Babcock Power Acquires Renewable Concepts Inc.

Conestoga Energy Acquires SAFFiRE Renewables

August 14, 2025

Renewable Energy

Conestoga Energy has acquired SAFFiRE Renewables, LLC from Southwest Airlines Renewable Ventures LLC, obtaining SAFFiRE’s IP, certain technologies, a proposed pilot production facility, and key technical staff. The acquisition gives Conestoga access to SAFFiRE’s DMR pretreatment technology to produce ultra-low carbon intensity ethanol for sustainable aviation fuel (SAF) and supports plans for a co-located pilot in Liberal, Kansas and future commercial-scale production.

TransAlta Corporation to Acquire TransAlta Renewables Inc.

July 10, 2023

Renewable Energy

TransAlta Corporation has entered into a definitive arrangement agreement to acquire all outstanding common shares of TransAlta Renewables Inc. not already owned by TransAlta, offering RNW shareholders either TransAlta shares or $13.00 in cash (subject to proration). The deal is intended to simplify corporate structure, align a single clean‑electricity growth strategy and create a larger, more diversified independent power producer; closing is subject to shareholder, court and regulatory approvals.

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 & Wilcox Acquires VODA A/S

November 30, 2021

Energy

Babcock & Wilcox Enterprises, Inc. completed the acquisition of VODA A/S, a multi-brand aftermarket parts and service provider for energy plants in Scandinavia. The business will be integrated into B&W's B&W Renewable segment to expand the company's renewable parts and service capabilities and create a platform for growth across Europe.

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.

Takkion Holdings Acquires Renew Energy, Inc.

January 4, 2021

Energy

Takkion Holdings LLC, a portfolio company backed by affiliates of Apollo Global Management, has acquired Sioux Falls-based Renew Energy, Inc., a provider of operations and maintenance (O&M) services for the renewable energy market. The acquisition expands Takkion's capabilities in wind and solar logistics, supply chain, transportation management and O&M, and RENEW's management team and brand will remain intact as part of the combined platform.