IVI Energia has acquired a portfolio of distributed generation solar assets in Brazil.

FirstEnergy has closed its $3.5 billion sale of an additional 30% ownership interest in its FirstEnergy Transmission subsidiary to Brookfield Super-Core Infrastructure Partners.

Spanish developer Grenergy has completed the sale of wind assets in Peru to Engie Energía Perú.

Renewables developer NextEra Energy will sell its 180MW Big Cypress solar photovoltaic facility to Crittenden County, Arkansas in a sale-leaseback deal, PFR has learned.

Equatorial Energia has completed the sale of its transmission business Integração Transmissora de Energia (Intesa) in Brazil.

Renewable energy developer and producer RIC Energy will sell 7 photovoltaic plants in upstate New York to distributed energy platform Radial Power.

InfraRed Capital Partners has closed its purchase of shares in 2 utility-scale onshore renewables projects from Shell's US subsidiaries, Shell Windenergy and Savion, for $166 million.

Investment firm KKR has acquired a majority stake in utility-scale solar and storage developer Avantus, joining existing investor EIG in a $1 billion investment.

An Eagle Creek Renewable Energy affiliate has acquired US-based community solar developer and owner Lightstar Renewables.

New Fortress Energy (NFE) has completed the acquisition and transfer of a 1.6GW capacity reserve contract from Ceiba Energy, a company of Denham Capital.

Renewable natural gas (RNG) platform Viridi Energy has acquired a legacy biosolids digester plant in Brunswick, Maine.

Talos Energy will sell its wholly-owned subsidiary Talos Low Carbon Solutions (TLCS) to TotalEnergies E&P USA.

New Fortress Energy has sold a pair of emergency gas-fired power plants the company built last year on behalf of US Army Corps of Engineers.

Partners Group subsidiary Exus North America has closed on its acquisition of onshore wind projects from Dutch commodity trader Vitol and Oppidum Green Energy.

CapturePoint has sold 100% of the 45Q tax credits generated by carbon dioxide (CO2) capture at its Arkalon CO2 facility near Liberal, Kansas to an unnamed buyer in a 12 year agreement.

ExxonMobil and FuelCell Energy are renegotiating their carbon capture joint development agreement (JDA) as it nears termination, PFR has learned.

Duke Energy has made a series of executive leadership changes as executive president and chief commercial officer Steve Young retires.

Nuclear power plant operator Constellation Energy has offered $900 million in green senior notes due 15 March, 2054, PFR has learned.

Enel Americas and Enel Perú have landed approval for the $1.4 billion sale of their Peruvian generation assets to Actis-owned Niagara Energy.

Sustainable aviation fuel (SAF) producer XCF Global Capital has agreed to combine with special purpose acquisition company (SPAC) Focus Impact BH3 Acquisition.

Atlas Energy Solutions has closed on its $450 million acquisition of Hi-Crush's Permian Basin proppant production assets and North American logistics operations.

Danish developer Ørsted has agreed to sell its stakes in a 957MW operating wind portfolio in the US to Stonepeak for about $300 million.

In little under a year Iberdrola closed the government-backed Mexico Infrastructure Partners’ (MIP) $6.2 billion acquisition of a majority stake in the Spanish company’s Mexican portfolio, ending years on tension between Iberdrola and the government.

Renewable M&A activity in Latin America has slowed down in the last year, a phenomenon not endemic to the region with lower anticipated returns, high interest rates, and other factors including low energy prices hindering the space across jurisdictions.

Renewable energy infrastructure investor Excelsior Energy Capital will sell a 38-asset solar and storage portfolio to BlackRock’s Evergreen Infrastructure Partners Fund.

EQT Corporation will acquire natural gas provider Equitrans Midstream Corporation in an all-stock transaction valued at $5.45 billion.

Standard Solar will acquire a 6-project, 18.5MW solar portfolio from Vermont-based developer MHG Solar.

Already one of the cleanest energy mixes in the world, Latin American policy makers continue to push for ambitious net-zero targets. Renewables already generate 60% of the region’s electricity, twice the global average, with no shortage of sponsors looking to take advantage of some of the globe’s best renewables resources.

Renewables developer NextEra Resources is selling its Dunns Bridge II Solar and Storage project to a joint venture managed by utility the North Indiana Public Service Company (NIPSCO) and an unnamed tax equity investor, PFR has learned.

Vistra Corporation has closed on the sale of the Richland and Stryker power plants to Rockland Capital, one of the final puzzle pieces in the closing of its $6.3 billion merger with Energy Harbor.

Engie Brazil Energia has acquired 5 Atlas Renewable Energy solar projects in Brazil, totalling 545MW of installed capacity, for R$3.24 billion ($643 million).

Spanish energy giant Repsol has closed on its acquisition of US renewable development company ConnectGen for $768 million.

Canadian pipeline and energy company Enbridge has closed on its acquisition of Dominion Energy’s East Ohio Gas Company (EOG) for $6.6 billion.

Utility-scale battery developer GridStor has acquired a 450MW/900MWh battery energy storage system (BESS) project in Galveston, Texas, from Balanced Rock Power.

Spanish utility Iberdrola has submitted a non-binding offer to buy the remaining 18.4% of its US subsidiary Avangrid for $2.5 billion, aimed at taking over the entire company.

A consortium of insurance companies has agreed to acquire a 76.5MW biomass-fuelled power plant sited in Berlin, New Hampshire, PFR has learned.

RIC Energy has sold a 20MW solar photovoltaic portfolio to Brookfield-owned Luminace.

Canadian power producer Northland Power has agreed to sell its La Lucha solar project in Mexico to Saavi Energía subsidiary Cometa Energía.

Private equity firm Bridgepoint's proposed $1.1billion acquisition of energy-focused investment manager Energy Capital Partners (ECP) has been halted by the Federal Energy Regulatory Commission (FERC) over competition concerns.

TC Energy and partner Northern New England Investment Company are to sell the Portland Natural Gas Transmission System (PNGTS) to BlackRock and investment funds managed by Morgan Stanley Infrastructure Partners (MSIP).

DE Shaw Renewable Investments (DESRI) will sell multiple transmission assets associated with its Arroyo Solar Project to the Public Service Company of New Mexico (PNM), PFR has learned.

Germany-headquartered global asset management group IKAV and asset manager Canadian Plan Pension Investment Board (CPPIB) will each obtain at least 10% stake in California Resources Corporation from owners BlackRock and Vanguard Group.

Tri-State Generation and Transmission Association has received a key state-level regulatory approval from the Colorado Public Utilities Commission (CPUC) on the $75 million sale of its transmission facilities, contracts, and assets to United Power, PFR has learned.

The government of Mexico and Iberdrola have formally closed government-backed Mexico Infrastructure Partners’ (MIP) $6.2 billion acquisition of a majority stake in the Spanish company’s Mexican portfolio.

Colombia power company Celsia is considering selling a duo of wind projects located in the department La Guajira, Colombia.

Capital Power has closed on its acquisition of 2 contracted combined-cycle US gas generation facilities from Beal Financial Corporation subsidiary CSG Investments.

Infrastructure and real assets-focused investment firm Stonepeak will acquire a 50% interest in Dominion Energy’s Coastal Virginia Offshore Wind project.

NorthRenew Energy is to sell its Arco Wind and Solar facility to US-based grid operator PacifiCorp.

The Federal Economic Competition Commission (Cofece) has conditionally approved the acquisition of a majority stake in Iberdrola's Mexican portfolio by government-backed Mexico Infrastructure Partners (MIP).

Actis has today (21 February) launched a Brazilian transmission platform with the acquisition of an operational transmission asset.

French energy business TotalEnergies has closed on the $635 million acquisition of 3 gas-fired power plants in Texas from TexGen, PFR has learned.

When the tax equity market was transformed in 2023 with transferability, it was not only the tax equity market and energy players that were excited about the new credit capabilities. The guidelines released in June 2023 opened the market to any other investors with tax appetites, and tax transfer platforms hope to streamline the process for new investors.

Delta Utilities – a portfolio company of Bernhard Capital – has today (20 February) entered an agreement with CenterPoint Energy to acquire natural gas distribution networks.

Macquarie Asset Management has today (20 February) agreed the sale of Lordstown Energy Center to Arclight Capital vehicle ArcLight Fund VII.

Electricity and power generation company Vistra has received approval from the Federal Energy Regulatory Commission (FERC) to acquire Energy Harbor. It is the final approval needed in a $6.3 billion merger that will rebrand Vistra as renewables mega firm Vistra Vision.

Plenitude’s US subsidiary Eni New Energy US has closed on its buy of an 80% equity stake in 3 operating solar projects from global energy business EDP Renováveis (EDPR), PFR has learned.

New Fortress Energy has completed sale of its 20% equity interest in global maritime infrastructure company Energos Infrastructure to Apollo-managed funds.

Blackstone is looking for buyers for a stake in its portfolio company Aypa Power. PFR understands Blackstone is looking to sell a minority stake and is in talks with multiple potential buyers.

Asset management firm Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) will acquire a majority stake in the Sharp Hills wind farm from EDP Renewables subsidiary EDP Renewables Canada (EDPR Canada).

Eversource Energy has agreed to divest to Global Infrastructure Partners (GIP) its 50% stake in its remaining 2 offshore projects that are co-owned with Ørsted.

Updated to include:

US based renewable energy developer owner and operator Longroad Energy has closed on sale of its 108MWdc Foxhound Solar project to Dominion Energy, PFR has learned.

Standard Solar is to acquire an 84MW community solar portfolio in Illinois from renewables company New Leaf Energy.

Battery energy storage system (BESS) developer, owner and operator SMT Energy has sold a portfolio of nearly 400MW storage projects to UBS Asset Management.

Evergy will acquire a 22.2% interest stake in 655MW natural gas-fired facility Dogwood Energy, PFR has learned.

Battery energy storage system (BESS) developer, owner and operator SMT Energy has sold nearly 400MWs of storage projects to UBS Asset Management.

A Tenaska affiliate has acquired 6 natural gas generation facilities from IMG Energy Solutions.

Alliant Energy’s Wisconsin Utility, Wisconsin Power and Light Company (WPL), has closed on the sale of an 18% ownership stake in the 723.2MW natural-gas combined-cycle generation and 4MW solar hybrid project West Riverside Energy Center, PFR has learned.

California Resources Corporation will combine with Aera Energy in an all-stock transaction valuing Aera around $2.1 billion.

Nautilus Solar Energy has closed on its acquisition of a 12.7 MW portfolio of community solar projects from SolAmerica Energy.

Portland General Electric (PGE) closed on its acquisition of a 208MW stake in the Clearwater Wind Farm from developer NextEra, PFR has learned.

Barely a month into the new year and infrastructure and energy investment managers have dominated headlines. Global Infrastructure Partners – and all $100 billion of its AUM – got absorbed into fund management behemoth BlackRock. Meanwhile, General Atlantic bolted on $12.5 billion sustainable infrastructure firm Actis onto its beefy $86 billion body of managed assets.

Enel has landed conditional approval for the sale of its distribution businesses in Peru to China Southern Power Grid International (CSGI).

Tokyo Gas has continued its move into the US energy markets with an investment in a subsidiary of ARM Energy.

Spire is offering $350 million in 5.3% senior notes due 2026 to help fund the acquisition of the MoGas and Omega pipeline systems.

BP Energy Partners-owned Cryopeak LNG Solutions has merged with the Energy & Minerals Group-owned Ferus Natural Gas Fuels, combining their LNG production and distribution technologies.

Water treatment company GS Inima has entered the renewable energy market in Chile following the acquisition of a solar project.

Altus Power has closed on its acquisition of 84MW commercial-scale solar arrays from Vitol for around $118 million.

UK-based Cubico Sustainable Investments has added 1.6GW to its renewables development portfolio in Mexico through the acquisition of Renantis Mexico and the signing of a strategic agreement with Grupo Sowitec.

Renewable energy provider Cordia has closed on its acquisition of Pittsburgh, Pennsylvania-sited energy systems from Essential Utilities for $165 million.

Spanish renewable developer Grenergy is offloading 174MW of wind and solar assets the company owns in Peru.

Quantum Capital Group has partnered with Humble Midstream II to fund the company’s continuing development and operation of US-based energy infrastructure projects.

Tokyo Gas subsidiary Tokyo Gas America has closed on its $216 million acquisition of the Longbow battery energy storage (BESS) project from Clean Capital Partners.

Biofuels company POET and Summit Carbon Solutions have entered into a partnership to utilise Summit's carbon capture technology to reduce emissions created in the biofuel production process.

Update:

Midstream power company NGL Energy Partners has increased its senior secured notes offering to $2.2 billion.

Utility-scale developer RedWind Renewables has sold 2 250MW solar PV and BESS projects to global renewable energy business Greenvolt Power.

Ørsted is to become the sole owner of the 924MW Sunrise Wind project after buying out joint venture partner Eversource Energy.

Alliant Energy’s Wisconsin Utility, Wisconsin Power and Light Company (WPL), is diluting its interest in the 723.2MW natural-gas combined-cycle generation and 4MW solar hybrid project West Riverside Energy Center, PFR has learned.

United Power is to buy its transmission facilities, contracts, and assets, from Tri-State Generation and Transmission Association (Tri-State) for $75million in a transaction critical for the utility's split from the electric cooperative, PFR has learned.

Deriva Energy, formerly Duke Energy Renewables, has acquired the 140MW Spanish Peaks Solar project sited in Las Animas County, Colorado from global solar power developer JUWI.

Solar panel manufacturer First Solar has acquired a 1.2 million square foot facility in Troy Township, Ohio.

Motor fuel giant Sunoco has agreed to acquire independent pipeline operator NuStar in an all-equity transaction valued at $7.3 billion.

CorEnergy Infrastructure has closed on sale of its MoGas and Omega pipeline systems (MoGas System) to Spire subsidiary Spire Midstream.

Large nuclear plants may overtake previously trending small modular reactors (SMRs) in the market as both private and federal funds are zeroing in on the sector to meet ever-growing grid demand.

The Bureau of Land Management (BLM) will begin the first of 8 oil and gas lease sales this year with the auction of 19 Wyoming-sited parcels covering 13,858.91 acres on 5 March.

Apex Clean Energy and Korean energy company SK Gas and its green energy development business SK D&D are partnering up to own US-based energy storage facilities.

Scale Microgrids is set to acquire 500MW of distributed solar and storage projects across the US from Netherlands-based global clean energy developer Gutami.

The renewable energy sector in Chile continued to feel market disruptions in 2023 forcing many financial reorganizations and restructurings throughout the year.

Distributed generation (DG) has grown exponentially in the past few years in Brazil and 2023 saw many players entering at every level of the market, while existing ones consolidated their pipelines.

Partners Group subsidiary Exus North America has agreed to purchase Dutch commodity trader Vitol’s 244MW Pennsylvania-based 3-project wind portfolio, PFR has learned.

LS Power has agreed to acquire an 810MW natural gas-fired power plant sited in Gettysburg, Pennsylvania from an affiliate of Platinum Equity.

Octopus Energy company Sky Renewables is set to purchase the Ohio-sited 80MW Nestlewood and Pennsylvania-sited 16MW Gaucho solar projects from Vesper Energy, PFR has learned.

BlackRock has agreed to acquire Global Infrastructure Partners (GIP) for about $12.5 billion in cash and stock, in a move that further consolidates the infrastructure fund market.

Clean energy-focused point-of-sale investment firm Sunlight Financial has, through its partnership with Cross River Bank, sold a pool of approximately $300 million in solar loan assets.

Plenitude’s US subsidiary Eni New Energy US has agreed to purchase an 80% equity stake in an operational three-project solar portfolio from global energy business EDP Renováveis (EDPR).

Hannon Armstrong Sustainable Infrastructure Capital (HASI) has doubled its additional 2027 green senior unsecured notes in aggregate principal of 8% to $200 million.

Santiago-based developer Verano Energy has sold a greenfield solar project in Argentina to an undisclosed large local buyer.

Despite renewables grabbing the headlines, emergency weather situations and the increased energy demand in cities with rapidly rising populations have been catalysts for a “gas renaissance” in the M&A power space.

Updated to include:

Vistra Corporation is offloading its Richland and Stryker facilities to Rockland Capital in an effort to complete its pending $6.3 billion merger with Energy Harbor, creating renewables mega firm Vistra Vision.

Brookfield Renewable has issued C$400 million (US$298.5 million) of medium-term loans to pay for future green investments and repay indebtedness incurred in previous ventures.

Investment firm Fibra Orión has acquired a wind project located in Mexico, marking the firm’s first energy investment.

Meridian Clean Energy has upped its stake in 850MW simple-cycle natural gas plant Sentinel Energy.

I Squared Capital has agreed to acquire 49% of distributed generation company Órigo Energia in Brazil.

Point-of-sale finance firm Sunlight Financial has named current chief operating officer (COO) Timothy Parsons as the company’s new chief executive.

The North American division of Italy’s Enel has closed on its $271 million sale of all US geothermal assets and several solar parks to Ormat Technologies.

Renewables operator ERG has agreed to partner with independent US green power company Apex Clean Energy Holdings to manage and potentially expand a currently operating portfolio of wind and solar projects.

Brazil’s Eletrobras has closed the sale of the last coal-fired power plant the company owns in the country.

Capital Power has completed its $97.5 million acquisition of the Frederickson 1 Generating Station from Atlantic Power & Utilities.

American Electric Power and PNM Resources have agreed to sell a 50% interest in New Mexico Renewable Development (NMRD) to Exus North America.

PNM Resources and Avangrid have terminated their $4.3 billion merger agreement.

Spanish renewable developer Solarpack and French asset manager Ardian have split their renewable joint venture (JV) of solar portfolios in Chile and Peru.

Blackstone Infrastructure Partners subsidiary BIP Blue Buyer has completed its $2.16 billion acquisition of a 19.9% equity stake in NIPSCO.

Global Infrastructure Partners (GIP) has agreed to expand its partnership with AES Andes, growing their shared portfolio from 730MW to more than 1,400MW in Chile.

Commercial-scale provider of clean electric energy provider Altus Power has closed on the acquisition of Project Hyperion which consists of 121MW of solar assets, primarily located in North and South Carolina.

Southwest Gas Holdings has appointed William “Bill” Fehrman as president and chief executive of Centuri Group, effective January 12, 2024.

Global Partners has completed the acquisition of 25 liquid energy terminals from Saudi Aramco-subsidiary Motiva Enterprises.

Crescent Point Energy has closed on its acquisition of Canadian Riverstone Holdings-owned oil and gas business Hammerhead Energy.

Transaction risk insurance broking and advisory firm Birch Risk Advisors has taken on former NovaSource Power Services chief executive officer Troy Lauterbach as renewable energy advisor.

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

Ardian has acquired full ownership of the Peruvian subsidiary of Latin America Power from funds managed by BTG Pactual, Patria Investments and GMR Holding.

Southern Company subsidiary Georgia Power Company (GPC) will sell multiple specified transmission lines to Georgia Transmission Corporation (GTC), PFR has learned.

Canadian investment giant Brookfield acquired Duke Energy’s unregulated utility scale commercial renewables business at an enterprise value of approximately $2.8 billion – a deal that showed they were the exception to the mega M&A rules this year.

Brazilian utility Copel and Petrobras have agreed to sell the Araucária gas-fired power plant they co-owned in Brazil.

NextEnergy Capital has finalised the first investment – a 100MW utility-scale solar project in Highlands County, Florida – from its latest fund.

Westbridge Renewable Energy has closed the sale of its 230MW Vulcan County, Alberta-sited solar power plant project known as Georgetown Solar to a subsidiary of Mytilineos Energy & Metals.

Unit Corporation has completed its previously announced sale of certain non-core oil and gas assets sited in the Texas Panhandle for net cash proceeds of $50 million at closing.

French renewable developer Voltalia has agreed to sell a wind site in its Serra Branca complex in Brazil to Japanese conglomerate TODA.

Canadian investment manager Brookfield is investing R$1.2 billion ($242 million) into solar distributed generation in Brazil.

Zuma Energia has completed the acquisition of a majority stake in Jaguar Solar from InfraRed and INVEX Infraestructura (INVEX).

Shell subsidiaries Shell Wind Energy and Savion Equity will sell partial ownership stakes in two US-based renewable energy projects to international infrastructure investment manager InfraRed Capital Partners (InfraRed).

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.

UK clean energy investment firm Sustainable Development Capital (SDC) has acquired Volery, a US-based private equity firm focused on energy transition.

Private investment energy firm X Machina Capital (XMC) will merge its portfolio company Gradient Geothermal with Denver, Colorado-based geothermal company Transitional Energy.

Renewable power developer Apex Clean Energy has commenced sale of four solar projects to commercial solar owner and operator Summit Ridge Energy.

German-based energy giant RWE will continue its €55 billion ($60.2 billion) Growing Green initiative – investing in renewable energy, batteries, flexible generation and hydrogen – with an estimated €20 billion ($21.9 billion) to be allocated to future US investments by 2030.

The Canada Infrastructure Bank (CIB) has launched the Indigenous Equity Initiative (IEI) to support First Nation, Metis and Inuit communities in purchasing equity stakes in CIB-backed infrastructure projects.

Clean power provider Suntuity Renewables and special purpose acquisition corporation (SPAC) Beard Energy Transition Acquisition (BRD) have mutually agreed to terminate their merger to take Suntuity public.

Energy provider Genie Energy’s fund manager subsidiary Sunlight Energy Investments has purchased a 12-project solar portfolio from small solar developer local to the Midwest.

Enel Americas and Enel Perú have signed an agreement with Actis-owned Niagara Energy to sell their Peruvian power generation businesses.

Capital Power has acquired two contracted combined-cycle US gas generation facilities from Beal Financial Corporation subsidiary CSG Investments.

International construction, mining and industrial heavy equipment manufacturer Komatsu has agreed to acquire US-based lithium-ion battery developer American Battery Solutions (ABS).

Innergex has taken complete control of the Pampa Elvira Solar thermal project, following an acquisition from IFU on Friday (17 November).

Independent power producer NRG’s president and chief executive officer Mauricio Gutierrez has departed the company and resigned from its board, leaving Lawrence Coben in the role for the interim.

EnfraGen has completed the acquisition of six renewable projects in Central America, with a combined capacity of 188MW, from Celsia.

Canada-based Enbridge has entered a joint definitive agreement to construct and operate the Fox Squirrel solar project with EDF Renewables.

French energy company TotalEnergies is to buy three gas-fired power plants in Texas from TexGen for $635 million.

Volvo Group has won the winning auction bid to acquire the Proterra Powered business and assets of recently bankrupt electric vehicle (EV) battery developer Proterra.

Suncor is offering C$1.468 billion ($1.5 billion) in unsecured senior notes to fund its acquisition of TotalEnergies Canada.

Chesapeake Utilities is looking to raise $330 million through a common stock offering to help fund its Florida City Gas acquisition, expected to close in the fourth quarter of 2023.

Investment firm Denham Capital is launching a renewable energy platform following the sale of the firm’s Rio Energy assets to Equinor.

NextEra Energy Partners is selling its Texas natural gas pipeline, STX Midstream, to Kinder Morgan for $1.8 billion.

Eversource Energy is looking to sell its 50% stake in its offshore wind joint venture with Danish energy giant Ørsted, which includes three projects totaling 1.7GW.

Uranium mining company Cameco Corporation and Brookfield Renewable Energy have closed on the joint acquisition of nuclear services business Westinghouse Electric Company on November 8, 2023.

Renewables developer and asset owner Madison Energy Infrastructure (MEI) is set to acquire Pro-Tech Energy Solutions.

Norway’s Equinor has concluded the acquisition of renewables company Rio Energy from investment firm Denham Capital in Brazil.

Nuclear power plant operator Constellation has completed the $1.75 billion acquisition of its 44% ownership stake in NRG Energy’s South Texas Project Electric Generating Station (STP).

Canadian power company TransAlta will acquire Heartland Generation and Alberta Power (collectively, Heartland) from an affiliate of Heartland’s parent company, Energy Capital Partners.

EDP Brasil has agreed to offload a duo of operational transmission projects to Edify Empreendimentos e Participações.

Brazil’s Equatorial Energia is parting ways with its transmission business Integração Transmissora de Energia (Intesa).

ExxonMobil has closed on its acquisition of Denbury, a carbon capture and sequestration (CCS) developer also specializing in oil recovery, as of November 2, 2023.

Point-of-sale finance company Sunlight Financial Holdings has been acquired by a consortium of solar investors, including but not limited to a Greenbacker Capital Management affiliate, Sunstone Credit, IGS Ventures, and its secured lender, Cross River Bank.

France's Engie has signed an agreement that will see the energy company acquire four wind projects in Peru.

X-Energy Reactor Company (X-energy) has reached the joint decision with publicly-traded special purpose acquisition company Ares Acquisition Corporation (Ares) to drop their previously announced acquisition, effective October 31, 2023.

French power generator Engie has agreed to acquire all the shares in a portfolio of solar assets totaling close to 550MW in Brazil.

Fortune 500 power firm Entergy is to sell its gas distribution business to private infrastructure equity management company Bernhard Capital Partners.

Hull Street Energy will acquire 48MW California natural gas-fired plant EF Oxnard from an affiliate of Atlantic Power & Utilities.

Enfinity Global, a renewable energy company, is selling a 40% equity interest minority stake in a 400MW portfolio to Japanese utility Kyushu Electric Power Co.

Renewables company Ormat will purchase a 150MW portfolio from Enel Green Power North America, a subsidiary of Enel, for $271 million.

Duke Energy has closed the sale of its unregulated utility-scale commercial renewables business to energy giant Brookfield Renewable, rebranding the sold company as Deriva Energy.

Enel has concluded the sale of a solar subsidiary in Chile to UK-based energy producer Sonnedix.

Sumitomo Corporation of the Americas (SCOA) and its parent company Sumitomo Corporation have entered an agreement with private developer Reconciliation Energy Transition Inc (RETI), giving Sumitomo the exclusive right to acquire significant equity interest in the East Calgary Carbon Transportation & Sequestration Project (CTS Hub).

Nonprofit consumer advocacy organization Public Citizen has called on the Federal Trade Commission (FTC) to investigate whether Blackstone Infrastructure Partner’s (Blackstone) recently approved acquisition of a 19.9% equity stake in Northern Indiana Public Service Company (NIPSCO) vehicle, NIPSCO Holdings II, is legally sound.

Chevron has agreed to acquire all outstanding shares of global independent energy company Hess in an all-stock deal valued at $53 billion or $171 per share based on Chevron’s closing price on October 20 2023.

Central Puerto has acquired a solar project in Argentina, adding 117MW of solar capacity to the company’s renewable portfolio.