US/Canada M&A
Veolia seeks to divest ownership of 264-MW gas plant in Massachusetts
A little more than a month after it acquired sole ownership of the Kendall Square gas-fired plant in Massachusetts, Veolia Energy North America Holdings Inc. is seeking to divest its full stake in a transaction that has an enterprise value of $1.25 billion.
Sacramento utility to vote on whether to acquire PG&E utility hydro asset
The Sacramento Municipal Utility District is moving toward an acquisition of Pacific Gas and Electric Co.'s 7-MW Chili Bar hydro project in El Dorado County, Calif.
Vistra Energy to purchase electricity retailer, increasing role in Texas
Vistra Energy Corp. entered into an agreement to acquire Ambit Energy Holdings LLC, a Dallas-headquartered stand-alone retail energy business, for $475 million plus net working capital.
Algonquin Power buys into 480-MW Texas wind farm development
Algonquin Power & Utilities Corp. invested in developing the 480-MW Maverick Creek Wind Project in Concho County, Texas, originally undertaken by Renewable Energy Systems Ltd.
FERC clears Newmont Goldcorp's sale of interest in Nev. coal-fired plant
The Federal Energy Regulatory Commission on Aug. 14 approved Newmont Goldcorp Corp.'s proposed sale of a 61.5% stake in the 215-MW, coal-fired TS Power Plant in Eureka County, Nev., to a subsidiary of Barrick Gold Corp.
GlidePath Power acquires 149-MW wind portfolio, plans to add storage resources
GlidePath Power Solutions LLC completed the acquisition of a 149-MW portfolio of wind projects in North Texas from Exelon Corp. and plans to enhance their performance through the addition of energy storage resources.
Riverstone unit sells NY, Maine biomass facilities stakes
ReEnergy Holdings LLC completed the transfer of its ownership stake held indirectly by Riverstone Holdings LLC to individual owners, according to an Aug. 16 filing with FERC. Of the total six facilities, two are in New York, and the remaining power plants are in Maine.
Atlantic Power closes purchase of ownership stakes in 2 biomass facilities
Atlantic Power Corp. completed the $20 million acquisition of ownership interests in two contracted biomass power facilities from AltaGas Ltd. subsidiary AltaGas Power Holdings (U.S.) Inc.
PacifiCorp takes sole ownership of Wyo. wind farm, plans to repower project
PacifiCorp has become the sole owner of the 41.4-MW Foote Creek I wind project in Carbon County, Wyo., and will begin the process of repowering the facility, the company said.
Ares injects capital into utility-scale solar developer Heelstone
Ares Management Corp., through its infrastructure and power strategy, invested in North Carolina-based utility-scale solar developer Heelstone Energy Holdings LLC.
Europe M&A
Axpo sells 70 MW of French wind capacity
Swiss energy company Axpo Holding AG sold its stake in four French wind farms with a combined capacity of 70.15 MW for an undisclosed sum to a fund of Evangelische Bank eG.
Capital Dynamics to buy 68-MW wind portfolio in UK
Capital Dynamics AG will acquire 100% of the equity in a 68-MW wind portfolio in Northern Ireland from Canada's Brookfield Renewable Partners LP.
Infracapital inks deal to acquire 2 wind farms in Finland
Infracapital agreed to acquire two planned Finnish onshore wind farms totaling 60 MW from developer Ox2 for undisclosed terms. The deal is Infracapital's second investment in Finland and Infracapital Greenfield Partners Fund I LP's first project in the Nordics.
Aquila Capital acquires 53 MW of wind projects in Finland
German investment manager Aquila Capital Investmentgesellschaft Mbh acquired two operational wind projects in northern Finland with a combined capacity of about 53 MW from wind developer Tuuliwatti Ltd
Italy's ERG inks deal to acquire 3 wind farms in Germany
ERG Windpark Beteiligungs GmbH agreed to acquire three operational wind farms in Germany totaling 34 MW from an Aquila Capital Investmentgesellschaft Mbh-controlled company for €37 million.
South America M&A
Petrobras starts binding phase for stake sale in power unit
Petróleo Brasileiro SA - Petrobras started the binding phase for the sale of its 93.7% stake in power producer Breitener Energética SA, according to an Aug. 16 news release from the Brazilian state-controlled company.
