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Ontario Power on C$5B buying spree; 5 bidders for EDP's 2-GW hydro assets


Insight Weekly: US inflation soars; real estate faces slowdown; megadeals drive tech M&A


Infographic: Q1’22 U.S. Wind Power by the Numbers


Understanding Loss Given Default A Review of Three Approaches


Insight Weekly: Path to net-zero; US manufacturing momentum; China's lithium M&A frenzy

Ontario Power on C$5B buying spree; 5 bidders for EDP's 2-GW hydro assets

US/Canada M&A

Ontario Power Generation bulking up on generation with gas, hydro buys

Ontario Power Generation Inc. has been on an asset-buying spree that is nearing C$5 billion as its bulks up its baseload assets and moves to increase returns for its sole shareholder, the provincial government.

El Paso Electric deal helps boost Q2'19 utility M&A value

An investment firm's $4.3 billion takeout of Texas investor-owned utility El Paso Electric Co. provided a substantial chunk of the deal value among North American utilities and power providers in the second quarter.

Antin to buy Veolia's US district energy portfolio for $1.25B

Private equity firm Antin Infrastructure Partners is acquiring the U.S. district energy assets of optimized resource management group Veolia Environnement SA for $1.25 billion.

TransAlta, Capital Power agree to swap interests in coal-fired plants

TransAlta Corp. and Capital Power Corp. have agreed to swap interests in the Keephills 3 and the Genesee 3 facilities in Alberta.

Dutch asset manager acquires 203-MW wind portfolio in US

DIF Infrastructure V, a fund managed by Netherlands-based DIF Management BV, closed its acquisition of a 203-MW wind portfolio in the U.S.

Capital Dynamics acquires 180-MW solar project in Nevada

Capital Dynamics Inc. acquired the 180-MWac Townsite solar project in Nevada from Skylar Resources LP for an undisclosed amount.

MGE, WEPCO to acquire 150 MW of solar capacity in Wisconsin

Madison Gas and Electric Co. and Wisconsin Electric Power Co. on Aug. 1 filed a joint application with the Public Service Commission of Wisconsin, seeking to acquire the remaining 150 MW of the Badger Hollow solar farm.

JEA launches competitive process for privatization, other ownership options

JEA formally launched the solicitation process for proposals for its privatization and other strategic alternatives to eliminate constraints to the Florida municipal utility's growth.

Macquarie wraps sale of interests in 4 Idaho wind facilities

Macquarie Infrastructure Corp. completed the sale of its membership interests in four wind projects totaling 66 MW in Twin Falls County, Idaho, to a fund managed by DIF Management BV.

Riverstone unit wins FERC approval to sell NY, Maine biomass facilities stakes

The Federal Energy Regulatory Commission has approved ReEnergy Holdings LLC's request to transfer its ownership interests held indirectly by Riverstone Holdings LLC to individual owners.

Peak Utility Services expands footprint with buy of Utility Sales & Service

Denver, Colo.-based Peak Utility Services Group Inc. expanded its subsidiary, SiteWise LLC, with the acquisition of Utility Sales & Service Inc., according to a news release.

Power Energy closes acquisition of Nautilus Solar Energy

Power Energy Corp. announced it completed the acquisition of Summit, N.J.-headquartered Nautilus Solar Energy LLC from management and Virgo Investment Group LLC.

FERC approves Atlantic Power's purchase of 2 biomass plant stakes from AltaGas

FERC has approved Atlantic Power Corp.'s proposed purchase of ownership interests in two contracted biomass power facilities from AltaGas Power Holdings (U.S.) Inc. for $20 million.

I Squared Capital, Twenty First Century Utilities enter strategic partnership

I Squared Capital's ISQ Global Infrastructure Fund II LP has acquired Twenty First Century Utilities LLC's pipeline of investment opportunities as part of their new exclusive, strategic partnership.

Spark Power announces acquisition of 3-Phase Electrical

Ontario-based Spark Power Group Inc. is expanding its footprint in western Canada with the acquisition of Winnipeg, Manitoba-based 3-Phase Electrical Ltd., a low-voltage electrical service and contracting company.

Denham exits African renewables IPP after eight years, selling to Actis

Denham Capital Management LP has sold its entire interest in African renewable power company BioTherm Energy (Pty) Ltd. to U.K.-based Actis Capital for an undisclosed sum.

Aqua America to acquire water system from Ohio's Campbell city

A subsidiary of Aqua America Inc. agreed to acquire the city of Campbell's water treatment plant and distribution system in Ohio for $7.5 million.

Soltage closes acquisition of 14-MW solar portfolio

Independent power producer Soltage LLC completed the acquisition of a 14-MW solar portfolio from developer ReNew Petra. Financial terms of the deal were not disclosed.

Europe M&A

Report: Five bidders for EDP's 2-GW hydro assets

Five groups have put in nonbinding bids for 2 GW of Portuguese hydro capacity put up for sale by EDP - Energias de Portugal SA, according to a Spanish news report.

EDPR closes sale of 997-MW European wind portfolio stake

EDP Renováveis SA has completed the sale of its ownership of a 997-MW onshore wind portfolio in Europe to JP Morgan Asset Management-advised institutional investors.

ABO Wind sells 450 MW of renewable projects in Spain

German project developer ABO Wind AG sold 450 MW of wind and solar projects under development in Spain to two unnamed investors. Terms of the deal were not disclosed.

Macquarie to acquire 400-MW German offshore wind farm

Macquarie Infrastructure & Real Assets Inc. has agreed to acquire the 400-MW BARD Offshore 1 wind farm in Germany from Unicredit for undisclosed terms.

Report: Quercus to sell 320-MW European wind, solar portfolio

U.K.-based renewable investment firm Quercus Investment Partners LLP intends to sell a 320-MW wind and solar portfolio in Europe.

Marguerite II fund to acquire interest in Italgas units in SardiniaBayer, Lanxess to sell Currenta JV to Macquarie Infrastructure and Real Assets

Bayer AG and Lanxess AG agreed to sell their stakes in the Currenta GmbH & Co. OHG joint venture to funds managed by infrastructure investor Macquarie Infrastructure & Real Assets Inc.

France's Neoen to exit biomass business

French renewable energy company Neoen SA has decided to withdraw from the biomass sector in an effort to sharpen its focus on its solar, wind and storage segments.

Neoen acquires Irish wind farm portfolio

French renewables developer Neoen has acquired eight operational wind farms in Ireland for €25.8 million in cash. The portfolio represents an enterprise value in the range of €46 million.

Marguerite II fund to acquire interest in Italgas units in Sardinia

European infrastructure fund Marguerite II agreed to acquire a 48.15% interest in the Sardinian businesses of Italgas SpA through an initial investment of approximately €25 million.

Audax Renovables sells 2 renewable energy projects in Spain

Audax Renovables SA sold two renewable energy projects in Spain with a combined capacity of 58.6 MW, according to a company news release.

Aquila fund reaches deal to acquire Finnish wind farms

Aquila European Renewables Income Fund has secured the exclusive right to acquire two Finnish wind farms totaling 34.55 MW.

KGAL selling 5 solar farms in Spain

KGAL GmbH & Co. KG expects to complete the sale of five photovoltaic plants in Spain by the end of 2019.

Alternus inks deal to acquire 11.75-MW Dutch solar plant

Alternus Energy Inc. marked its expansion into the Netherlands with a deal to acquire Zonnepark Rilland BV and its operational 11.75-MW solar photovoltaic power plant for $11.8 million, or €10.5 million.

South America M&A

Equinor to join wind farm development in Argentina

Equinor ASA has reached an agreement with YPF Luz to acquire a 50% stake in a wind farm development company in Argentina for $30 million.

Asia Pacific M&A

Construction begins on 214-MW wind farm in Australia

Vestas Wind Systems A/S has begun construction on the 214-MW Yandin wind farm in Australia.