AES Agrees to Sell 30% Indirect Equity Interest in AES Ohio to CDPQ

Global Infrastructure Partners and EQT Consortium to Acquire The AES Corporation in $10.7B Deal

March 2, 2026

Infrastructure

The AES Corporation has entered into a definitive agreement to be acquired for $15.00 per share in an all-cash transaction valued at $10.7 billion in equity value by a consortium led by Global Infrastructure Partners (a part of BlackRock) and EQT Infrastructure VI. The deal is expected to close in late 2026 or early 2027, subject to shareholder approval and regulatory clearances, and will take AES private.

CDPQ to Acquire Innergex Renewable Energy Inc. for C$10.0 Billion

February 25, 2025

Energy

Caisse de dépôt et placement du Québec (CDPQ) has entered into a definitive agreement to acquire all issued and outstanding common shares of Innergex Renewable Energy Inc. for C$13.75 per share, implying a total enterprise value of C$10.0 billion. The transaction will take Innergex private, has unanimous support from Innergex’s board and backing from largest shareholder Hydro-Québec, and is expected to close by Q4 2025 subject to customary approvals.

Qatar Investment Authority Acquires 25.1% Stake in Adani Electricity Mumbai Limited

December 11, 2019

Utilities

The Qatar Investment Authority (QIA) will invest approximately INR 3,200 crore (about $450 million) to acquire a 25.1% stake in Adani Electricity Mumbai Limited (AEML) and make a shareholder subordinated debt investment. The agreement, signed with Adani Transmission Limited and AEML, includes commitments to source over 30% of AEML’s supplied electricity from solar and wind by 2023 and other green initiatives to support sustainable growth.

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.

La Caisse to Acquire Edify Energy

September 22, 2025

Renewable Energy

La Caisse (formerly CDPQ) has entered into binding agreements to acquire Edify Energy, an Australian renewable energy and battery storage developer/operator. The investment is expected to total approximately CAD 1 billion, funding the acquisition and additional equity to support next-phase development of hybrid solar and battery energy storage projects totaling 900 MW / 3,600 MWh and a pipeline exceeding 11 GW.

Tata Consulting Engineers Acquires CDI Engineering Solutions from AE Industrial Partners

January 8, 2025

Engineering Services

Tata Consulting Engineers (TCE) has completed the acquisition of CDI Engineering Solutions, a Houston-based multi-discipline EPCM and engineering firm, from private equity firm AE Industrial Partners. CDI, with 600+ employees and eight engineering centers, expands TCE's U.S. footprint and strengthens its capabilities in energy transition, semiconductors and advanced manufacturing.