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Brookfield Renewable to acquire TerraForm; Tenn. city approves utility sale


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Brookfield Renewable to acquire TerraForm; Tenn. city approves utility sale

U.S. and Canada

Brookfield Renewable makes $3.93B offer to acquire TerraForm Power

Brookfield Renewable Partners LP announced Jan. 13 that it submitted a nonbinding proposal to acquire all of the outstanding class A common shares of TerraForm Power Inc. in an-stock transaction valued at about $3.93 billion.

JEA releases NextEra, American Water bids from privatization solicitation

Florida utility JEA published redacted versions of NextEra Energy Inc. and American Water Works Co. Inc.'s proposals to privatize the municipal utility, after the two companies legally consented to the documents' release.

Texas regulators hear oral arguments regarding El Paso Electric takeover

Texas regulators completed a hearing Jan. 7 on Sun Jupiter Holdings's proposal to acquire El Paso Electric Co. for $4.3 billion, including net debt, following a Dec. 17, 2019, settlement among most parties with a $21 million rate credit to be paid to customers over three years.

ALLETE Clean Energy closes tax equity deal with JPMorgan Capital

ALLETE Clean Energy Inc. secured tax equity funding for two wind farms in North Dakota and Montana, the company announced Jan. 9.

Tenn. city approves $302M municipal utility sale

The city council of Murfreesboro, Tenn., on Jan. 9 approved Middle Tennessee Electric Membership Corp.'s $302.35 million acquisition of the city's electric system and operations.

Northland Power closes purchase of Colombian utility

Canadian power plant owner Northland Power Inc. completed its acquisition of a 99.2% stake in Colombian regulated utility Empresa de Energía de Boyacá E.S.P.

Falck Renewables seeks FERC approval to transfer stake in NC solar farm to Eni

Falck Renewables SpA subsidiary Falck Renewables North America Inc. is seeking Federal Energy Regulatory Commission approval to sell a 49% class B stake in the 71-MW Innovative Solar 42 solar farm in North Carolina to Eni New Energy US Inc.

US Solar Fund completes acquisition of 3 solar projects in North Carolina

London-based US Solar Fund PLC closed the acquisition of 100% cash equity interests in three operating utility-scale solar power projects in North Carolina totaling about 11 MWdc.

Capital Dynamics acquires solar farm in Nevada

Capital Dynamics Inc. on Jan. 9 announced the acquisition of the Eagle Shadow Mountain solar farm on the Moapa River Indian Reservation in Clark County, Nev.

NextEra, Vistra ask FERC to approve ownership changes in 2 gas-fired facilities

NextEra Energy Inc. and Vistra Energy Corp. filed a request with the Federal Energy Regulatory Commission to change their respective upstream ownership interests in two gas-fired power plants.

Con Edison unit acquires NJ solar farm from Starwood affiliate

Consolidated Edison Inc. subsidiary Consolidated Edison Development Inc. acquired the 14.4-MWdc Lakehurst solar farm from an affiliate of Starwood Energy Group Global LLC and Energy Management Inc.

Invenergy closes sale of controlling stake in 2 Neb. wind farms

Invenergy Renewables LLC completed the sale of 90.1% of controlling ownership interests in two wind farms in Nebraska to a subsidiary of Excelsior Renewable Energy Investment Fund I LP.


SSE to complete £500M sale of UK retail business to Ovo Energy

SSE PLC said Jan. 15 that it is completing the sale of its U.K. retail energy business, Sse Energy Services Group Ltd., to Ovo Group Ltd. subsidiary OVO Energy Ltd., about a month after the U.K. Competition and Markets Authority cleared the proposed deal.

BayWa completes, sells Austrian wind project

BayWa r.e. renewable energy GmbH completed construction of the 17.25-MW Fürstkogel wind farm in the Austrian Alps, according to a Jan. 14 company news release.

Report: Pennon mulls £4B sale of incinerator business

U.K. environmental utility infrastructure company Pennon Group PLC hired Morgan Stanley and Barclays as it explores a £4 billion sale of its Viridor Ltd. unit, The Daily Telegraph (London) reported, citing City of London sources.

Fortum wraps €530M sale of district heating business in Finland

Fortum Oyj completed the sale of its district heating business in Joensuu, Finland, to Savon Voima Oyj for €530 million.

Siemens Gamesa seals takeover of Senvion's intellectual property, service assets

Siemens Gamesa Renewable Energy SA completed the purchase of insolvent German turbine manufacturer Senvion SA's intellectual property and European wind farm servicing business, the company announced.

Cubico Sustainable Investments to acquire 21-MW wind farm in Greece

Cubico Sustainable Investments is entering the Greek renewables market with the acquisition of the 21-MW K-Wind Kitheronas onshore wind farm from Greece-based Intracom Holdings SA.

NTR acquires 19.2-MW wind farm in Ireland

NTR PLC, through its infrastructure fund NTR Renewable Energy Income Fund II, acquired the 19.2-MW Ballycumber wind farm in County Wicklow, Ireland.

ACS subsidiary to sell 3-GW solar portfolio in Spain

ACS SA subsidiary ACS Servicios Comunicaciones y Energía SL reached an initial sale agreement with an undisclosed buyer for its 3-GW solar photovoltaic portfolio in Spain.