Renewable Energy Divestitures in 2023
Acquisition Volume in Renewable Energy Divestitures in 2023 by Year
Last 5 years
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December 29, 2023
- Buyer
- Macquarie Asset Management
- Target
- Enel Green Power Hellas
- Seller
- Enel Group
- Industry
- Renewable Energy
- Location
- Greece
- Type
- Divestiture
Macquarie Asset Management, on behalf of co-investors and managed funds, has acquired a 50% stake in Enel Green Power Hellas from Enel Group for approximately €250 million. The deal covers a 566 MW portfolio of onshore wind, solar and hydropower projects in operation or under construction in Greece and establishes a joint venture to accelerate development, storage and hybrid solutions across the company's pipeline.
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- Buyer
- Adapture Renewables, Inc.
- Target
- Three solar projects (333 MWac / 450 MWdc) in MISO — Illinois & Arkansas (acquired from TED Renewables)
- Seller
- TED Renewables (Tyr Energy Development Renewables, LLC)
- Industry
- Renewable Energy
- Location
- Illinois; Arkansas, United States
- Type
- Divestiture
Adapture Renewables has acquired three pre-construction solar projects in MISO (Illinois and Arkansas) from TED Renewables, adding 333 MWac / 450 MWdc to its portfolio. The transaction expands Adapture's presence into Illinois and Arkansas, more than doubling its operating portfolio to roughly 800 MWdc and advancing the projects toward commercial operation in 2025–2026.
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- Buyer
- Matrix Renewables
- Target
- Stillhouse Solar Project
- Seller
- OCI Solar Power
- Industry
- Renewable Energy
- Location
- Texas, United States
- Type
- Divestiture
Matrix Renewables, the TPG Rise-backed renewable energy platform, has acquired the Stillhouse Solar Project, a late-stage 284 MWdc solar development in Bell County, Texas, from OCI Solar Power. Matrix plans to complete power offtake, procurement and financing with construction slated for 2024 and commercial operations expected in 2025.
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March 22, 2023
- Buyer
- BluEarth Renewables US LLC
- Target
- Seven wind and solar development projects (development portfolio)
- Seller
- Ozone Renewables, LLC
- Industry
- Renewable Energy
- Location
- United States
- Type
- Divestiture
BluEarth Renewables US LLC acquired seven wind and solar development projects totaling approximately 1 GW from Ozone Renewables, LLC. The projects—located across Washington, Oregon, Ohio and Oklahoma—will be developed under a development services agreement with Pivot Power Management to advance BluEarth's North American pipeline.
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