U.S./Canada M&A
Noverco completes acquisition of Valener
Noverco Inc. completed its C$1.2 billion acquisition of acquisition of Valener Inc. Following the deal close, Valener terminated its dividend reinvestment plan.
Minnesota denies Xcel Energy subsidiary's purchase of gas plant
Minnesota regulators on Sept. 27 rejected Xcel Energy Inc. subsidiary Northern States Power Co.'s purchase of the gas-fired Mankato Power Plant.
FERC authorizes Brookfield to acquire stake in Oaktree Capital
The Federal Energy Regulatory Commission conditionally authorized Brookfield Asset Management Inc.'s acquisition of about 62% of Oaktree Capital Group LLC.
TransAlta, Capital Power complete exchange of stakes in coal-fired plants
TransAlta Corp. and Capital Power Corp. completed their swap of ownership interests in the Keephills 3 and the Genesee 3 facilities in Alberta. The two generating units had been owned and operated under the companies' joint venture agreements.
Algonquin wraps purchase of New Brunswick gas utility business from Enbridge
Algonquin Power & Utilities Corp. announced Oct. 1 that it closed its acquisition of Enbridge Inc.'s natural gas distribution business in New Brunswick.
FERC approves OPG's request to acquire 385-MW hydro portfolio in US
FERC approved Ontario Power Generation Inc.'s request to acquire a 385-MW portfolio of hydroelectric projects across five U.S. states.
Silverpeak acquires 360-MW wind project in Texas from Tri Global Energy
Investment management firm Silverpeak, through its energy group Silverpeak Strategic Partners LP, acquired a 360-MW wind farm development in Scurry County, Texas, from Tri Global Energy LLC.
Judge denies NextEra's appeal for $60M claim in failed Oncor deal
A federal judge Sept. 30 reaffirmed a 2018 decision to knock down NextEra Energy Inc.'s request for $60 million related to its failed attempt to purchase a stake in Oncor Electric Delivery Co. LLC.
Spark Power Group eyes US expansion with potential acquisition
Spark Power Group Inc. signed a nonbinding letter of intent with an unnamed independently owned company for a potential acquisition, which would significantly expand its presence in the U.S.
Dominion Energy acquires 95 MW of solar projects in Virginia
Dominion Generation Inc. acquired two solar power plants with a combined capacity of 95 MW in Virginia from Savion LLC for an undisclosed amount.
Consumers Energy closes sale of transmission assets
Consumers Energy Co. on Sept. 30 completed the sale of its interests in certain transmission assets to Michigan Electric Transmission Co. LLC. The transaction is part of a settlement agreement that resolves a dispute between the two sides in the Michigan Circuit Court of Ingham County.
European M&A
E.ON completes transfer of renewables business to RWE
German utility E.ON SE announced Oct. 1 that it completed the transfer of its renewables business to RWE AG as part of a complicated asset swap between the two companies.
EDF offers to buy out renewables developer Futuren
EDF Renewables offered to acquire the remaining shares it does not already own in renewable energy developer FUTUREN SA at €1.15 per share.
Enel transfers Russian coal-fired power plant to Siberian Generating unit
Enel SpA subsidiary Enel Russia PJSC has completed the transfer of ownership in the coal-fired Reftinskaya GRES power plant to Siberian Generating Company LLC unit JSC Kuzbassenergo.
Glennmont buys Google-backed wind farm in Finland
Clean energy fund manager Glennmont Partners has acquired the 211.4-MW Piiparinmäki wind farm in Finland from Ilmatar Energy Oy. Once operational, the project will sell part of its output to technology giant Google LLC.
European Commission approves 2 separate acquisitions of renewable assets
In separate decisions announced Sept. 25, the European Commission approved acquisitions of renewable energy assets.
CSA Energy Infrastructure announces tender offer result in Alpiq takeover effort
Schweizer Kraftwerksbeteiligungs-AG tendered 1,418,243 free float shares of Alpiq Holding AG as part of an effort to take the Swiss power supplier private.
Aquila fund acquires wind farm company in Finland
Aquila European Renewables Income Fund entered into an exclusive agreement to acquire all the shares of Finnish wind farm company Aalto Wind No. 2 Ltd. Oy.
South American M&A
Sempra Energy to divest Peruvian businesses in $3.59B deal
Sempra Energy has agreed to sell its equity interests in its Peruvian businesses to China Yangtze Power International (Hong Kong) Co. Ltd. for $3.59 billion in cash, subject to closing adjustment working capital and net debt.
