Recent Renewable Energy Acquisitions
Acquisition Volume in Renewable Energy by Year
Last 5 years
This page highlights recent deal activity across the Renewable Energy sector, spanning utility-scale solar, storage, fuels, and enabling technologies. Transactions range from asset and project purchases to majority equity investments and strategic mergers, reflecting both technology integration and geographic expansion.
Buyers include infrastructure investors and corporates pursuing platform growth and capability consolidation — for example, GameChange Energy Technologies acquiring Terrasmart’s eBOS division, Ares Management taking a significant stake in Plenitude, and Ecopetrol S.A. purchasing Statkraft’s Enerfín Colombia solar portfolio. Other deals show interest in fuel and feedstock (renewable fuels and UCO collection) and advanced technologies such as long-duration storage and space-based solar research.
What Stands Out
- Active buyer types: infrastructure and private-equity investors (e.g., Ares Management, Quinbrook Infrastructure Partners, H.I.G. Infrastructure) alongside strategic corporates (e.g., Ecopetrol S.A.).
- Technology and capability consolidation: integrations of module-to-grid and eBOS systems (GameChange Energy Technologies), storage and concentrated solar (Zeo Energy Corp./ Heliogen, Inc.), and renewable fuels/SAF technologies (Conestoga Energy acquiring SAFFiRE Renewables).
- Geographic breadth: transactions span U.S. states (Texas, Michigan, California, Georgia, Virginia, Connecticut), Canada (British Columbia), Latin America (Colombia), and Europe (Italy, Norway).
- Deal structures observed: asset purchases, majority equity investments, strategic stakes, mergers and take-privates (examples include majority investments by ERA Partners LLC, the Ares Management stake in Plenitude, and the merger involving Aker ASA/Aker Horizons).
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March 6, 2026
- Buyer
- Exus Renewables North America
- Target
- Ozone Renewables
- Industry
- Renewable Energy
- Location
- United States
- Type
- Buyout
Exus Renewables North America announced it has acquired Ozone Renewables to expand its in-house greenfield development capabilities and strengthen its early-stage renewable energy project pipeline. The acquisition brings Ozone’s team and pipeline across wind, solar, and energy storage, with the greenfield development effort focused across PJM, MISO, WECC, and SPP territories.
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- Buyer
- Standard Solar, Inc.
- Target
- AC Power's six-project community solar portfolio (28.8 MW in New Jersey and Illinois)
- Seller
- AC Power
- Industry
- Renewable Energy
- Location
- Maryland, United States
- Type
- Buyout
Standard Solar acquired a six-project, 28.8 MW community solar portfolio in New Jersey and Illinois from AC Power. The projects are sited on closed landfills and brownfield parcels and are expected to transition previously disturbed sites into long-term community energy assets.
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February 25, 2026
- Buyer
- MacLean-Fogg
- Target
- OMCO Solar
- Industry
- Renewable Energy
- Location
- Arizona, United States
- Type
- Buyout
MacLean-Fogg has acquired OMCO Solar, a U.S. factory-direct manufacturer of solar trackers and fixed-tilt solutions. OMCO Solar will continue operating as a distinct brand within the MacLean-Fogg family, retaining its leadership team and supporting continued growth in U.S. tracker and fixed-tilt markets.
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- Buyer
- GameChange Energy Technologies
- Target
- Terrasmart eBOS (Electrical Balance of Systems division)
- Seller
- Terrasmart, Gibraltar Industries
- Industry
- Renewable Energy
- Location
- Michigan, United States
- Type
- Divestiture
GameChange Energy Technologies has acquired the Electrical Balance of Systems (eBOS) division from Terrasmart, a subsidiary of Gibraltar Industries, adding the eBOS product line and a U.S. manufacturing facility in Grand Rapids, Michigan to its platform. The acquisition expands GameChange’s module-to-grid capabilities for utility-scale solar projects by integrating pre-engineered and prefabricated electrical systems and the eBOS team into its tracker, racking, transformer, and grid-equipment offerings.
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February 9, 2026
- Buyer
- ERA Partners LLC
- Target
- GeoTility Systems Corp.
- Industry
- Renewable Energy
- Location
- British Columbia, Canada
- Type
- Buyout
ERA Partners LLC announced a majority equity investment in GeoTility Systems Corp., a Kelowna, British Columbia–based geoexchange utility provider that offers heating-and-cooling-as-a-service (HCaaS) and full design-build geoexchange solutions. The investment is intended to accelerate GeoTility’s expansion across Canada and the United States, scaling its portfolio (more than 1,000 HCaaS systems) and expanding deployments to residential, multi-family, commercial, and industrial real estate.
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December 17, 2025
- Buyer
- The Awareness Group (TAG)
- Target
- Prosper Energy
- Industry
- Renewable Energy
- Location
- Texas, United States
- Type
- Buyout
The Awareness Group (TAG) has completed the acquisition of Prosper Energy, a solar EPC and sales organization with operations across 42 states. The deal adds national installation and sales capabilities to TAG's TAG GRID financing platform to accelerate deployments and improve project velocity; financial terms were not disclosed.
-
December 10, 2025
- Buyer
- EQT Foundation
- Target
- Overview Energy
- Industry
- Renewable Energy
- Location
- Virginia, United States
- Type
- Growth capital
EQT Foundation has made a catalytic growth-stage investment in Overview Energy, a Virginia-based deep tech company developing satellites to beam solar energy from space to Earth. The funding will support Overview's path toward commercial deployment of its continuous space-based solar power beaming technology and help scale its technology for utility, data center and resilience markets.
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December 1, 2025
- Buyer
- CVC DIF, DIF Infrastructure VIII
- Target
- Low Carbon
- Industry
- Renewable Energy
- Location
- United Kingdom
- Type
- Growth capital
Low Carbon, an independent power producer focused on renewable energy, has secured a landmark investment from CVC DIF. The deal (expected to close in Q4 2025) will provide committed capital to help Low Carbon expand its installed capacity across the UK and key European markets, including Germany and Poland, with CVC DIF taking a majority controlling stake.
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November 13, 2025
- Buyer
- Ecopetrol S.A.
- Target
- Statkraft's Enerfín Colombia entities (one developer/operator company + six solar project SPVs, ~0.6 GW)
- Seller
- Statkraft European Wind and Solar Holding AS, Enerfín Sociedad de Energía S.L.U, Enerfin Enervento Exterior S.L.
- Industry
- Renewable Energy
- Location
- Colombia
- Type
- Buyout
Ecopetrol S.A. closed its acquisition from Statkraft on November 13, 2025 of one developer/operator company and six special-purpose entities owning ~0.6 GW of solar projects in Colombia for USD 157.5 million. The deal (part of a broader asset purchase agreement to acquire up to ten companies) furthers Ecopetrol’s energy transition strategy and will supply low-emission generation for the Group’s self-consumption while integration into Ecopetrol begins.
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November 5, 2025
- Buyer
- Ares Management, Ares Alternative Credit funds (Ares Management)
- Target
- Plenitude
- Seller
- Eni
- Industry
- Renewable Energy
- Location
- Lombardy, Italy
- Type
- Growth capital
Ares Management, via its Ares Alternative Credit funds and affiliated vehicles, acquired a 20% stake in Plenitude from Eni for €2 billion, valuing the renewable energy and energy solutions company at over €12 billion. The investment will strengthen Plenitude’s shareholder base and support the company’s growth in renewable generation, energy retailing and electrification services as it pursues a target of 10 GW of capacity by 2028.
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October 15, 2025
- Buyer
- Quinbrook Infrastructure Partners
- Target
- Elemental Clean Fuels
- Seller
- Founders of Elemental Clean Fuels, Piney Point Capital
- Industry
- Renewable Energy
- Location
- British Columbia, Canada
- Type
- Buyout
Quinbrook Infrastructure Partners has acquired a strategic majority ownership stake in Elemental Clean Fuels (ECF), marking Quinbrook’s first investment in Canada and providing significant capital to advance ECF’s pipeline of renewable fuels projects across British Columbia and Alberta. The majority stake is being acquired from ECF’s founders and lead investor Piney Point Capital, both of which will remain as substantial minority shareholders and board members following the transaction.
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- Buyer
- Carbon Resilience, ARIA Commodities
- Target
- Kibo Energy PLC
- Industry
- Renewable Energy
- Location
- Queensland, Australia
- Type
- Buyout
Carbon Resilience, an institutional renewable energy platform within ARIA Commodities’ group, announced a US$135 million reverse takeover (RTO) transaction with London-listed Kibo Energy PLC. The deal will be effected through the issuance of approximately 966 million new Kibo shares (following a proposed 1,600-to-1 share consolidation), with the enlarged group targeting large-scale global industrial decarbonisation.
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September 22, 2025
- Buyer
- La Caisse
- Target
- Edify Energy
- Industry
- Renewable Energy
- Location
- Australia
- Type
- Buyout
La Caisse (formerly CDPQ) has entered into binding agreements to acquire Edify Energy, an Australian renewable energy and battery storage developer/operator. The investment is expected to total approximately CAD 1 billion, funding the acquisition and additional equity to support next-phase development of hybrid solar and battery energy storage projects totaling 900 MW / 3,600 MWh and a pipeline exceeding 11 GW.
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September 11, 2025
- Buyer
- AKH HoldCo AS, Aker ASA
- Target
- Aker Horizons Holding AS (AKHH)
- Industry
- Renewable Energy
- Location
- Viken, Norway
- Type
- Divestiture
Aker Horizons Holding AS (AKHH) and AKH HoldCo AS (a subsidiary of Aker ASA) have completed their merger, which was registered on 11 September 2025. As part of the transaction Aker Horizons ASA distributed AKHH shares as a dividend-in-kind to its shareholders: eligible Aker Horizons shareholders will receive NOK 0.267963 in cash and 0.001898 Aker ASA shares per Aker Horizons share (fractions rounded down).
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August 14, 2025
- Buyer
- Conestoga Energy
- Target
- SAFFiRE Renewables, LLC
- Seller
- Southwest Airlines Renewable Ventures LLC
- Industry
- Renewable Energy
- Location
- Texas, United States
- Type
- Buyout
Conestoga Energy has acquired SAFFiRE Renewables, LLC from Southwest Airlines Renewable Ventures LLC, obtaining SAFFiRE’s IP, certain technologies, a proposed pilot production facility, and key technical staff. The acquisition gives Conestoga access to SAFFiRE’s DMR pretreatment technology to produce ultra-low carbon intensity ethanol for sustainable aviation fuel (SAF) and supports plans for a co-located pilot in Liberal, Kansas and future commercial-scale production.
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August 12, 2025
- Buyer
- Zeo Energy Corp.
- Target
- Heliogen, Inc.
- Industry
- Renewable Energy
- Location
- California, United States
- Type
- Buyout
Zeo Energy Corp (Nasdaq: ZEO) completed its acquisition of Heliogen, Inc., combining Zeo’s residential solar and storage footprint with Heliogen’s concentrated solar and long-duration energy storage technology to create an integrated clean energy platform across residential, commercial, and utility markets. The merger closed on August 8, 2025; Pickering Energy Partners served as financial advisor to Heliogen during the strategic process.
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August 5, 2025
- Buyer
- Eazy Grease
- Target
- Liquid Recovery Solutions
- Industry
- Renewable Energy
- Location
- Georgia, United States
- Type
- Buyout
Eazy Grease has completed a strategic merger with Liquid Recovery Solutions, creating a nine-state used cooking oil (UCO) collection network across the U.S. Southeast and Northeast. The combination expands processing and fleet capacity, adds recently acquired assets (including Hulsey Environmental), and positions Eazy Grease as a multi-regional feedstock supplier for the growing renewable diesel market.
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July 30, 2025
- Buyer
- Leeward Renewable Energy (LRE)
- Target
- Twelvemile Solar 1 & 2 (Twelvemile portfolio)
- Seller
- Red River Renewable Energy LLC, SunChase Power LLC, Eolian LP
- Industry
- Renewable Energy
- Location
- Oklahoma, United States
- Type
- Divestiture
Leeward Renewable Energy (LRE) acquired the Twelvemile Solar 1 & 2 portfolio (152 MW combined) from Red River Renewable Energy LLC — a joint venture between SunChase Power LLC and Eolian LP — and has begun construction in southern Oklahoma. The projects are part of LRE's broader Oklahoma solar portfolio, are expected to begin delivering power in early 2026, and will support construction jobs and significant local tax revenue over their operating life.
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July 28, 2025
- Buyer
- Lyten
- Target
- Northvolt Systems' BESS product portfolio (Voltpack Mobile Systems (VMS), Voltrack)
- Seller
- Northvolt Systems
- Industry
- Renewable Energy
- Location
- Stockholm County, Sweden
- Type
- Divestiture
Lyten announced it has secured more than $200 million in additional equity (primarily from existing investors) and acquired the rights to Northvolt's Battery Energy Storage System (BESS) product portfolio, including Voltpack Mobile Systems (VMS) and Voltrack. Core members of Northvolt's energy storage engineering team will join Lyten in Stockholm, and Lyten plans to manufacture VMS and future BESS products in Gdansk, Poland with production targeted for Q4 2025.
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- Buyer
- Barings, Queensland Investment Corporation (QIC)
- Target
- Pacific Energy Group
- Industry
- Renewable Energy
- Location
- Western Australia, Australia
- Type
- Growth capital
Barings and Queensland Investment Corporation (QIC) co-led an A$370 million equity raise for Pacific Energy Group (PEG), Australia's largest remote energy platform. The growth capital will fund PEG’s long-term investment plans, refinance the business, and support delivery of its renewable and hybrid energy project pipeline across Western Australia and the east coast. Campbell Lutyens acted as placement agent for the raising.
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- Buyer
- HitecVision, Midas Industri AS
- Target
- Vow Green Metals
- Industry
- Renewable Energy
- Location
- Norway
- Type
- Buyout
HitecVision has completed its acquisition of a 91.4% stake in Vow Green Metals (via its vehicle Midas Industri AS), becoming the company's majority shareholder and initiating a delisting from Euronext Growth Oslo. The new ownership will support Vow Green Metals' plan to scale biocarbon production capacity across Norway and develop an integrated industrial platform to supply metallurgical and other heavy industries.
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- Buyer
- Soltech Energy Sweden AB (publ), Nordic Capital
- Target
- Sesol Group AB
- Seller
- Nordic Capital
- Industry
- Renewable Energy
- Location
- Sweden
- Type
- Buyout
Soltech Energy Sweden AB (publ) has signed an agreement to acquire 100% of Sesol Group AB, a solar energy company. The purchase price will be paid with newly issued Soltech shares, making Nordic Capital the company’s largest shareholder with roughly 30% ownership post-transaction. The deal is subject to regulatory approvals and approval by an Extraordinary General Meeting.
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- Buyer
- LS Power
- Target
- ENGIE Services U.S. (rebranded as OPTERRA Energy Services)
- Seller
- ENGIE
- Industry
- Renewable Energy
- Location
- California, United States
- Type
- Buyout
LS Power has completed its acquisition of ENGIE Services U.S., which will operate under its legacy name OPTERRA Energy Services. The acquisition adds OPTERRA's energy-efficiency, renewables, storage, microgrid and operations capabilities — and nearly 300 staff — to LS Power's portfolio to expand its low-carbon and customer-facing energy solutions.
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- Buyer
- Brookfield Asset Management, Brookfield Renewable Partners L.P.
- Target
- National Grid Renewables (now Geronimo Power)
- Seller
- National Grid plc
- Industry
- Renewable Energy
- Location
- Minnesota, United States
- Type
- Buyout
Brookfield Asset Management, together with its institutional partners including Brookfield Renewable Partners, completed the acquisition of National Grid Renewables from National Grid plc and will operate the business under the Geronimo Power brand. The Minneapolis-headquartered company develops and operates utility-scale solar, wind and energy storage (about 2 GW operating, 1 GW under construction and ~20 GW in development) and will continue scaling Brookfield’s U.S. renewables platform.
-
May 25, 2025
- Buyer
- Freedom CNG
- Target
- X3 CNG, Lancer Energy
- Industry
- Renewable Energy
- Location
- United States
- Type
- Buyout
Houston-based Freedom CNG has acquired Colorado operator X3 CNG and Utah-based Lancer Energy to expand its compressed renewable natural gas (C/RNG) and multi-fuel fueling footprint across the Western United States. The deals add X3 CNG's public-access CNG network (including major sites in Colorado Springs and Greeley) and Lancer Energy's expertise in building and maintaining CNG, RNG, EV and hydrogen fueling infrastructure.
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- Buyer
- Carlyle Global Infrastructure (The Carlyle Group)
- Target
- Portfolio of energy projects carved out from Amp Energy (Australia & United Kingdom)
- Seller
- Amp Energy
- Industry
- Renewable Energy
- Location
- South Australia, Australia
- Type
- Divestiture
The Carlyle Group's infrastructure arm has launched Revera Energy, a new independent energy infrastructure platform backed by Carlyle Global Infrastructure. Revera's initial portfolio comprises projects carved out and acquired from Amp Energy across Australia and the United Kingdom, focusing on battery storage, utility-scale solar and green hydrogen development.
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May 15, 2025
- Buyer
- TerraForm Power
- Target
- Sun Tribe Development LLC
- Industry
- Renewable Energy
- Location
- Virginia, United States
- Type
- Divestiture
On May 15, 2025, TerraForm Power, an affiliate of Brookfield Asset Management / Brookfield Renewable, acquired Sun Tribe Development LLC, buying the development business and its 4.1 GW pipeline and integrating the development team. The deal transfers the entirety of Sun Tribe Development's project pipeline and personnel to TerraForm Power, more than doubling TerraForm Power's development pipeline to over 6,000 MW while Sun Tribe's EPC and O&M businesses continue to operate independently.
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- Buyer
- HitecVision
- Target
- Polska Grupa Biogazowa
- Seller
- TotalEnergies
- Industry
- Renewable Energy
- Location
- Masovian Voivodeship, Poland
- Type
- Divestiture
HitecVision has agreed to buy a 50% stake in Polska Grupa Biogazowa (PGB) from TotalEnergies for an enterprise value of €190 million under a signed SPA. PGB is Poland’s leading biogas operator with 20 operating units and c.450 GWh of equivalent biomethane capacity (targeting 2 TWh by 2030); the partnership will support scaling via greenfield projects and M&A and remains subject to regulatory approvals.
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- Buyer
- RM Capital Partners
- Target
- Integrated Solar Operations d/b/a ISO Solar
- Industry
- Renewable Energy
- Location
- Puerto Rico, United States
- Type
- Buyout
RM Capital Partners, a Chicago-based private equity firm, has completed the acquisition of Integrated Solar Operations d/b/a ISO Solar, a turnkey solar energy provider serving residential, commercial, and government customers across Puerto Rico. RM Capital plans to support ISO Solar's growth through investments in people, products, services and infrastructure to capture rising demand for energy resiliency and lower-cost alternatives to the island's centralized grid.
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May 13, 2025
- Buyer
- Certek
- Target
- GEV Wind Power
- Seller
- Bridges Fund Management
- Industry
- Renewable Energy
- Location
- East Riding of Yorkshire, United Kingdom
- Type
- Buyout
Certek, a sector-focused investment vehicle led by David Harrison and supported by Macquarie Group, has acquired GEV Wind Power from Bridges Fund Management. GEV, headquartered in Hessle, East Riding of Yorkshire, is a global specialist in wind turbine rotor blade repair and O&M and will be supported by Certek and GEV management to expand capacity and pursue supply‑chain consolidation; terms were not disclosed.
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May 10, 2025
- Buyer
- Octopus Energy Generation, Octopus Energy Development Partnership (OEDP)
- Target
- MN Projekt GmbH
- Industry
- Renewable Energy
- Location
- Hamburg, Germany
- Type
- Buyout
Octopus Energy Generation, via the Octopus Energy Development Partnership (OEDP), has acquired Hamburg-based renewable developer MN Projekt GmbH, adding a c.2 GW pipeline of solar and battery storage projects in Germany. The deal expands Octopus's project pipeline and storage capabilities as it accelerates its investment plans in Germany and supports the country’s target of significantly higher renewable electricity by 2030.
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April 8, 2025
- Buyer
- Empower Solar
- Target
- Radix RDX LLC
- Industry
- Renewable Energy
- Location
- California, United States
- Type
- Buyout
Empower Solar and Radix RDX LLC completed a merger to combine Empower's installation capabilities with Radix's sales organization. The combined business will operate under the Empower Solar name and expands Empower's installer footprint and service offerings into Arizona, including the Phoenix metro area.
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- Buyer
- CVC DIF (through DIF Infrastructure VII)
- Target
- BALANCE Erneuerbare Energien GmbH
- Seller
- VNG AG
- Industry
- Renewable Energy
- Location
- Saxony, Germany
- Type
- Growth capital
CVC DIF (via the DIF Infrastructure VII fund) has agreed to acquire a 49% stake in BALANCE Erneuerbare Energien, the biogas subsidiary of Leipzig-based VNG AG, in a growth partnership to support the business’s expansion. BALANCE operates 42 biogas facilities in northern and eastern Germany (≈197 MW thermal) and supplies green energy to roughly 180,000 households; the transaction is subject to antitrust approval.
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March 5, 2025
- Buyer
- Ares Management Corporation (Infrastructure Opportunities funds), Unregulated affiliate of NorthWestern Energy Group, Inc.
- Target
- Dynamic Renewables, BC Organics, National Organics
- Industry
- Renewable Energy
- Location
- Indiana, United States
- Type
- Buyout
Sagepoint Energy launched as a newly combined waste-to-energy platform by bringing together Dynamic Renewables, BC Organics and National Organics. The Carmel, Indiana–headquartered company is majority owned by Ares Management Infrastructure Opportunities funds with a minority investment from an unregulated affiliate of NorthWestern Energy, and will develop, own and operate anaerobic digestion/RNG, biorefinery and organics-collection capabilities across the U.S.
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March 1, 2025
- Buyer
- KKR
- Target
- Enilive
- Seller
- Eni
- Industry
- Renewable Energy
- Location
- Italy
- Type
- Growth capital
KKR has signed an agreement to acquire an additional 5% stake in Enilive from Eni for €587.5 million, bringing KKR’s total ownership to 30%. The investment continues KKR’s infrastructure strategy involvement in Enilive, Eni’s mobility transformation company focused on biorefining, biomethane production, and smart mobility solutions.
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February 24, 2025
- Buyer
- Macquarie Asset Management (MAM), Treaty Oak Clean Energy
- Target
- Galehead Development
- Seller
- Galehead Founders (GDF)
- Industry
- Renewable Energy
- Location
- Massachusetts, United States
- Type
- Addon
Macquarie Asset Management will acquire the remaining controlling interests in Galehead Development from Galehead Founders via funds managed by MAM, and Galehead will become a wholly owned subsidiary of Treaty Oak Clean Energy. The integration pairs Galehead's LandCommand-enabled development pipeline (over 20 GWAC across more than 20 states) with Treaty Oak's IPP capabilities to expand geographic reach and accelerate commercialization of utility-scale solar, wind and storage projects; Galehead founders will form ETX Upstream to pursue upstream Energy Transition activities.
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February 10, 2025
- Buyer
- Arcadia
- Target
- RPD Energy
- Industry
- Renewable Energy
- Location
- District of Columbia, United States
- Type
- Buyout
Arcadia, the global utility data and energy solutions platform, has acquired RPD Energy (Renewable Power Direct) to expand its Enterprise Energy Procurement Advisory offerings. The acquisition brings RPD’s renewable procurement structuring, analytics, and 24/7 carbon-free energy capabilities into Arcadia’s platform; RPD EVP Rohit Marwaha will lead Arcadia’s onsite and offsite procurement advisory offerings.
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January 31, 2025
- Buyer
- The Awareness Group (TAG) (trading as Freedom Holdings)
- Target
- Renewable Energy Products Manufacturing Corp. (REPM)
- Industry
- Renewable Energy
- Location
- New Jersey, United States
- Type
- Buyout
The Awareness Group (TAG), trading as Freedom Holdings (FHLD), announced the acquisition of Renewable Energy Products Manufacturing Corp. (REPM), a commercial solar energy solutions provider headquartered in Collingswood, New Jersey. The deal is intended to integrate REPM into TAG's TAG GRID platform to accelerate TAG's commercial solar capabilities, expand its market footprint across 16 states and leverage REPM's technology, installation experience and existing project pipeline.
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- Buyer
- Standard Solar
- Target
- Churchill Street Solar Farm
- Seller
- Sunfarm Solar
- Industry
- Renewable Energy
- Location
- Massachusetts, United States
- Type
- Divestiture
Standard Solar has acquired the 3.2 MW Churchill Street Solar Farm in Pittsfield, Massachusetts from developer Sunfarm Solar, expanding its operating solar portfolio in the state. The ground-mounted, five-array project will be added to Standard Solar's owned assets as the company continues to grow its presence in the Massachusetts renewable energy market.
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January 25, 2025
- Buyer
- Brookfield Asset Management Ltd., Antin Infrastructure Partners
- Target
- Origis Energy
- Industry
- Renewable Energy
- Location
- Florida, United States
- Type
- Growth capital
Origis Energy has received a strategic investment from Brookfield Asset Management alongside additional commitments from existing sponsor Antin Infrastructure Partners that could total more than $1 billion. The capital will accelerate Origis Energy’s growth as an independent power producer, advancing its ~1 GW operating solar and storage portfolio, near-term projects and a multi-gigawatt development pipeline across the United States.
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January 20, 2025
- Buyer
- Standard Chartered
- Target
- Apterra (Apollo affiliate)
- Seller
- Apollo Asset Management
- Industry
- Renewable Energy
- Location
- New York, United States
- Type
- Growth capital
Standard Chartered has entered a long-term strategic partnership with Apollo to provide up to $3 billion of clean energy and infrastructure financing and has purchased a minority equity stake in Apterra, an Apollo-owned infrastructure origination platform. As part of the arrangement, Standard Chartered will provide a senior secured credit facility to Apollo Clean Transition Capital (ACT Capital) while Apterra will lead origination, structuring and deployment of debt capital for infrastructure and energy transition projects.
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January 16, 2025
- Buyer
- Infinium
- Target
- Greyrock Technology
- Industry
- Renewable Energy
- Location
- California, United States
- Type
- Buyout
Infinium has completed the acquisition of gas conversion specialist Greyrock Technology in conjunction with the first tranche close of its Series C preferred stock round led by Brookfield Asset Management. The deal expands Infinium’s portfolio of gas conversion technologies, proprietary catalysts and patents to support growth of its eFuels and advanced energy offerings.
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January 13, 2025
- Buyer
- Macquarie Asset Management
- Target
- DESRI
- Seller
- D. E. Shaw group
- Industry
- Renewable Energy
- Location
- United States
- Type
- Growth capital
Macquarie Asset Management (MAM) completed a previously announced significant minority investment in DESRI through several MAM-managed funds. The deal involves up to approximately $1.725 billion and is intended to support DESRI’s growth and reinforce its position in utility-scale U.S. renewable energy.
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January 8, 2025
- Buyer
- LS Power, Clearlight Energy (formed by LS Power)
- Target
- Algonquin Power & Utilities Corp.'s renewable energy business (excluding hydro)
- Seller
- Algonquin Power & Utilities Corp.
- Industry
- Renewable Energy
- Location
- Ontario, Canada
- Type
- Buyout
LS Power completed its acquisition of Algonquin Power & Utilities Corp.'s renewable energy business (excluding hydro) for up to $2.5 billion. The deal adds operating wind and solar assets and expands LS Power’s renewable pipeline, with Clearlight Energy formed to manage the acquired operating assets and REV Renewables taking additional U.S. development projects.
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December 27, 2024
- Buyer
- JSW Neo Energy, JSW Energy
- Target
- O2 Power
- Seller
- EQT Infrastructure IV (EQT), Temasek
- Industry
- Renewable Energy
- Location
- Haryana, India
- Type
- Buyout
JSW Neo Energy, a wholly owned subsidiary of JSW Energy, has agreed to acquire O2 Power from EQT Infrastructure IV and Temasek for USD 1.5 billion. O2 Power, headquartered in Gurgaon, India, is a utility-scale renewable energy platform with c.4.7 GW of secured capacity and a team of over 300 employees.
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December 19, 2024
- Buyer
- Franklin Energy, Abry Partners
- Target
- AESC, EVA Green Power
- Industry
- Renewable Energy
- Location
- California, United States
- Type
- Addon
Franklin Energy, a portfolio company of Abry Partners, acquired AESC (Alternative Energy Systems Consulting) and EVA Green Power to expand its clean energy engineering, consulting, and distributed energy capabilities. The add-on acquisitions broaden Franklin Energy’s capacity across energy efficiency, demand-side management, solar, storage, EV charging and EPC services, and bolster its integrated offerings for utilities, governments, and commercial & industrial clients.
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December 18, 2024
- Buyer
- LDC
- Target
- Power Saving Solutions
- Industry
- Renewable Energy
- Location
- Nottinghamshire, United Kingdom
- Type
- Growth capital
LDC, the private equity arm of Lloyds Banking Group, has made a significant growth investment in Mansfield-based Power Saving Solutions to support product development, manufacturing expansion and diversification into new end markets. The investment will back the existing management team and fund R&D, manufacturing capacity increases and commercial growth across sectors such as construction, transport and utilities.
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December 17, 2024
- Buyer
- CleanCapital, Manulife Investment Management
- Target
- Kendall Sustainable Infrastructure, LLC
- Seller
- Kendall Sustainable Infrastructure, LLC
- Industry
- Renewable Energy
- Location
- Massachusetts, United States
- Type
- Divestiture
CleanCapital acquired a portfolio of 40 solar assets totaling 22.7 MW from Kendall Sustainable Infrastructure (KSI), expanding its operating distributed solar footprint across Vermont, New York and California. Manulife Investment Management and its institutional co-investors committed an additional $145 million of equity to CleanCapital to fund development, construction and future acquisitions; the sale closes out KSI’s first fund dedicated to community solar.
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December 6, 2024
- Buyer
- Energea
- Target
- HGR Energy
- Industry
- Renewable Energy
- Location
- Illinois, United States
- Type
- Growth capital
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.
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December 2, 2024
- Buyer
- MA Solar Italy Limited, McLaren Applied Group
- Target
- FIMER
- Industry
- Renewable Energy
- Location
- Lombardy, Italy
- Type
- Buyout
MA Solar Italy, a subsidiary of McLaren Applied Group, has acquired Italian solar inverter manufacturer FIMER, which had been in Extraordinary Administration. The deal (terms undisclosed) is intended to support FIMER's restructuring, preserve jobs and operations, and capture synergies between FIMER's inverter technology and McLaren's engineering capabilities.
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Frequently Asked Questions
Who are the most active buyer types in these renewables transactions?
Infrastructure and private-equity funds and strategic corporates are prominent. Recurring buyers listed include Ares Management, Quinbrook Infrastructure Partners, Ember Infrastructure, and sponsor-backed groups such as H.I.G. Infrastructure; strategic corporates like Ecopetrol S.A. also appear.
Which technologies or subsectors are drawing acquisition interest?
Deals target utility-scale solar and balance-of-system capabilities (e.g., eBOS), energy storage and concentrated-solar technologies, renewable fuels and feedstock collection, and geoexchange/HCaaS solutions — illustrated by transactions involving GameChange Energy Technologies, Zeo Energy Corp., Conestoga Energy, and ERA Partners LLC’s investment in GeoTility Systems Corp..
Are these transactions geographically concentrated or international?
Activity is geographically diverse. Recent events cover multiple U.S. states (including Texas, Michigan, California), Canada (British Columbia), Colombia, and parts of Europe (Italy and Norway), indicating cross-border investment and regional platform builds.
What deal structures are common in this set of transactions?
Observed structures include asset and project acquisitions (project SPVs and IP), majority equity investments and strategic stakes, mergers, and take-privates. Examples: asset purchases by Ecopetrol S.A., a 20% stake by Ares Management in Plenitude, and the merger/redistribution involving Aker ASA/Aker Horizons.