Babcock & Wilcox Acquires VODA A/S

Babcock & Wilcox Acquires Majority Stake in Fosler Construction (Fosler Solar)

September 15, 2021

Energy

Babcock & Wilcox Enterprises, Inc. signed a definitive agreement to acquire a majority ownership stake in Illinois-based solar contractor Fosler Construction (now operating as Fosler Solar), which will become part of B&W's Renewable segment. Paul Fosler will remain CEO and a minority owner; Fosler provides commercial, industrial and utility-scale solar services, employs ~120 people and owns two community solar projects in Illinois.

Babcock & Wilcox Acquires Fossil Power Systems (FPS)

February 1, 2022

Manufacturing

Babcock & Wilcox Enterprises, Inc. (B&W) acquired Fossil Power Systems, Inc. (FPS), a Dartmouth, Nova Scotia-based designer and manufacturer of hydrogen, natural gas and renewable combustion equipment, with the transaction closing on February 1, 2022. The acquisition expands B&W's combustion, control and fuel-conversion capabilities—supporting hydrogen firing and aftermarket growth across power generation, pulp & paper and industrial markets.

Babcock Power Acquires Renewable Concepts Inc.

June 17, 2022

Energy

Babcock Power Inc., through its Babcock Power Renewables LLC subsidiary, acquired substantially all of the assets of Renewable Concepts Inc. and affiliate R. Tinsley Projects Inc. The acquisition adds wind-turbine maintenance, engineering and repair capabilities to Babcock's clean-energy services portfolio; terms were not disclosed.

Cadre AS Acquires Bekk og Strøm AS

July 28, 2023

Renewable Energy

Cadre AS has acquired Bekk og Strøm AS, adding seven operating small-scale hydropower plants (total ~40 GWh/year) and a development portfolio of nine projects. The acquisition expands Cadre's operating portfolio (now >400 GWh), adds experienced staff, and improves geographic diversification in southern Norway as the company pursues a 2 TWh production ambition.

KK Wind Solutions Acquires Vestas' Converter & Controls Business

August 10, 2022

Manufacturing

KK Wind Solutions, owned by A.P. Moller Holding, has completed the acquisition of Vestas' converter & controls business, including three factories in Hammel (Denmark), Oragadam (India) and Tianjin (China) and roughly 600 employees. The deal expands KK Wind Solutions' manufacturing footprint and production capacity, secures exclusivity to supply converters and controls to Vestas, and includes transitional service agreements to ensure continuity during an 18–24 month integration period.

TotalEnergies Acquires VSB Group, SN Power and Big Sky Solar

April 2, 2025

Energy

TotalEnergies has closed three international renewables acquisitions, buying European wind and solar developer VSB Group, hydropower developer SN Power and the Big Sky Solar project in Alberta. The deals expand TotalEnergies' integrated electricity portfolio across Germany, Africa and Canada, adding operating capacity and a large development pipeline to its renewables business.