Repsol, TotalEnergies find partners for renewables, green hydrogen pursuits

TOP M&A NEWS

➤ Repsol finds heavyweight partners for rapidly growing renewables unit

Analysts said Repsol SA's sale of a 25% stake in its renewable energy business to Crédit Agricole Assurances SA and Energy Infrastructure Partners AG represents an attractive implied valuation as the Spanish oil major described the deal as a "validation" of its renewables strategy.

➤ TotalEnergies, Adani join hands to launch green hydrogen platform

TotalEnergies SE struck a deal to acquire a 25% stake in Adani New Industries Ltd., which will be the exclusive platform of Adani Enterprises Ltd. and TotalEnergies for green hydrogen production in India.

➤ Innergex closes acquisition of 332-MW wind portfolio in Chile

Canada-based Innergex Renewable Energy Inc. completed its acquisition of a 332-MW portfolio of three operating wind assets in Chile for $685.6 million.

The combined value of oil and gas deals in June totaled $7.84 billion through June 15, compared to $14.29 billion for all of June 2021, according to S&P Global Market Intelligence data. Utility M&A deals aggregated to $2.76 billion as of June 15, compared to $10.49 billion of utility deals in June 2021.

NORTH AMERICA

* DCP Midstream to acquire Permian Basin assets for $160M

* Kiwetinohk Energy acquires planned 150-MW solar project in Alberta

* Matador acquires Summit Midstream's Delaware Basin midstream assets

EUROPE

* Terna Energy weighs options for potential takeover – Bloomberg

* Eolus, Hydro REIN divest 75% interest in Swedish wind farm

* Octopus Energy buys rights to build wind farm in Germany

LATIN AMERICA AND CARIBBEAN

* Atlas Renewable acquires 378-MW Brazilian wind farm from Voltalia

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This edition covers M&A news in the energy and utilities sector from June 9 through June 16. M&A transaction data in the current month is subject to revision.