Brookfield Renewable Acquires Urban Grid for $650M

Brookfield Acquires National Grid Renewables; Rebrands as Geronimo Power

May 30, 2025

Renewable Energy

Brookfield Asset Management, together with its institutional partners including Brookfield Renewable Partners, completed the acquisition of National Grid Renewables from National Grid plc and will operate the business under the Geronimo Power brand. The Minneapolis-headquartered company develops and operates utility-scale solar, wind and energy storage (about 2 GW operating, 1 GW under construction and ~20 GW in development) and will continue scaling Brookfield’s U.S. renewables platform.

Brookfield Renewable Acquires Scout Clean Energy from Quinbrook

December 16, 2022

Renewable Energy

Brookfield Renewable, together with unnamed institutional partners, finalized a purchase agreement to acquire Scout Clean Energy from Quinbrook Infrastructure Partners for $1.0 billion, with the potential to invest an additional $350 million to support development activities. Scout will continue to operate under its brand as a utility-scale renewable energy developer-owner-operator headquartered in Boulder, Colorado, with ~1,200 MW of operating wind assets and a pipeline of wind, solar and storage projects across the United States.

Apollo Acquires PowerGrid Services from The Sterling Group

July 2, 2025

Industrial Services

Apollo has completed the acquisition of PowerGrid Services from The Sterling Group and other existing investors. PowerGrid is a national provider of electric utility maintenance and construction services with more than 1,700 in-house professionals operating across 35 states; Apollo will partner with management and existing investors to support the company’s continued growth and grid modernization efforts.

Bear Peak Power Acquires Grid Projects Co.

March 4, 2022

Energy

Bear Peak Power has acquired Grid Projects Co., gaining access to Grid Projects' pipeline of commercial & industrial (C&I) projects in the Massachusetts SMART program and 18 MW of projects under development. Grid Projects' owner Michael Marcotte joins Bear Peak as Managing Partner to help expand the firm's development capabilities and geographic reach.

Enbridge Acquires Tri Global Energy

September 29, 2022

Renewable Energy

Enbridge Inc. acquired U.S. renewable project developer Tri Global Energy for US$270 million in cash plus assumed debt, with up to ~US$50 million in contingent payments. The purchase brings TGE’s ~7 GW wind and solar development portfolio and its development team into Enbridge’s renewables platform to accelerate North American growth in wind and solar.

Qualus Corporation Acquires GridBright

October 9, 2023

Energy

Qualus Corporation, a portfolio company of New Mountain Capital, has acquired GridBright, a Silicon Valley–area technology solutions firm specializing in grid integration software, systems integration, and advisory services. The deal (terms not disclosed) expands Qualus’ capabilities in grid modernization, resiliency, security, and renewable interconnection services; AEC Advisors advised Qualus and Capstone Partners advised GridBright.