TerraForm Power Acquires Sun Tribe Development LLC

Madison Energy Infrastructure Acquires Sun Tribe's Commercial and K-12 Solar Portfolio

April 16, 2024

Renewable Energy

Madison Energy Infrastructure has acquired Sun Tribe's commercial assets, project pipeline, and commercial development team (Sun Tribe Solar), including onboarding of the commercial development leadership. The divestiture lets Sun Tribe sharpen its focus on utility- and community-scale solar while enabling Madison to expand its municipal and K-12 solar footprint and continue the Solar Empowered Schools program nationally.

ContourGlobal Acquires 151 MW Solar Portfolio from Sun Tribe Development

October 2, 2024

Renewable Energy

ContourGlobal (a KKR company) has acquired a 151 MWdc solar portfolio consisting of two late-stage projects in South Carolina from Sun Tribe Development. The assets, which have long-term PPAs and completed interconnection studies, mark ContourGlobal's entry into the U.S. renewables market with commercial operations planned in 2029.

Masdar Acquires 50% Stake in Terra‑Gen from Energy Capital Partners

October 1, 2024

Energy

Abu Dhabi Future Energy Company PJSC (Masdar) has closed the acquisition of a 50% stake in Terra‑Gen Power Holdings II, LLC from Energy Capital Partners, with Igneo Infrastructure Partners retaining the remaining 50%. The deal strengthens Masdar’s U.S. platform—Terra‑Gen operates ~3.8 GW of wind, solar and battery storage (5.1 GWh) across ~30 sites and has a 12+ GW pipeline—supporting Masdar’s U.S. expansion and broader 100 GW global target by 2030.

MyPower Corp. (Mitsui Affiliate) Acquires Solstice Power Technologies

October 12, 2022

Renewable Energy

MyPower Corp., an affiliate of Mitsui & Co., Ltd., has acquired Solstice Power Technologies, a Cambridge-based customer acquisition and subscriber-management services provider for community solar projects. The deal gives MyPower a foothold in the U.S. community solar market and brings Solstice's customer-management and subscriber software capabilities to Mitsui's broader clean-energy investment platform.

The AES Corporation Acquires Community Energy Solar, LLC

December 20, 2021

Renewable Energy

The AES Corporation announced the acquisition of US solar developer Community Energy Solar, LLC, adding the developer's ~10 GW project pipeline and experienced development team to AES's renewables platform. The deal expands AES's US renewables development capability and bolsters its pipeline and workforce as the company pursues further growth in utility-scale solar and storage.

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.