Emily Monastiriotis’ Post

Ørsted and ENGIE have signed a share purchase agreement under which Engie will acquire Ørsted’s onshore wind and solar business in France including OSTWIND International SAS, Ostwind Engineering SA, and its subsidiaries (jointly Ostwind France). This move is part of Ørsted's strategic shift to prioritize other European markets such as the UK, Ireland, Germany, and Spain for onshore wind and solar projects. The sale includes Ostwind France, which has been developing renewable projects for over two decades and currently operates 54MW of capacity with an additional 24MW under construction. Ørsted acquired Ostwind France in 2022 as part of a larger acquisition from Ostwind AG. With this divestment, Ørsted will exit the French market entirely, while Engie sees it as an opportunity to expand its renewable energy portfolio in France. Engie Green's Managing Director, WILLIAM ARKWRIGHT, expressed enthusiasm for the acquisition, highlighting the addition of high-quality wind and solar assets and a significant pipeline of projects in development. #Engie #Orsted #OdinGlobal https://lnkd.in/eBzjbWEK

Middle Eastern developer Masdar (Abu Dhabi Future Energy Company) has agreed to buy Saeta Yield from Canadian investor Brookfield Renewable. The deal enables Masdar to strengthen its footprint in the Iberian peninsula by acquiring the company and its 745MW portfolio of mainly wind assets, as well a 1.6GW development pipeline. The deal represents an enterprise value of €1.2bn, and it is set to close by the end of 2024. It is subject to regulatory approval. Brookfield originally bought Saeta Yield in 2018 and has focused on selling its non-core assets, optimising its capital structure, and identifying opportunities for growth via hybrid generation and repowering projects. Mark Carney (pictured left), chair and head of transition investing at Brookfield, said: "As global leaders in clean energy development, Brookfield and Masdar will continue to be important players to accelerate the journey towards a net-zero economy." Dr. Sultan Al Jaber (pictured right), United Arab Emirates minister of industry and advanced technology, and chairman of Masdar, said: "Masdar is committed to accelerating the delivery of clean energy capacity across the Iberian Peninsula and Europe. Representing one of Spain’s largest renewable energy transactions, this landmark deal with Brookfield Renewable builds on Masdar’s strong growth story, demonstrating our commitment to the EU’s wider net zero by 2050 target and unlocking new capacity." #Spain #investment #acquisition #renewableenergy A Word About Wind | Energy Storage Report | Tamarindo

🔍 Analyze July’s Major Renewable Energy Transactions, with Enerdatics!🌍 🌟 We’re excited to bring you the latest edition of the Enerdatics Insights Series! 🌟 This week, we're offering a comprehensive PDF report that dives deep into the most impactful deals from July 2024, led by industry majors such as KKR, Masdar (Abu Dhabi Future Energy Company), Macquarie Group, and Brookfield Asset Management. Inside, you’ll find granular details and strategic insights into investment trends, M&A activities, and the evolving landscape of renewable energy. This report provides the critical information you need to stay ahead in this dynamic industry. 🌱💼 #RenewableEnergy #EnergyTransition #SustainableInvesting #CleanEnergy #MergersAndAcquisitions #InvestmentTrends #Renewables #EnergyDeals #GreenEconomy #SustainableFuture #EnergyInsights #ClimateAction #EnerdaticsInsights #SolarPower #WindEnergy

Ardian Clean Energy Evergreen Fund is investing in UNITe, an independent power producer, developer and multi #technology renewables specialist, and is acquiring stakes from Omnes, Bpifrance and Société Générale Capital Partenaires.   UNITe is one of the leading independent producer of decarbonised, local and sustainable electricity in France, with more than 60 production sites, including small hydroelectricity, wind and #solar photovoltaic plants spread across the country.   The transaction enables UNITe to continue to scale its fully integrated model and provide services across the entire energy value chain. It will strengthen Ardian’s global #renewables platform and enhance its presence in the French market.   BNP Paribas acted as exclusive financial advisor to UNITe, Omnes, Bpifrance and Société Générale Capital Partenaires on the deal, underlining the strength of its renewables M&A expertise, and its commitment to supporting clients in the #lowcarbon transition. The transaction is subject to usual regulatory approvals.   #BNPP4clients Yohann Bournand, Malone Gampel, Guillermo Moraleda Fernández de Córdoba, Mariana Marques Alves, Pierre Caillet

- Masdar (Abu Dhabi Future Energy Company), the #UAE’s #cleanenergy leader, has significantly expanded its portfolio in #Europe, completing two landmark acquisitions in the #IberianPeninsula to advance its ambitious growth plans. Masdar acquired Saeta Yield (“Saeta”) from Brookfield Renewable Partners (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC), together with its institutional partners (“Brookfield”), for an enterprise value of €1.2 billion and an equity value of €696 million. Additionally, #Masdar and Endesa S.A. (“Endesa”) finalized a partnership agreement to advance renewable energy initiatives in Europe. #cleanenergy #UAE #sustainability #sustainabilitymiddleeast #SMEN 

Saeta Yield operates 745MW of mostly wind assets in Spain and Portugal. The Abu Dhabi-based renewable energy pioneer, Masdar, is set to acquire Saeta Yield, a renewable power company, from Brookfield for an implied enterprise value of $1.4 billion. The transaction includes a portfolio of 745 megawatts (MW) - 538MW of wind assets in Spain, 144MW of wind assets in Portugal, and 63MW of solar PV assets in Spain - and 1.6 gigawatts (GW) of development pipeline. Brookfield will retain and operate the 350MW of concentrated solar power assets excluded from the deal, according to a statement on Tuesday. Citigroup Global Markets Limited is Masdar's transaction advisor, Linklaters is its legal advisor, UL is its technical advisor, and KPMG is its financial and tax advisor. Brookfields was advised by Santander and Société Générale. Subject to customary approvals, the acquisition is expected to close around the end of 2024. #uae #abudhabi #acquistion #capital #funding #sustainable #energy #renewableenergy #solar #masdar #banks Source - Zawya

Statkraft Finalizes Acquisition of Elecnor’s Subsidiary Enerfin On November 17, 2023, Statkraft signed an agreement with the Spanish company Elecnor to acquire its renewables subsidiary, Enerfin. This transaction has now been finalized. The portfolio presents significant opportunities for repowering wind farms, hybridization, and battery storage. Additionally, the acquisition enhances market operations in both Spain and Brazil. As previously announced, Statkraft plans to divest the Enerfin portfolio in Canada, the US, Colombia, Australia, and Chile. This acquisition significantly enhances Statkraft’s scale and strengthens its position in Spain and Brazil. The deal adds a portfolio of 1.5 GW of wind and solar power projects, both operational and under construction, […] Read the full story here: https://lnkd.in/g-25cwZH #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #acquisition #enerfin #europe #renewableenergy #spain #statkraft

Energy Sector M&A: A Shift in Deal Value and Focus The data on global M&A activity from Q1 2020 to Q2 2024 reveals significant trends. While there was a 9% decrease in deal value, the energy sector continues to attract substantial investments, with standout deals in the renewable and transition spaces. Key takeaways: - ConocoPhillips' acquisition of Marathon Oil for $22.5B emphasizes the continued importance of shale in North America's energy mix. - Canada's Pension Plan Investment Board and Global Infrastructure Partners made a notable $6.2B deal targeting Allete, signaling growing interest in energy transition. - Renewable energy remains a hotbed for M&A activity, with Abu Dhabi Future Energy’s $3.4B stake in Terna Energy and Energy Capital Partners’ $3.45B investment in Atlantica Sustainable Infrastructure showcasing this trend. This evolving M&A landscape shows that despite a decrease in overall deal values, the strategic importance of energy transition and renewables is only gaining momentum. What are your thoughts on the future of M&A in the energy sector? Will the focus shift more towards clean energy? #Energy #MergersAndAcquisitions #Renewables #EnergyTransition #Shale #GlobalEnergy #SustainableInfrastructure

Brookfield Asset Management is set to become the largest owner and operator of renewable energy in Australia with a massive $10 billion bid to acquire France’s Neoen. Neoen, known for its Victorian Big Battery near Geelong, has a robust project pipeline of nearly 10 gigawatts expected to come online over the next decade. This acquisition, backed by Neoen's board, highlights the growing demand for sustainable power solutions. Despite challenges in the renewable sector, Brookfield remains undeterred, viewing these as mere speed bumps in the 20-year megatrend towards low-cost clean energy. Recent successes, such as the deal to supply 10.5 gigawatts of renewables to Microsoft, showcase this unwavering commitment. Neoen CEO Xavier Barbaro expressed enthusiasm about partnering with Brookfield to propel Neoen’s growth further. With regulatory approvals pending, this acquisition marks a significant step forward in Brookfield's renewable energy strategy. Brookfield's acquisition of Neoen is a milestone for renewable energy in Australia and beyond. It demonstrates a robust commitment to sustainable development and positions Brookfield as a key player in the global shift towards cleaner, greener energy. #renewableenergy #sustainability #cleanenergy #brookfield #neoen #greenfuture #australia #evoegy

Masdar (Abu Dhabi Future Energy Company) has finalized its acquisition of a 50% stake in Terra-Gen, LLC, one of the largest independent renewable energy producers in the #UnitedStates. The deal, announced on October 1, 2024, marks one of Masdar’s most significant transactions to date, further solidifying its presence in the US renewable energy market. ECP (Energy Capital Partners), a key investor in Terra-Gen, has fully exited its position following the transaction. Igneo Infrastructure Partners retains its 50% stake in Terra-Gen, alongside Masdar. The deal aligns with Masdar’s long-term strategy to build 100GW of global renewable energy capacity by 2030. Terra-Gen, which operates across California and Texas, boasts a portfolio of 3.8GW of wind, solar, and battery storage projects, with plans to develop over 12GW in additional capacity. This acquisition strengthens Masdar’s commitment to expanding its renewable energy footprint in the US, a critical market in its global portfolio. Dr. Sultan Al Jaber, UAE’s Minister of Industry and Chairman of Masdar, emphasized the acquisition as a crucial step in advancing the UAE-US Partnership for Accelerating Clean Energy (PACE). The initiative aims to develop 15GW of clean energy projects in the US by 2035, further boosting the two nations’ green energy ambitions. https://lnkd.in/dQd5dxZF