Tracked deals
8
8 tracked deals across 2021-2025.
Renewable Energy Buyers & Acquisitions in Virginia
Buyer mix
Mixed buyer set
4 pe · 4 strategic
Top trend
Volume peaked in 2025
2 tracked deals announced in 2025.
Buyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Antin Infrastructure Partners | 1 | Global private equity firm focused on infrastructure inve... | PE |
| Ares Management (Infrastructure Opportunities fund) | 1 | Global alternative investment manager with dedicated infr... | PE |
| Ares Management Corporation | 1 | Global alternative investment manager with an Infrastruct... | PE |
| Aypa Power | 1 | Developer, owner and operator of utility-scale battery en... | Strategic (PE-backed) |
| Blackstone | 1 | Global alternative asset manager investing across private... | PE |
| Brookfield Renewable | 1 | Publicly traded global owner, operator and developer of r... | Strategic |
| Clal Insurance & Finance | 1 | Co-investor participating through funds and co-investment... | Mixed |
| EGCO Group | 1 | Co-investor participating through funds and co-investment... | Mixed |
| EQT Foundation | 1 | Philanthropic organization and long-term shareholder asso... | Investor |
| IMM Investment Global | 1 | Co-investor participating through funds and co-investment... | Mixed |
Acquisition Volume in Renewable Energy in Virginia by Year
Last 5 years
Supporting Data
Recent Transactions
-
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.
-
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.
-
April 16, 2024
- Buyer
- Madison Energy Infrastructure
- Target
- Sun Tribe Solar
- Seller
- Sun Tribe
- Industry
- Renewable Energy
- Location
- Virginia, United States
- Type
- Divestiture
Madison Energy Infrastructure has acquired Sun Tribe's commercial assets, project pipeline, and commercial development team (Sun Tribe Solar), including onboarding of the commercial development leadership. The divestiture lets Sun Tribe sharpen its focus on utility- and community-scale solar while enabling Madison to expand its municipal and K-12 solar footprint and continue the Solar Empowered Schools program nationally.
-
December 4, 2023
- Buyer
- Ares Management (Infrastructure Opportunities fund)
- Target
- Burnham RNG
- Seller
- Edge Natural Resources
- Industry
- Renewable Energy
- Location
- Virginia, United States
- Type
- Buyout
A fund managed by Ares Management's Infrastructure Opportunities strategy has acquired Burnham RNG from Edge Natural Resources. The investment will support Burnham's development and construction of a pipeline of renewable natural gas (RNG) and waste-to-biogas projects across the United States, including the Pasco Resource Recovery Center in Pasco, Washington.
-
February 17, 2023
- Buyer
- Antin Infrastructure Partners
- Target
- PearlX
- Industry
- Renewable Energy
- Location
- Virginia, United States
- Type
- Buyout
Antin Infrastructure Partners has acquired a majority stake in PearlX, a U.S.-based owner and operator of smart grid infrastructure focused on decarbonizing multifamily rental properties. The investment, the first North America commitment from Antin's NextGen platform, will be used to scale PearlX's team and deployment of solar, battery storage and electrification solutions across the U.S.
-
- Buyer
- Aypa Power, Blackstone
- Target
- Yadkins Energy Storage project
- Seller
- East Point Energy
- Industry
- Renewable Energy
- Location
- Virginia, United States
- Type
- Divestiture
Aypa Power, a Blackstone portfolio company, has purchased the 100 MW Yadkins Energy Storage project in Chesapeake, Virginia from developer East Point Energy. East Point will continue to provide development services on the project, which is intended to increase grid resilience and support Virginia's clean energy goals.
-
January 26, 2022
- Buyer
- Brookfield Renewable, Institutional partners
- Target
- Urban Grid
- Industry
- Renewable Energy
- Location
- Virginia, United States
- Type
- Buyout
Brookfield Renewable acquired clean power developer Urban Grid and its pipeline of approximately 20,000 MW (13,000 MW solar and 7,000 MW storage) across 12 U.S. states for $650 million. The deal roughly triples Brookfield Renewable's U.S. development pipeline and Urban Grid will continue to operate under its brand as an independent power producer (IPP).
-
- Buyer
- Ares Management Corporation, EGCO Group, Varma Mutual Pension Insurance Company, Clal Insurance & Finance, Menora Mivtachim Group, ST International Corporation, Morgan Stanley Investment Management's Portfolio Solutions Group, The Hartford, Poalim Equity, IMM Investment Global
- Target
- Apex Clean Energy
- Industry
- Renewable Energy
- Location
- Virginia, United States
- Type
- Growth capital
Ares Management Corporation’s Infrastructure and Power strategy, through funds and other accounts, has agreed to acquire a majority stake in Apex Clean Energy. The investment is intended to provide Apex with additional equity growth capital as it transitions to a pure-play renewable energy independent power producer (IPP) and expands into areas such as energy storage, distributed energy resources, and green fuels.
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