Siemens AG Acquires Iberdrola's 8.1% Stake in Siemens Gamesa Renewable Energy

Iberdrola Acquires Remaining 18.4% of Avangrid for $2.6 Billion

May 20, 2024

Energy

Avangrid has entered into a definitive agreement with Iberdrola under which Iberdrola will acquire the remaining 18.4% of Avangrid shares it does not currently own for $35.75 per share in an all-cash transaction. The merger will make Avangrid a wholly owned subsidiary of Iberdrola, with closing expected in the fourth quarter 2024 subject to customary conditions and regulatory approvals.

Cox Agrees to Acquire Iberdrola Mexico Business for €3.6 Billion (~$4.2 Billion)

March 20, 2026

Energy

Cox has agreed to acquire Iberdrola’s Mexico business in a €3.6 billion (about $4.2 billion) transaction backed by Goldman Sachs and a seven-bank syndicate. The deal will add more than 2.6GW of installed capacity across 15 generation plants (wind, solar PV, and cogeneration/combined-cycle) and includes the integration of roughly 700 employees to support ongoing operations and expansion in Mexico.

Ardian to Acquire Energia Group From I Squared Capital

October 7, 2025

Energy

Ardian has announced a definitive agreement to acquire 100% of Energia Group from I Squared Capital. The transaction is expected to close in the first quarter of 2026, subject to regulatory approvals.

Adani Green Energy Acquires SB Energy India from SoftBank and Bharti

October 4, 2021

Renewable Energy

Adani Green Energy Limited (AGEL) completed the acquisition of 100% of SB Energy India from SoftBank Group (80%) and Bharti Group (20%), valuing SB Energy India at a fully completed enterprise value of approximately USD 3.5 billion. The transaction adds a 5 GWac renewable portfolio (1,700 MW in operation, 2,554 MW under construction and ~700 MW near construction) to AGEL; TotalEnergies, which owns 20% of AGEL, consequently adds ~1.4 GWp of net capacity to its renewables holdings.

TSG Acquires Italian Solar Specialist SKY-NRG

November 12, 2024

Energy

TSG has acquired Italian solar energy specialist SKY-NRG, a company with about €60m in sales, roughly 100 employees and more than 720 solar installations completed between 2021 and 2023. The bolt-on deal is part of TSG's accelerated build-up strategy (27th acquisition in three years) to expand its integrated electrical and solar capabilities and reach €100m in solar revenue.

TotalEnergies Acquires VSB Group, SN Power and Big Sky Solar

April 2, 2025

Energy

TotalEnergies has closed three international renewables acquisitions, buying European wind and solar developer VSB Group, hydropower developer SN Power and the Big Sky Solar project in Alberta. The deals expand TotalEnergies' integrated electricity portfolio across Germany, Africa and Canada, adding operating capacity and a large development pipeline to its renewables business.