Renewable Energy Acquisitions in United States

Alphabet Incorporated (Google’s parent) announced it has acquired Intersect Power, an independent power producer focused on utility-scale solar PV projects co-located with data center infrastructure, as well as wind and battery energy storage (BESS). Alphabet agreed to pay $4.75 billion in cash and assume debt, with Intersect continuing to operate independently under the Intersect brand.

The Awareness Group (TAG) has completed the acquisition of Prosper Energy, a solar energy company operating as an EPC and sales organization with the ability to conduct business in 42 states. The deal expands TAG’s execution, installation, and sales capabilities within its TAG GRID platform by adding a team with more than 20 years of industry experience. Financial terms were not disclosed.

Emeren Group Ltd completed its previously announced merger with Shurya Vitra Ltd, with Emeren becoming a wholly owned subsidiary of Shurya Vitra. Emeren shareholders are entitled to receive $0.20 per ordinary share and ADS holders $2.00 per ADS (less a $0.05 cancellation fee), in each case in cash, and Emeren requested suspension and delisting of its ADSs from the NYSE.

EQT Foundation made an investment in Overview Energy, a Virginia-based deep tech company developing satellites that collect solar energy in geosynchronous orbit and beam power to Earth as near-infrared light. The funding supports Overview Energy’s path toward commercial deployment following a milestone airborne power-beaming demonstration; financial terms were not disclosed.

LS Power completed the acquisition of bp's US onshore wind business, BP Wind Energy North America Inc., adding approximately 1,300 MW of net operating onshore wind capacity across 10 projects. The acquired wind portfolio will be integrated into LS Power affiliate Clearlight Energy, expanding its renewable generation footprint across multiple U.S. states.

Dispatch Energy LLC acquired 100% of Green Lantern Solar (GLS), including its operating and early-stage solar and battery storage assets as well as its operations and maintenance (O&M) services business. The deal comprises 64 projects totaling 208.9 MWdc, expanding Dispatch’s distributed generation footprint across nine U.S. states and increasing its total portfolio to 489.5 MW.

Madison Energy Infrastructure completed the acquisition of NextEra Energy Resources' distributed generation development platform. The deal includes a portfolio of operating solar and energy storage assets, a pipeline of development projects, and an associated team, with customers across 25 U.S. states.

Nextracker acquired Origami Solar, Inc., a producer of roll-formed steel solar panel frames, in an all-cash transaction valued at approximately $53 million. The deal expands Nextracker into the solar panel frame market and is intended to strengthen localized, domestic supply chains by leveraging Origami’s U.S.-based fabrication capacity and recycled steel sourcing.

Solaris Assets, LLC and affiliates formed by an ad hoc group of debtor-in-possession financing lenders and entities controlled by GoodFinch Management completed the acquisition of substantially all assets and business operations of Sunnova Energy International Inc. The deal includes Sunnova’s residential solar servicing and O&M platform plus its solar generation and storage portfolio, paid via a DIP credit bid, $25 million in cash, and certain cure costs, through a court-supervised Chapter 11 sale process. Sunnova’s core operations will transition to SunStrong Management, LLC, which will serve as asset manager for Solaris’ portfolio of residential solar leases, loans, and PPAs.

Conestoga Energy acquired SAFFiRE Renewables, LLC from Southwest Airlines Renewable Ventures LLC. The deal includes SAFFiRE’s intellectual property, related technologies, a proposed pilot production facility, and key leadership team members to help advance production of sustainable aviation fuel (SAF) and other low carbon intensity biofuels; financial terms were not disclosed.

Zeo Energy Corp (Nasdaq: ZEO) completed its merger with (and acquisition of) Heliogen, Inc., closing on August 8, 2025. The combination brings together Zeo’s residential solar and storage footprint with Heliogen’s concentrated solar power and long-duration energy storage technology to form a broader clean energy platform across residential, commercial, and utility markets.

Leeward Renewable Energy (LRE) acquired the Twelvemile Solar 1 & 2 portfolio, a combined 152 MW solar facility located in southern Oklahoma. The portfolio was purchased from Red River Renewable Energy LLC, a joint venture between SunChase Power LLC and Eolian LP, with LRE collaborating with the sellers during early development; construction is now underway with power delivery expected in early 2026.

Sagepoint Energy, LLC closed its acquisition of Peoples LFG, LLC, a landfill gas-to-electricity facility located in Birch Run, Michigan, from North American Power Systems, LLC. The acquired plant has a 4.8 MW generating capacity and has operated for more than 20 years. Sagepoint plans to invest in converting the facility into a landfill gas-to-renewable natural gas (RNG) project, with construction expected to begin in 2025 and commercial operations anticipated in 2026.

Blink Charging acquired 100% of the equity of Zemetric, an EV charging infrastructure startup focused on tailored fleet charging solutions that can also serve multi-family and high-utilization destination sites. The transaction adds Zemetric’s interoperable hardware, software, and services—particularly its intelligent Level 2 product and energy management capabilities—to Blink’s EV charging portfolio, with Zemetric’s founding team joining Blink in leadership roles.

38 Degrees North closed a growth equity investment from Climate Adaptive Infrastructure (CAI) and Kimmeridge Energy Management Company, bringing its total growth capital raised to over $230 million. Separately, 38 Degrees North also completed the acquisition of Kimmeridge-backed community solar developer U.S. Light Energy, including a pipeline of more than 250 MW of projects.

Carbon DC acquired Elywhere North America (Elywhere NA), the North American operation of Norway-based EV charging technology company Elywhere AS, to accelerate deployment of DC-based grid and EV charging systems across North America. The deal combines Carbon DC’s DC grid/EV charging hardware and energy optimization software with Elywhere’s experience deploying battery-assisted fast charging solutions in grid-constrained environments in Europe. The acquisition closed June 30, 2025; financial terms were not disclosed.

Brookfield Asset Management and its institutional partners previously acquired National Grid Renewables. Following the acquisition, National Grid Renewables will operate and transact business under the Geronimo Power brand name.

Freedom CNG, a Houston-based renewable fuel infrastructure company, acquired Colorado-based X3CNG and Utah-based Lancer Energy to expand its compressed natural gas and compressed renewable natural gas (C/RNG) footprint across the Western United States. X3CNG adds a broad CNG station network in Colorado, while Lancer Energy contributes design, build, and maintenance capabilities across CNG/RNG as well as EV and hydrogen fueling systems.

QE Solar LLC, a North American operations and maintenance (O&M) provider for commercial and utility-scale solar, battery energy storage systems (BESS) and EV charging assets, announced it has acquired Donahue & Sons Mgmt., Inc. Donahue adds large-scale vegetation management, land stewardship, and related site maintenance capabilities, expanding QE Solar’s nationwide service platform for renewable energy infrastructure.

TerraForm Power, an affiliate of Brookfield Asset Management, announced the acquisition of Sun Tribe Development LLC, the development arm of the Sun Tribe family. The deal includes Sun Tribe Development’s entire solar and battery storage project pipeline and the integration of its development team, significantly expanding TerraForm Power’s North American renewables pipeline. Sun Tribe’s other businesses, including Sun Tribe EPC and O&M, will continue operating independently.

RM Capital Partners (RMC) completed the acquisition of Integrated Solar Operations d/b/a ISO Solar, a provider of turnkey solar energy systems serving residential, commercial, and government customers across Puerto Rico. ISO Solar founder Ralph Diaz will remain involved as a board member, and leadership will transition to new CEO Francisco González Ohárriz as the company pursues growth initiatives focused on energy resiliency and expanded solar services.

Nuvve Holding Corp. acquired substantially all of the net assets of Fermata Energy LLC through its newly formed subsidiary, Fermata Energy II LLC ("Fermata 2.0"). The transaction, valued at approximately $659,000, included about $340,000 in cash and the assumption of certain liabilities, with Fermata 2.0 issuing convertible preferred stock to former Fermata debt holders.

Empower Solar and Radix RDX LLC announced the completion of their merger, combining Empower’s residential solar installation operations with Radix’s solar sales capabilities. The combined business will expand Empower’s installer footprint in the U.S. Southwest to include Arizona and the Phoenix metro area and will continue operating under the Empower Solar name.

T1 Energy Inc. agreed to acquire and subsequently closed the purchase of Trina Solar Co Ltd.’s U.S. solar manufacturing assets for total consideration of $621 million. The deal includes a 5 GW, 1.35 million square foot solar module manufacturing facility in Wilmer, Texas, which T1 renamed “G1 Dallas,” and which began production on November 1, 2024.

Aspen Power closed a Membership Interest Purchase and Development Services Agreement (MIPDSA) to acquire early-stage sites comprising a 14.1 MWdc community solar portfolio in Illinois from Arrow Solar Development LLC. Aspen Power plans to advance the projects from early-stage development through construction and into long-term operations, expanding its Illinois footprint to more than 34 MW total.

Dynamic Renewables, BC Organics, and National Organics combined to launch Sagepoint Energy, LLC, a new platform focused on developing and operating renewable waste-to-energy solutions in the United States. Sagepoint Energy is headquartered in Carmel, Indiana and is majority owned by Ares Management Infrastructure Opportunities funds, with a minority investment by an unregulated affiliate of NorthWestern Energy Group.

Macquarie Asset Management (MAM), through funds it manages, will acquire from Galehead Founders the remaining controlling interests in Galehead Development. The investment will result in Galehead becoming a wholly owned subsidiary of Treaty Oak Clean Energy, a clean energy independent power producer owned by MAM-managed funds. The transaction is subject to customary closing conditions.

Arcadia, a global utility data and energy solutions platform, announced the acquisition of RPD Energy, a provider of renewable energy procurement solutions in the United States. The deal expands Arcadia’s Enterprise Solutions suite, strengthening its Energy Procurement Advisory capabilities for onsite and offsite power. RPD Energy executive Rohit Marwaha will join Arcadia to lead its energy procurement offering.

TPG, through its TPG Rise Climate Transition Infrastructure strategy, agreed to acquire and subsequently completed the acquisition of Altus Power, Inc. in an all-cash transaction valuing the company at approximately $2.2 billion including outstanding debt. Altus Power shareholders received $5.00 per share, and following closing Altus Power became privately held and its NYSE-listed Class A shares were delisted.

The Awareness Group (TAG), an emerging solar energy services and financing solutions provider, announced it has acquired Renewable Energy Products Manufacturing Corp. (REPM). The deal is intended to strengthen and expand TAG’s TAG GRID platform by adding REPM’s commercial solar capabilities, technology, and nationwide installation experience.

Standard Solar acquired the Churchill Street Solar Farm from Sunfarm Solar, expanding its portfolio of operating solar assets in Massachusetts. The acquired 3.2 MW ground-mounted project is located in Pittsfield and is described as one of the largest solar systems in the Northeast.

Origis Energy announced a strategic investment from Brookfield Asset Management Ltd., alongside additional commitments from existing sponsor Antin Infrastructure Partners, totaling more than $1 billion in aggregate. The capital is intended to accelerate Origis Energy’s growth as an independent power producer and expand its U.S. solar and battery storage portfolio and development pipeline.

Morgan Stanley Infrastructure Partners (MSIP) announced a strategic partnership with Torch Clean Energy through a strategic investment in the company. The investment is intended to help Torch transition from a renewable development platform into an integrated clean power platform with expanded capabilities across construction, procurement, project finance, and asset management.

Macquarie Asset Management (MAM), through several MAM-managed funds, completed a previously announced significant minority investment in D. E. Shaw Renewable Investments (DESRI), a U.S. utility-scale solar, wind, and battery storage renewables developer/owner/operator. The investment was announced as being up to approximately US$1.725 billion and is intended to support DESRI’s continued growth and strengthen its market position, with DESRI remaining part of the D. E. Shaw group.

EQT Transition Infrastructure has agreed to acquire Scale Microgrids, a developer, owner, and operator of microgrids and distributed energy resources. Scale Microgrids will be purchased from Warburg Pincus and other existing shareholders, marking EQT Transition Infrastructure’s first North American investment under its Transition Infrastructure strategy.

LS Power completed the acquisition of Algonquin Power & Utilities Corp.'s large-scale renewable energy business. Following the close, LS Power formed Clearlight Energy to manage and grow the acquired operating wind and solar assets and acquired development pipeline, while LS Power subsidiary REV Renewables will acquire the remaining U.S. development projects.

CleanCapital acquired a portfolio of 40 operating community and net-metering solar assets totaling 22.7 MW from Kendall Sustainable Infrastructure (KSI), expanding its distributed solar footprint in the U.S. Separately, Manulife Investment Management, alongside institutional co-investors, increased its equity investment in CleanCapital with a new $145 million funding tranche to support development, construction, and future acquisitions.

Energea provided a $20 million financing package (including debt and equity) to HGR Energy to support growth and expansion of its renewable energy project portfolio. Westbury Group LLC, working with Regiment Securities, advised and helped structure and execute the transaction, which closed on December 6, 2024.

Relevate Power acquired Gravity Renewables, adding 40 MW of hydropower and solar assets and more than doubling Relevate’s sustainable baseload generation capacity. The transaction was financed by funds managed by Apollo, which will also gain board representation at Relevate Power.

In November 2024, Harrison Street completed a previously announced investment in CPV Renewable Power LLC (CPV Renewable), acquiring 33.33% of CPV Renewable’s ordinary interests. Harrison Street funded $200 million of its $300 million total commitment at closing, with the remaining $100 million expected to be funded in 2025 under the transaction terms. CPV Renewable is a wholly owned subsidiary of CPV.

Salt Creek Capital acquired Sinclair Designs & Engineering, LLC (SDE), a manufacturer of solar panel racking systems serving commercial and residential markets. SDE is headquartered in Albion, Michigan, and the transaction was completed in February 2024, with CEO Kyle Sinclair continuing to lead the company post-acquisition.

Compass Group Equity Partners announced a strategic partnership and investment in Baja Carports, a California-based national provider of solar support systems. The partnership is intended to help Baja Carports scale operations through location expansion and enhanced sales and marketing efforts.

SunPower Corp. has acquired Blue Raven Solar, a fast-growing U.S. residential solar provider, to expand SunPower’s geographic reach and accelerate its residential solar growth. The deal was completed for cash consideration of up to $165 million, and Blue Raven CEO Ben Peterson will join SunPower’s executive team.

Redeux Energy Partners LLC sold a utility-scale hybrid solar and battery energy storage development project (200 MWdc solar and 160 MWh storage) in western Kentucky to Scout Clean Energy. Scout Clean Energy, a Brookfield Asset Management portfolio company, will advance the project through later-stage development, financing, and construction; Marathon Capital advised Redeux on the sale.

Calibrant Energy, a Macquarie Asset Management portfolio company, completed the acquisition of a 100% interest in Enel X Storage, LLC (Enel DES) from Enel X North America, Inc. The deal expands Calibrant’s distributed energy portfolio and development pipeline, adding operating and late-stage battery storage and other distributed energy projects along with optimization service contracts across North America.

ContourGlobal entered the United States renewables market by acquiring a 151 MWdc solar PV portfolio consisting of two late-stage development projects in South Carolina from Sun Tribe Development. The projects have long-term PPAs in place, with commercial operations planned to begin in 2029, and ContourGlobal will be responsible for construction, operation, and maintenance.

GroundWork Renewables, Inc. acquired CFV Solar Test Laboratory, Inc. (CFV Labs) to expand its offerings with PV module performance and reliability data and resilience services for the utility-scale solar industry. CFV Labs’ ISO 17025-accredited testing capabilities will complement GroundWork’s advanced meteorological data and services to help solar developers, EPCs, and owners optimize plant performance and manage weather-related risk. Financial terms were not disclosed.

Abu Dhabi Future Energy Company PJSC – Masdar closed its acquisition of a 50% stake in Terra-Gen Power Holdings II, LLC (Terra-Gen), a major U.S. independent renewable energy producer, purchasing the interest from Energy Capital Partners (ECP). ECP fully exited its position as part of the transaction, while Igneo Infrastructure Partners retained its existing 50% stake, resulting in joint ownership of Terra-Gen by Masdar and Igneo.

An affiliate of H.I.G. Capital’s H.I.G. Infrastructure strategy acquired a controlling interest in Greenflash Infrastructure, LP. Greenflash, headquartered in Houston, Texas, develops, finances, owns, and operates grid-scale energy storage, power generation, and controllable load projects, and H.I.G.’s investment is intended to support the company’s growth and strategic initiatives in the expanding renewable energy market.

Brookfield Asset Management announced a strategic funding partnership committing $200+ million to Infinium and its Project Roadrunner development in West Texas, plus up to an additional $850 million for other Infinium eFuels projects globally. The investment will be made through Brookfield’s Global Transition Fund (BGTF I), with Brookfield also acting as lead in Infinium’s Series C Preferred Stock offering to accelerate growth of Infinium’s ultra-low-carbon eFuels platform.

Gevo, Inc. entered into a definitive agreement to acquire the ethanol production plant and carbon capture and sequestration (CCS) assets of Red Trail Energy, LLC for $210 million. The assets include a 65 million gallon-per-year low-carbon ethanol facility and an operating CCS site in North Dakota, which Gevo plans to continue operating and potentially expand as a future net-zero sustainable aviation fuel (SAF) site. The transaction is expected to close by the first quarter of 2025, subject to customary conditions and approvals.

Standard Solar acquired the 12.18 MW Wheeler Gulch Solar Project from Caerus Piceance, LLC in Colorado. The ground-mounted, behind-the-meter solar array will be owned and operated by Standard Solar and will supply power directly to Caerus Piceance’s Middle Fork compressor station, helping stabilize electricity costs and reduce reliance on the grid.

AMS Renewable Energy, a New York-based distributed solar and storage EPC, announced the acquisition of Collective Solar, a distributed generation solar construction firm based in Oswego, New York. The deal expands AMS Renewable Energy’s in-house construction capabilities and increases capacity to serve a growing pipeline of EPC work across the Northeast and mid-Atlantic markets.

Civic Renewables, backed by GEF Capital, has acquired Florida Power Management (FPM), a solar installation company serving the Orlando and Tampa markets in Florida. Civic will operate as FPM’s parent company, integrating scale and operational resources while supporting FPM’s local service and quality focus. This marks Civic’s third acquisition since launching earlier in 2024.

Bureau Veritas acquired ArcVera Renewables, a provider of finance-grade consulting and technical services for wind, solar, and battery storage projects. The deal supports Bureau Veritas’ LEAP | 28 strategy and expands its renewables due diligence and operational verification capabilities, primarily in North America. ArcVera Renewables is headquartered in Golden, Colorado and reported €6.5 million of revenue in 2023.

Original Clean Energy, a subsidiary of Clean Royalties, acquired iSun and its subsidiaries SunCommon and Liberty Electric. The deal follows iSun’s bankruptcy-court-approved sale to Siltstone Capital for $10 million and is positioned as part of a restructuring plan to restore financial stability and drive growth in solar and energy storage across northern New England and New York.

Woodside Energy Group Ltd. completed the all-cash acquisition of 100% of OCI’s Clean Ammonia project under construction in Beaumont, Texas, via the purchase of OCI Clean Ammonia Holding B.V. from OCI Global/OCI N.V. The transaction value was approximately USD 2.35 billion on a cash-free, debt-free basis, with most consideration paid at closing and the remainder payable at project completion. OCI will continue to manage construction, commissioning, and startup through provisional acceptance, with first ammonia targeted for 2025 and lower-carbon ammonia from 2026.

Celly H2 LLC acquired Chemtec New Energies (CNE), a division of Chemtec Energy Services LLC, to expand its hydrogen fueling and storage infrastructure capabilities. The deal adds CNE’s modular hydrogen refueling and storage expertise to Celly’s offering across sourcing, logistics, storage, dispensing, and modular refueling stations, targeting customers such as municipalities, transit authorities, fleet owners, and industrial users.

KKR has completed the acquisition of a majority equity interest in Avantus, a U.S. developer of utility-scale solar and solar-plus-storage projects. Concurrently, Avantus secured a $522 million development facility arranged by KKR Capital Markets and Sumitomo Mitsui Banking Corporation to accelerate deployment of its solar and energy storage pipeline. Following closing, KKR and existing investor EIG are the sole equity investors in Avantus.

ArcLight Capital Partners launched SkyVest Renewables, an operating-focused renewables initiative backed by an initial $500 million capital commitment. Concurrently, ArcLight closed the acquisition of a 160 MW operating wind farm located in the Midland Basin, Texas, which reached commercial operations in 2020. SkyVest will manage and optimize operating utility-scale wind and solar assets across North America.

Standard Solar acquired the 4.98-megawatt Bent Bow community solar project in Doña Ana County, New Mexico from developer Energy Management, Inc. (EMI). The project, developed and permitted by EMI after being selected under New Mexico’s Community Solar initiative, is expected to be completed in late 2025 and will add to Standard Solar’s growing portfolio of solar assets in the state.

XGS Energy, a geothermal energy technology and project developer, has acquired Capuano Engineering Company (CEC), a geothermal drilling and completion services provider. Capuano Engineering will become a subsidiary of XGS while retaining its brand, and founder/CEO Louis (Lou) Capuano, Jr. and team will help advance XGS’s closed-loop geothermal technology and support next-generation geothermal projects globally.

Aggreko Energy Transition Solutions (ETS), a division of Aggreko, acquired Infiniti Energy, a U.S.-based commercial and industrial solar developer and independent power producer, from Upper Bay Infrastructure Partners. Upper Bay Infrastructure Partners fully exited its position in Infiniti Energy as part of the transaction. The deal expands Aggreko ETS’s distributed solar development and EPC capabilities and adds contracted operating assets and a pipeline of solar projects.

Maritime Partners, LLC completed the acquisition of e1 Marine LLC, a provider of methanol-to-hydrogen generation technology for the marine sector. The deal strengthens Maritime Partners’ push into cleaner maritime propulsion and complements its ongoing work with the U.S. Coast Guard on the M/V Hydrogen One towboat using onboard methanol-to-hydrogen conversion technology.

Kemin Industries has acquired Archangel Inc., an antimicrobial solutions company focused on bacterial control for fermentative biofuel production. The deal expands Kemin Bio Solutions’ product portfolio with Archangel’s NOVA EZL and NOVA EZP offerings and includes the transfer of four patent applications to Kemin.

Nextracker acquired Ojjo in an all-cash transaction valued at approximately $119 million. Ojjo is a U.S.-based renewable energy company specializing in foundation technology and services for utility-scale ground-mount solar projects. The acquisition expands Nextracker’s tracker foundations offering by combining its solar tracker systems with Ojjo’s foundation solutions for challenging soil conditions.

Sevana Bioenergy acquired the Rialto Bioenergy Facility located in Rialto, California. The acquisition strengthens Sevana Bioenergy’s West Coast presence and supports increased renewable natural gas (RNG) production by converting organic waste streams into carbon-negative RNG and soil products.

Lotus Infrastructure Partners completed the acquisition of PNE USA, a North America-focused developer of utility-scale wind, solar, and energy storage projects, from German renewable energy company PNE AG. Following the transaction, PNE USA will operate under the new name Allium Renewable Energy, and is expected to support and expand Lotus’s renewable development efforts.

HEST Investments, a Dallas-based venture capital family office, made an investment in Valerion, a battery technology company headquartered at the University of Michigan. Finalized in June 2024, the funding will support further testing and development as Valerion advances its energy storage technology toward commercialization.

A direct lending infrastructure fund managed by Brookfield Asset Management increased its financing commitment to PosiGen by an additional $150 million, bringing Brookfield’s total funding commitment to $400 million. The investment is intended to provide working capital to help PosiGen scale its solar and energy efficiency offerings for underserved communities across the United States.

RWE Clean Energy acquired a 599 MW portfolio of solar and battery energy storage development projects from Galehead Development, LLC. The acquired portfolio includes the Cedar Ridge (Idaho), Remington (Oregon), and Champlain (New York) projects, expanding RWE’s renewables development pipeline in the U.S., including into the Pacific Northwest.

Aspen Power announced it is partnering with a developer to acquire an initial portfolio of 20 community solar projects totaling up to 19 MW, primarily located in Illinois. The projects are in various stages of development, including some already under construction and expected to be commissioned this year. Aspen Power has also partnered with Common Energy to subscribe and manage the community solar projects.

SWTCH Energy raised $27.2 million in Series B funding to expand its EV charging and integrated energy management solutions for multi-tenant buildings across North America. The round was led by Blue Earth Capital, with participation from Alantra's Energy Transition Fund, Klima, and additional investors including Active Impact Investments and GIGA Investments Corp.

Madison Energy Infrastructure acquired Sun Tribe’s commercial solar assets, development pipeline, and commercial development team via an asset purchase agreement. The transaction expands Madison’s municipal and K-12 clean energy portfolio and allows Sun Tribe to sharpen its focus on utility- and community-scale solar markets.

Ridgewood Infrastructure LLC made a structured equity investment in MN8 Energy, LLC, an independent U.S. solar energy producer with solar, storage, and EV charging projects. The investment is intended to support MN8’s continued growth and scaling of its renewable energy portfolio across the United States.

Southwest Airlines Co. acquired SAFFiRE Renewables LLC through its wholly owned subsidiary Southwest Airlines Renewable Ventures LLC (SARV), moving from an investor position to sole owner. SAFFiRE is developing technology (under an exclusive license from the U.S. Department of Energy’s National Renewable Energy Laboratory) to convert corn stover into renewable ethanol, which can be upgraded into sustainable aviation fuel (SAF) as part of Southwest’s SAF strategy.

An affiliate of Eagle Creek Renewable Energy acquired Lightstar Renewables, a U.S. community solar developer and owner/operator of community solar farms. Lightstar had been a portfolio company of funds managed by Elda River Capital Management and Magnetar, and will transition its development pipeline and projects under construction to Eagle Creek as it pursues growth as a community solar IPP in North America.

Ørsted signed an agreement to divest an equity ownership stake in a portfolio of four operational US onshore wind farms (957 MW total) to Stonepeak for about $300 million. Stonepeak will receive 80% of cash distributions from the projects, while Ørsted will remain the managing member and continue operating and providing asset management services for the portfolio.

Excelsior Energy Capital sold its sub-portfolio of 38 operational solar and solar-plus-storage distributed generation projects from its Fund I to BlackRock’s Evergreen Infrastructure Partners Fund. The transaction represents a 100% divestment by Excelsior and marks the firm’s first exit from its inaugural fund.

Rimere announced the closing of a $10 million strategic investment from Clean Energy Fuels Corp. The funding will accelerate development and field testing of Rimere’s plasma-based Reformer and Mitigator devices, which aim to reduce emissions from natural gas infrastructure and produce clean hydrogen and graphene.

Swell Energy Inc. acquired Renu Energy Solutions, a Carolina-based provider of residential and commercial solar and energy storage solutions, to expand Swell’s virtual power plant (VPP) footprint into key Southeast and mid-Atlantic markets. The transaction also includes Renu’s solar and storage maintenance subsidiary, Sun Service Specialists, strengthening operational capabilities and supporting deployment of distributed energy resources across the U.S. East Coast.

Facility Solutions Group, Inc. (FSG) has acquired Greenleaf Energy Solutions to expand its solar and renewable energy capabilities and broaden service offerings across North America. Greenleaf, founded in 2001 and evolved from lighting into commercial solar solutions, will add its solar expertise and team to FSG’s lighting, electrical, and energy-efficiency platform.

Sterling Power Opportunities, a subsidiary of Galway Sustainable Capital, acquired a majority interest in Forsite Renewables, a Charlotte-based developer of utility-scale solar and battery storage projects. The transaction is intended to fund Forsite’s growth and expansion of its renewable energy and storage project pipeline, while retaining the existing management team to continue operations.

Green Plains Inc. completed its acquisition of all publicly held common units of Green Plains Partners LP that it and its affiliates did not already own. The deal was structured as a merger in which unitholders received 0.405 shares of Green Plains common stock plus $2.00 in cash (and cash for unpaid distributions) per outstanding common unit, resulting in Green Plains Partners becoming an indirect wholly owned subsidiary and delisting from NASDAQ.

Energy Capital Partners (ECP) acquired Triple Oak Power from EnCap Energy Transition Fund I and its co-investors Yorktown Partners and Mercuria Energy. Headquartered in Portland, Oregon, Triple Oak develops and monetizes renewable energy projects, with a development pipeline of more than 8.0 GW comprised predominantly of utility-scale wind opportunities in the central and western United States. Financial terms were not disclosed.

Adapture Renewables, Inc. acquired three utility-scale solar projects in the MISO territory in Illinois and Arkansas from TED Renewables. The projects are in a pre-Notice to Proceed stage and, once constructed and operational in 2025–2026, are expected to add 333 MWac / 450 MWdc of capacity and more than double Adapture’s operating portfolio to approximately 800 MWdc.

A fund managed by Ares Management's Infrastructure Opportunities strategy acquired Burnham RNG from Edge Natural Resources. The investment will support Burnham RNG’s development and construction pipeline of renewable natural gas assets across the United States, building on its anaerobic digestion and organic waste management platform.

Amara NZero acquired SUNRGY Solar Distribution, a provider of solar energy solutions and products serving residential, commercial, and utility-scale customers. The deal is intended to expand Amara NZero’s reach in solar and strengthen its position in the United States market, while SUNRGY continues operating under its existing brand.

Standard Solar acquired a 12-megawatt community solar project portfolio from New Leaf Energy, marking Standard Solar’s entry into Virginia’s community solar market. The portfolio includes three projects located in Chatham and Kilmarnock, Virginia, with the Kilmarnock projects largely allocated to low- and moderate-income customers.

Madison Energy Infrastructure (MEI), a clean energy developer and asset owner, acquired Pro-Tech Energy Solutions (Pro-Tech) to strengthen MEI’s execution capabilities and expand its clean energy offerings for commercial & industrial and public-sector customers. Pro-Tech brings an established EPC function and a pipeline of offsite solar projects, as well as experience developing distributed solar and front-of-the-meter assets across the Northeast and Mid-Atlantic.

Salka LLC, through its subsidiary Salka Cabazon HoldCo LLC (Salka Energy), acquired an operating 39MW wind farm in the San Gorgonio Pass near Palm Springs, California. Salka Energy plans to keep the facility operating while refurbishing it, extending the life of a project that has operated since 1999 and was at risk of decommissioning. The acquisition expands Salka Energy’s presence in California.

Integrated Power Services (IPS) has acquired Lighthouse Global Energy, an Abilene, Texas-based OEM wind turbine parts supplier and manufacturer. The deal expands IPS’s capabilities in utility-scale renewable energy power generation by adding Lighthouse’s wind parts distribution, in-house engineering, testing, and repair expertise, strengthening IPS’s presence in the West Texas wind market.

Hull Street Energy made a strategic investment in Greenskies Clean Focus, a vertically integrated developer, constructor, financier, owner, and operator of distributed solar projects. The investment is intended to expand Hull Street Energy’s footprint in critical power infrastructure and accelerate growth of behind-the-meter renewable resources across the United States. Prior investor JLC Infrastructure is referenced as collaborating with Hull Street Energy and Greenskies leadership following the investment.

Mars Equity Partners acquired K12 Energy (also referred to as K12 Solar), a Northern California-based provider of commercial solar and renewable energy solutions utilizing Power Purchase Agreements (PPAs). The acquisition was announced by Mars Energy Group as being completed via its subsidiary, NewGen Energy, adding K12 as the fifth company in Mars Energy Group’s commercial solar portfolio.

Chevron U.S.A. Inc., through its Chevron New Energies division, closed a transaction with Haddington Ventures to acquire 100% of Magnum Development, LLC. Through this acquisition, Chevron obtained a majority interest in ACES Delta, LLC, a joint venture developing the Advanced Clean Energy Storage hydrogen production and storage project in Delta, Utah.

Repsol agreed to acquire US renewable energy development platform ConnectGen from Quantum Capital Group (via its renewable development platform, 547 Energy) for $768 million. The acquisition gives Repsol a US onshore wind growth platform, adding a ~20,000 MW pipeline of wind, solar, and energy storage projects and complementing Repsol’s existing US solar and storage capabilities.

Igneo Infrastructure Partners entered into an agreement to acquire a majority equity interest in Soltage, LLC, a U.S. renewable power producer focused on solar and storage assets. The deal, expected to close later in 2023, is being acquired from investors including Prudential Private Capital alongside members of Soltage’s management team, who will retain ownership stakes; financial terms were not disclosed.

ICG’s Infrastructure team (ICG Infra) signed a definitive agreement to make a €400 million equity investment in Enfinity Global to fund the company’s near-term growth and execution of its strategy. The investment is intended to strengthen Enfinity Global’s balance sheet and accelerate development of its 17 GW renewable energy and storage portfolio, subject to regulatory approvals.

ENGIE has acquired Broad Reach Power, a Houston-based company specializing in battery storage. The deal supports ENGIE’s goal of reaching 10 GW of battery capacity by 2030 and strengthens its U.S. position in the energy transition alongside its renewable generation assets and energy management platform.

Greenbacker Capital Management, via an affiliated private equity fund, made a strategic equity investment in Telyon, a Connecticut-based renewable energy developer focused on commercial and industrial projects. Telyon sold a significant minority stake to support growth and execution across its U.S. pipeline of solar, battery storage, and EV charging infrastructure projects.