Westinghouse Acquires 50% Stake in Tecnatom, Forms JV with Endesa

Cameco and Brookfield Acquire Westinghouse Electric Company

November 3, 2023

Energy

Cameco and Brookfield (with Brookfield Renewable Partners and institutional partners) have completed their joint acquisition of Westinghouse Electric Company after receiving required regulatory approvals, with the transaction closing on or about November 7, 2023. Cameco will finance its share using a US$600 million term loan and available cash; the deal transfers ownership of Westinghouse (a leading nuclear technology and services provider headquartered in Cranberry Township, Pennsylvania) from Brookfield Business Partners to the new investor group.

Westinghouse Electric Company Acquires BHI Energy from AE Industrial Partners

April 14, 2022

Energy

Westinghouse Electric Company has completed its acquisition of BHI Energy from private equity firm AE Industrial Partners. The transaction brings together Westinghouse's nuclear technology platform and BHI's specialty outage, maintenance and transmission services to create an integrated outage services business and expand Westinghouse's capabilities across nuclear, power delivery and renewable markets; terms were not disclosed.

Westinghouse Acquires Laveer Engineering

May 3, 2021

Energy

Westinghouse Electric Company has signed a definitive agreement to acquire Laveer Engineering, a specialized nuclear engineering firm headquartered in Burlington, Ontario, Canada. The acquisition expands Westinghouse's CANDU capabilities—adding tooling, plant design and outage maintenance expertise—and strengthens its service offerings to CANDU reactor operators worldwide; the transaction is subject to customary closing conditions and regulatory approvals.

Masdar Acquires 70% of TERNA ENERGY

November 28, 2024

Renewable Energy

Abu Dhabi Future Energy Company PJSC (Masdar) has completed the acquisition of 70% of the outstanding shares of TERNA ENERGY SA from GEK TERNA SA and other shareholders at €20 per share, valuing TERNA ENERGY at an enterprise value of €3.2 billion. Masdar will seek regulatory approval to launch an all-cash mandatory tender offer for the remaining shares and plans to scale TERNA ENERGY's renewable capacity to 6 GW by 2029 as part of a broader push to expand its European platform.

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.

Hydro One Acquires 48% Interest in East‑West Tie Limited Partnership

March 4, 2025

Utilities

Hydro One Networks Inc., a wholly‑owned subsidiary of Hydro One Limited, completed the acquisition of an approximately 48% interest in the East‑West Tie Limited Partnership for roughly $261 million (inclusive of closing adjustments). The partnership owns the 450‑kilometre, 230‑kV East‑West Tie transmission line between Wawa and Thunder Bay, Ontario; remaining owners include the Bamkushwada Limited Partnership (approx. 3.5%) and affiliates of NextEra Energy Canada (approx. 48%).