Madison Energy Infrastructure Acquires NextEra Energy Resources' Distributed Generation Platform

EQT Infrastructure Acquires Madison Energy Investments

December 20, 2022

Energy

EQT Infrastructure VI has agreed to acquire Madison Energy Investments (MEI) from affiliates of Stonepeak Partners. EQT will provide growth capital and digital/operational support to expand MEI's deployment of distributed solar and energy storage projects across the United States.

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.

H2O Innovation Acquires NextEra Distributed Water

October 1, 2024

Environmental Services

H2O Innovation Inc. has acquired NextEra Distributed Water in a carve-out transaction, integrating the business into a new Water Infrastructure & Development business line to operate NextEra’s WaterHub assets. The acquisition brings in-house large-scale asset development and ownership capabilities — enabling H2O Innovation to offer turn-key onsite wastewater treatment and reuse projects delivered at no upfront capital cost and operated under long-term contracts; the deal is supported by follow-on investment from funds managed by Ember Infrastructure Management LP and existing minority owners.

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.

ALLETE Acquires New Energy Equity

April 15, 2022

Renewable Energy

ALLETE, Inc. (NYSE:ALE) has closed its acquisition of New Energy Equity, a distributed and community solar developer based in Annapolis, Maryland, for approximately $165.5 million. New Energy Equity has completed more than 250 distributed solar projects totaling over 330 MW and brings a ~2 GW development pipeline across 26 states; the company's management team and headquarters will remain in place.

Kinder Morgan Acquires NextEra Energy Partners' South Texas Assets (STX Midstream)

December 28, 2023

Oil & Gas

Kinder Morgan closed its previously announced $1.815 billion acquisition of NextEra Energy Partners' South Texas assets (STX Midstream), acquiring majority interests in multiple natural gas pipelines including a 90% interest in the NET Mexico pipeline and a 50% interest in Dos Caminos LLC. The assets expand Kinder Morgan's South Texas footprint and provide greater connectivity to LNG, Mexico export and Gulf Coast power and industrial markets.