Macquarie Acquires SP Smart Meter Assets Limited from ScottishPower/Iberdrola

Macquarie Asset Management Acquires Remaining 20% of National Gas

July 26, 2024

Energy

Macquarie Asset Management, via a consortium of its managed equity and funds, has exercised its option to acquire the remaining 20% equity stake in National Gas from National Grid, giving the consortium 100% ownership. The move secures full control to support National Gas’s operation of the UK gas transmission network and accelerate future initiatives such as hydrogen network development and other decarbonisation projects.

Macquarie Asset Management Acquires 50% of Enel Green Power Hellas

December 29, 2023

Renewable Energy

Macquarie Asset Management, on behalf of co-investors and managed funds, has acquired a 50% stake in Enel Green Power Hellas from Enel Group for approximately €250 million. The deal covers a 566 MW portfolio of onshore wind, solar and hydropower projects in operation or under construction in Greece and establishes a joint venture to accelerate development, storage and hybrid solutions across the company's pipeline.

Mitsubishi Electric Acquires Smarter Grid Solutions

August 10, 2021

Energy

Mitsubishi Electric Corporation, through its U.S. subsidiary Mitsubishi Electric Power Products, Inc. (MEPPI), acquired Glasgow-based Smarter Grid Solutions (SGS), a provider of distributed energy resource management software. The acquisition brings SGS's DERMS capabilities into Mitsubishi Electric's grid control portfolio to support integration of renewable and distributed generation and to expand Mitsubishi's energy software offerings globally.

Macquarie Asset Management Acquires Majority Stake in Southern Water

August 9, 2021

Utilities

Macquarie Asset Management has agreed to acquire a majority stake in Southern Water Services Limited and will invest over £1 billion of new equity to recapitalise the business. The capital will strengthen Southern Water’s balance sheet and fund a multi-year £2 billion investment programme to reduce leaks and pollution incidents, improve customer service, and boost financial resilience.

Energy Assets Group Acquires Cortex Metering Solutions I&C Smart Meter Portfolio from Macquarie

May 10, 2021

Energy

Energy Assets Group has acquired Cortex Metering Solutions (CMS), a UK industrial & commercial (I&C) smart-meter portfolio of more than 600,000 meters, from Macquarie Specialised and Asset Finance. The portfolio is rented to over 80 energy suppliers across Great Britain and the deal expands Energy Assets' I&C metering footprint and data services capabilities.

Arcus and GLIL Acquire Smart Meter Assets 1 Ltd

April 29, 2021

Energy

Arcus Infrastructure Partners (via AEIF2) and GLIL Infrastructure agreed to acquire 100% of Smart Meter Assets 1 Ltd (SMA) from BUUK Infrastructure No. 2 Ltd. SMA is a UK meter asset provider with c.1.6 million installed smart meters (targeting over 2 million), contracted with major suppliers including OVO Energy and Utility Warehouse.