JSW Neo Energy Acquires O2 Power from EQT and Temasek for $1.5B

EQT (via Otello BidCo AB) Acquires OX2 AB

October 8, 2024

Energy

EQT Infrastructure VI, through acquisition vehicle Otello BidCo AB, completed a recommended public offer to acquire 100% of OX2 AB at SEK 60 per share and now controls 98.81% of the company; OX2 has applied for delisting from Nasdaq Stockholm. EQT says it will support OX2's evolution from a pure developer to an integrated renewables developer and asset owner and provide additional investment to grow the company's pipeline across onshore/offshore wind, solar and storage.

JSW Neo Energy Completes Acquisition of Mytrah Energy Renewable Portfolio

March 29, 2023

Renewable Energy

JSW Neo Energy Limited, a wholly-owned subsidiary of JSW Energy Limited, has completed the acquisition of a 1,753 MW renewable energy portfolio (comprising 15 project SPVs and 13 ancillary SPVs) from Mytrah Energy (India) Private Limited for an enterprise valuation of approximately ₹10,150 Crores. The portfolio includes 1,331 MW of wind and 422 MW (487 MWp DC) of solar capacity across southern, western and central India and will significantly increase JSW Energy's operating renewable capacity as part of its targets to reach 10 GW by FY2025 and 20 GW by 2030.

EQT Infrastructure Acquires Cypress Creek Renewables

July 3, 2021

Renewable Energy

EQT Infrastructure V has agreed to acquire Cypress Creek Renewables, a vertically integrated U.S. solar and storage developer, owner and operator, from funds managed by HPS Investment Partners and Temasek. The deal will support Cypress Creek's growth plans — including investments in operations, digital and sustainability initiatives — and is expected to close subject to customary approvals in H2 2021.

Eiffage Énergie Systèmes Acquires EQOS from Triton

April 23, 2024

Infrastructure

Funds advised by Triton have signed an agreement to sell EQOS, a European specialty installation and service company focused on energy, telecoms and rail infrastructure, to Eiffage Énergie Systèmes. Terms were not disclosed; under Triton EQOS reached ~EUR 459m revenue and ~1,700 employees, and Eiffage said the acquisition will help it enter and densify energy infrastructure markets in Germany and Austria.

Equinor and SSE Thermal Acquire Triton Power from Energy Capital Partners

June 28, 2022

Energy

Equinor and SSE Thermal have completed the £341 million acquisition of Triton Power from Energy Capital Partners, forming a 50:50 joint venture to own Triton. The deal includes the 1.2 GW Saltend Power Station and positions the buyers to decarbonise flexible power generation — including plans to prepare Saltend to run on up to 30% hydrogen from 2027 and eventual conversion to hydrogen — while supporting Equinor's H2H Saltend hydrogen project.

EQT Acquires ju:niz Energy to Launch EQT Transition Infrastructure Strategy

December 5, 2024

Energy

EQT, through its new EQT Transition Infrastructure strategy, will acquire German battery energy storage developer and operator ju:niz Energy from founder Dr. Franz Hauk. The investment is the inaugural deal for the strategy and aims to scale ju:niz's project development, operations and asset ownership to support the energy transition and grid flexibility in Europe.