U.S./Canada M&A
PG&E, labor union rebuff San Francisco's $2.5B offer to acquire grid assets
After more than a century of operation in San Francisco, Pacific Gas and Electric Co. appears inclined to stay put, largely rebuffing a $2.5 billion cash offer from city leaders to acquire the troubled utility's electric distribution and transmission assets needed to serve all electricity customers in San Francisco.
Duke Energy closes sale of minority stake in commercial renewables business
Duke Energy Renewables Inc. on Sept. 6 closed the sale of a minority stake in a portion of its commercial renewable energy business to John Hancock Infrastructure Fund GP and John Hancock Life Insurance Co. (U.S.A.)
Shell wraps sale of interest in 264-MW wind project in West Virginia
Royal Dutch Shell PLC subsidiary Shell WindEnergy Inc. completed the sale of its 50% interest in the 264-MW NedPower Mount Storm wind farm in Grant County, W.Va., to an affiliate of Castleton Commodities International LLC.
Pattern Development withdraws application to acquire stake in Illinois wind farm
An affiliate of Pattern Energy Group Inc. notified the Federal Energy Regulatory Commission that it will not be pursuing the acquisition of a 21% indirect, nonmanaging interest in the 240-MW Big Sky Wind Facility.
Alabama Power seeks approval to build, acquire gas-fired plants
Alabama Power Co. on Sept. 6 filed a request with the Alabama Public Service Commission for a certificate of convenience and necessity to procure additional generation capacity by acquiring a combined-cycle plant, building a new one and entering into power purchase agreements.
FERC approves EDP Renewables' sale of tax equity stake in Ohio wind project
FERC has authorized EDP Renewables North America LLC to sell a tax equity stake in the planned 126-MW Timber Road IV Wind Farm project to JPM Capital Corp.
8minute Solar Energy sells Calif. solar project to Allianz Global Investors
8minute Solar Energy LLC said Sept. 10 that it has sold its equity interests in the 67-MW DC Lotus solar farm in Madera County, Calif., to asset manager Allianz Global Investors U.S. LLC.
FERC clears Simon Solar project's new financing arrangement
Simon Solar Farm LLC on Sept. 9 secured the approval of FERC for a new financing arrangement for a 30-MW Simon Solar Farm in Social Circle, Ga.
Potentia Renewables to acquire 22.4-MW Canadian renewable portfolio
Potentia Renewables Inc has signed an agreement to acquire a 22.4-MW renewable portfolio in Canada from Dream Hard Asset Alternatives Trust.
D.E. Shaw Renewable wraps sale of interest in Imperial Valley Solar
D. E. Shaw Renewable Investments has completed the transfer of its membership interests in Imperial Valley Solar LLC to New Energy Solar Ltd.
Advanced Energy wraps purchase of Artesyn's Embedded Power business
Advanced Energy Industries Inc. on Sept. 10 announced the completion of its purchase of Artesyn Embedded Technologies Inc.'s Embedded Power business from Platinum Equity for approximately $400 million.
Quanta Services completes 3 strategic acquisitions
Quanta Services Inc. announced Sept. 9 that it completed three strategic acquisitions for approximately $328 million in cash and approximately $2 million in stock.
European M&A
E.ON plans 'merger squeeze-out' to integrate innogy after RWE asset swap
E.ON SE plans to swiftly integrate innogy SE into the company through a "merger squeeze-out" once it gets approval from the European Commission. The deal is part of a multibillion-euro asset swap between E.ON and RWE AG.
Report: EDP to shortlist bidders for €2B Portuguese hydro portfolio
EDP - Energias de Portugal SA is set to shortlist five or six groups in the final round of bidding for a circa 2-GW portfolio of Portuguese hydro assets valued at more than €2 billion.
Report: Enel launches process to sell Romanian assets for €1B
Enel SpA has commended the sale process of its renewable power generation, supply and distribution assets in Romania, Reuters reported Sept. 5, citing sources.
CEZ starts divestment process of Romanian assets
Czech utility CEZ as has started testing market interest for its Romanian assets with the help of its exclusive investment adviser Société Générale.
Inven Capital, BayWa r.e. Energy Ventures acquire minority stakes in Zolar
CEZ as's investment fund Inven Capital SICAV as and BayWa AG's BayWa r.e. Energy Ventures Inc. acquired minority shares in German company Zolar GmbH.
Neoen exits biomass business with sale of cogeneration unit
French renewable energy company Neoen SA has completed the sale of its Commentry cogeneration unit to Coriance, marking its exit from the biomass business.
BayWa sells 94.6-MW wind farm in Sweden to SUSI Partners
Baywa r.e. renewable energy GMBH has sold its 94.6-MW Lyngsåsa wind project in Kronoberg County, Sweden, to sustainable infrastructure investor SUSI Partners AG for undisclosed terms.
Luxcara acquires 2 wind farms in Finland
Asset manager Luxcara GmbH acquired two Finnish wind projects with a projected capacity of 60 MW for institutional investors.
South American M&A
Northland Power dips its toe in regulated utility market with Colombia buy
Canadian power plant owner Northland Power Inc's planned move into the regulated utilities market with a C$1.05 billion purchase of Colombia's Empresa de Energía de Boyacá ESP is designed to provide a stable source of income to bolster its generation-only revenues, CEO Mike Crawley said.
Solarpack becomes sole owner of two solar power plants in Peru
Solarpack Corporacion Tecnologica SA has become the sole owner of the Tacna and Panamericana Solar power plants with the completion of a $51.5 million deal to acquire a 90.5% interest in the projects.
