RWE to Acquire Con Edison Clean Energy Businesses for $6.8 Billion

RWE Clean Energy Acquires 599 MW of Solar and Storage Projects from Galehead Development

May 20, 2024

Renewable Energy

RWE Clean Energy acquired three development-stage renewable energy projects totaling 599 MW (solar and battery storage capacity) from Galehead Development, LLC. The assets — Cedar Ridge (Idaho, solar + storage), Remington (Oregon, standalone BESS) and Champlain (New York, solar) — expand RWE's footprint in the Pacific Northwest and New York and add development-stage capacity to its U.S. pipeline.

Cameco and Brookfield Renewable Acquire Westinghouse Electric Company

November 3, 2023

Energy

A consortium led by Cameco and Brookfield Renewable, along with institutional partners, signed an agreement to acquire Westinghouse Electric Company from Brookfield Business Partners. The deal received regulatory approval and is expected to close on or about November 7 (subject to customary closing conditions).

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.

Shell Acquires Inspire Clean Energy

July 27, 2021

Energy

Inspire Clean Energy has signed an agreement to be acquired by Shell New Energies US LLC and will become a wholly owned subsidiary of Shell. The acquisition is intended to accelerate Inspire’s ability to scale residential access to renewable energy in the U.S. and to expand Shell’s business-to-consumer renewable power offerings and digital capabilities.

Iberdrola Acquires Remaining 18.4% of Avangrid for $2.6 Billion

May 20, 2024

Energy

Avangrid has entered into a definitive agreement with Iberdrola under which Iberdrola will acquire the remaining 18.4% of Avangrid shares it does not currently own for $35.75 per share in an all-cash transaction. The merger will make Avangrid a wholly owned subsidiary of Iberdrola, with closing expected in the fourth quarter 2024 subject to customary conditions and regulatory approvals.

Siemens AG Acquires Iberdrola's 8.1% Stake in Siemens Gamesa Renewable Energy

February 4, 2020

Renewable Energy

Siemens AG will acquire Iberdrola S.A.'s 8.1% stake in Siemens Gamesa Renewable Energy (SGRE) for €20.00 per share, a total of approximately €1.1 billion. The deal settles legal disputes between the parties, and Siemens will contribute SGRE shares to the upcoming Siemens Energy spin-off—resulting in Siemens Energy holding roughly 67% of SGRE voting rights—and expects additional savings and synergies from the transaction.