HDF Energy Acquires 70% Stake in NewGen Hydrogen Project (Trinidad)

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.

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.

Mars Equity Partners Makes Strategic Investment in NewGen Energy (A2B Development)

December 21, 2022

Renewable Energy

Mars Equity Partners made a strategic (growth) investment in A2B Development (dba NewGen Energy) on December 21, 2022. Generational Equity advised NewGen Energy; the investment will help scale the Loomis, California-based alternative energy provider that offers solar PV, energy storage and backup power solutions for agricultural, commercial/industrial and residential customers.

Celly H2 Acquires Chemtec New Energies from Chemtec Energy Services

July 30, 2024

Renewable Energy

Celly H2 LLC has acquired Chemtec New Energies (CNE), a renewable-energy focused division of Chemtec Energy Services LLC, to expand its hydrogen fueling and storage infrastructure capabilities. The deal brings CNE's modular refueling and storage expertise into Celly's portfolio to accelerate deployment of modular advanced hydrogen refueling stations (MAHRS) for municipalities, transit authorities, fleets, industrial users and ports.

Energea Provides $20 Million Financing to HGR Energy

December 6, 2024

Renewable Energy

Energea provided $20 million in debt (part of a combined equity and debt package) to HGR Energy to accelerate development and expansion of its renewable energy project portfolio. Westbury Group and Regiment Securities advised and structured the financing, which closed on December 6, 2024.

Adani Green Energy Acquires SB Energy India from SoftBank and Bharti

October 4, 2021

Renewable Energy

Adani Green Energy Limited (AGEL) completed the acquisition of 100% of SB Energy India from SoftBank Group (80%) and Bharti Group (20%), valuing SB Energy India at a fully completed enterprise value of approximately USD 3.5 billion. The transaction adds a 5 GWac renewable portfolio (1,700 MW in operation, 2,554 MW under construction and ~700 MW near construction) to AGEL; TotalEnergies, which owns 20% of AGEL, consequently adds ~1.4 GWp of net capacity to its renewables holdings.