Repsol Acquires ConnectGen from Quantum Capital Group

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.

424 Capital Acquires QE Solar

May 7, 2021

Renewable Energy

424 Capital has completed the acquisition of QE Solar, a Cranford, New Jersey-based provider of operations and maintenance (O&M) services for commercial, industrial, and utility-scale solar and battery energy storage systems. The investment will provide capital to support QE Solar's nationwide workforce growth and expand its capabilities in solar and battery storage services; QE Solar employs over 80 field technicians and engineers and services more than 2.0 GW of C&I solar installations.

NEO Energy and Repsol Resources UK Combine to Form NEO NEXT

March 27, 2025

Energy

NEO Energy and Repsol Resources UK have agreed a strategic merger to create NEO NEXT, a jointly owned upstream producer on the UK Continental Shelf. Under the terms, NEO will hold 55% and Repsol UK 45% of the combined business; Repsol will retain USD 1.8 billion of related decommissioning liabilities. Completion is subject to regulatory approvals and is expected in Q3 2025.

424 Capital Acquires Majority Stake in Radian Generation

January 12, 2021

Energy

424 Capital closed a majority investment in Radian Generation, making it the company's new majority owner while SP Energy (USA) One LLC (a subsidiary of Plus Renewable Technologies) remains a significant minority holder. The investment will support growth and expansion of Radian's renewable energy asset management services and its RadianLENS SaaS offering, enabling product-line and geographic expansion.

New Mountain Capital Partners with Pearce Services as Pearce Acquires MaxGen Energy Services and World Wind & Solar

April 14, 2020

Renewable Energy

New Mountain Capital has partnered with Pearce Services to support Pearce’s growth and build a national, technology-enabled infrastructure services platform. Simultaneously, Pearce acquired MaxGen Energy Services and World Wind & Solar, bringing renewable wind, solar and EV charging operations & maintenance capabilities into the combined Pearce Services platform; terms were not disclosed.

Generate Capital Acquires esVolta to Expand Battery Storage and Grid Resilience

July 21, 2022

Energy

Generate Capital has acquired utility-scale battery storage developer esVolta LP, adding a portfolio of more than 900 MWh of operational and contracted projects and a pipeline across multiple U.S. states and Canada. The deal gives Generate entry into the front-of-the-meter battery storage market to expand its grid-connected storage capabilities and accelerate deployment of energy storage projects for utilities and offtakers.