Repsol Acquires ConnectGen from Quantum Capital Group
September 7, 2023
Repsol agreed to acquire US renewable developer ConnectGen from Quantum Capital Group/547 Energy for $768 million, adding a 20,000 MW pipeline and onshore wind development capabilities. The acquisition gives Repsol a significant onshore wind growth platform in the United States and brings ConnectGen’s development team into Repsol Renewables to accelerate the company’s international renewables expansion and 2030 capacity targets.
- Buyers
- Repsol
- Targets
- ConnectGen
- Sellers
- Quantum Capital Group, 547 Energy
- Industry
- Energy
- Location
- Texas, United States
- Transaction Type
- Buyout
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