Renewable Energy Acquisitions in United States

Standard Solar acquired the Churchill Street Solar Farm from Sunfarm Solar, expanding its portfolio of operating solar assets in Massachusetts. The acquired 3.2 MW ground-mounted project is located in Pittsfield and is described as one of the largest solar systems in the Northeast.

Intersolar & Energy Storage North America (IESNA) announced it has acquired Midwest Solar Expo (MWSE), expanding its regional offerings for solar and energy storage professionals in the U.S. Midwest. The transaction adds MWSE to IESNA producer Diversified Communications’ clean energy events portfolio; Grimes, McGovern & Associates served as exclusive advisor to Midwest Solar Expo.

A fund managed by Ares Management's Infrastructure Opportunities strategy acquired Burnham RNG from Edge Natural Resources. The investment will support Burnham RNG’s development and construction pipeline of renewable natural gas assets across the United States, building on its anaerobic digestion and organic waste management platform.

Integrated Power Services (IPS) has acquired Lighthouse Global Energy, an Abilene, Texas-based OEM wind turbine parts supplier and manufacturer. The deal expands IPS’s capabilities in utility-scale renewable energy power generation by adding Lighthouse’s wind parts distribution, in-house engineering, testing, and repair expertise, strengthening IPS’s presence in the West Texas wind market.

TSG Consumer Partners made a growth investment in Trinity Solar, a residential renewable energy home services platform providing solar, battery storage, and related energy services. Trinity Solar’s management team will remain in place to lead the company through its next phase of expansion; financial terms were not disclosed.

Matrix Renewables, a TPG Rise-backed renewable energy platform, acquired the Stillhouse Solar Project, a 284 MWdc late-stage solar development in Bell County, Texas, from OCI Solar Power. The project is expected to begin construction in 2024 with commercial operations targeted for 2025.

BluEarth Renewables US LLC acquired a portfolio of seven wind and solar development projects in the United States totaling approximately 1 GW from Ozone Renewables, LLC. The projects are located across Washington, Oregon, Ohio, and Oklahoma, and will be advanced under a development services agreement with Pivot Power Management.

Green Rock Energy Partners LLC acquired PSA South Hills Landfill Gas Venture LLC ("South Hills"), a renewable natural gas production facility, with the transaction closing in Q4 2022. The facility, located in South Park Township, Pennsylvania, upgrades landfill biogas into renewable natural gas to be sold into the vehicular transportation market as renewable compressed natural gas.

Pivot Energy, a national renewable energy provider owned by energy transition investor ECP, announced the acquisition of SGC Power, a Maryland-based community solar developer. SGC Power will continue to operate as a business unit under the Pivot Energy brand, expanding Pivot’s community solar development capabilities and market reach.

Cypress Creek Renewables acquired a 100MW solar transmission project from Carson Power to expand its NYISO development portfolio in New York. The project is located near Rochester, New York, is in early-stage development, and is expected to enter service in 2026. Carson Power will continue to co-develop the project while Cypress Creek leads principal development, offtake, procurement, and financing.

Spruce Power acquired Level Solar’s entire portfolio of 2,637 residential rooftop solar assets totaling 16.5 MW-dc. The portfolio has been managed by SUNation Energy since 2017, and the acquisition closed in early July 2022, expanding Spruce Power’s residential solar asset base in the Northeastern United States.

A fund managed by BlackRock Real Assets has acquired Vanguard Renewables from Vision Ridge Partners. BlackRock Real Assets will partner with Vanguard Renewables’ management team to support expansion of the company’s organics-to-renewable energy platform, including plans to commission more than 100 anaerobic digesters producing renewable natural gas across the United States by 2026.

Legence, an Energy Transition Accelerator and Blackstone portfolio company, announced it has acquired Black Bear Energy. The acquisition expands Legence’s renewable energy procurement services and strengthens its capabilities to help decarbonize the built environment through technology-enabled clean energy procurement and onsite renewable project execution.

Pfingsten has sold Dynapower to Sensata Technologies in a transaction that closed on July 12, 2022. Dynapower, headquartered in South Burlington, Vermont, designs and manufactures energy storage and power conversion systems used across renewable energy, green hydrogen, EV charging, microgrids, and certain industrial and defense applications.

GEF Capital Partners completed the acquisition of Lifecycle Renewables Inc., a producer of renewable heating oil made from used cooking oil. The investment is intended to help Lifecycle Renewables expand production of its LR100 biogenic fuel and broaden its geographic reach beyond the Northeast and Mid-Atlantic to meet growing demand for sustainable fuels in North America.

CleanCapital acquired 100% of BQ Energy (BQE), a developer of renewable energy projects on landfills and brownfield sites. BQ Energy will operate as a wholly owned, independently operated subsidiary, and CleanCapital will fund development across BQE’s solar project pipeline totaling over 1,000 MW across late- and mid-stage projects.

TAKKION TP&L Holdings LLC, a portfolio company of Apollo Global Management affiliates, acquired Harvest Energy Services, LLC, an independent provider of renewable energy operations and maintenance solutions. The deal expands TAKKION’s scale and capabilities in the wind services market, including blade repair expertise and a training center in Broomfield, Colorado.

Concentric Equity Partners and Northaven Capital Partners announced the sale of Airway Services LLC to Takkion TP&L Holdings LLC. Airway Services provides utility-scale wind energy project repair, maintenance, construction, and related technical staffing and operations support across the United States.

BlackRock Real Assets acquired 100% of the equity of National Renewable Solutions (NRS), a Minneapolis-based renewable energy developer focused on early-stage wind and solar projects in the United States. The investment, made through BlackRock's Global Renewable Power platform, is intended to accelerate NRS’s 3.5 GW development pipeline across several Western U.S. states. Financial terms were not disclosed.

ReGenerate Energy Holdings, a joint venture between Ember Infrastructure and ReEnergy Biomass Operations, completed the acquisition of Albany Green Energy, a 50 MW biomass heat-and-power facility in Albany, Georgia. The facility was acquired from a subsidiary of Exelon Generation Company and expands ReGenerate’s operating biomass generation portfolio; financial terms were not disclosed.

Pearce Renewables, a division of Pearce Services, acquired Mortenson Energy Services, LLC (MES) to expand its operations, maintenance, and repair capabilities for renewable energy infrastructure. MES adds specialized wind (and solar) corrective maintenance, blade repair, and component exchange capabilities, strengthening Pearce Renewables’ national service offering.

LS Power announced it has completed the acquisition of distributed energy infrastructure solutions provider GI Energy. Following the transaction, GI Energy will be rebranded as Endurant Energy and positioned for accelerated growth as a developer, owner, and operator of distributed clean energy solutions such as microgrids and battery energy storage.

Sunpro Solar secured investments from Compass Group Equity Partners, MGG Investment Group, TGP Investments, and Millstone Capital Advisors. The funding will support Sunpro Solar’s continued growth and expansion across North America. Sunpro Solar is headquartered in New Orleans, Louisiana and operates in 16 states.