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📈 $7bn Takeover: ECP Emerges as Top Candidate to Acquire Renewable Platform Atlantica Sustainable Infrastructure Reports suggest that ECP (Energy Capital Partners) is in advanced negotiations with Algonquin Power & Utilities Corp. for the takeover of Atlantica Sustainable Infrastructure Plc, a former subsidiary of Abengoa. 💼 Sale Details: – Potential Enterprise Value: >$7bn (including debt) – Market Cap of Atlantica: ~$2.5bn (listed on NASDAQ) – Sell-side Advisor: JP Morgan 🏢 Diversified Portfolio: – Total Operating Capacity: Over 2.2 GW of renewable projects across four continents USA: ~600 MW wind, 560 MW solar, 135 MW geothermal Spain: ~630 MW solar Uruguay: 150 MW wind, 10 MW solar South Africa: 100 MW solar – Development Pipeline: ~2.2 GW of renewable energy and 6.0 GWh of storage globally 💡 Industry Insights: This potential acquisition follows a recent surge in demand for renewable energy platforms driven by private equity firms: – KKR: Launched a bid to acquire Encavis AG for $5.1bn – Sosteneo: Acquired a stake in Enel Libra Flexsys for $1.3bn – Mitsubishi HC Capital: Bought a stake in European Energy for $1bn – KKR: Also in discussions to acquire a stake in PG&E's power generation operations #RenewableEnergy #PrivateEquity #InfrastructureInvestment #Sustainability #EnergyTransition #MergersAndAcquisitions #CleanEnergy #GreenInvestment #GlobalMarkets #PowerGeneration

🌍🔋 Simmons & Simmons Leads on Landmark Energy Transaction 🔋🌍 Our team has successfully advised Masdar, a frontrunner in the UAE renewable energy sector, on its monumental acquisition of Terna Energy. This deal, valued at €3.2bn, marks a significant milestone as the largest energy transaction on the Athens Stock Exchange and a major movement within the EU renewables sector. 🌱 Key Highlights of the Deal: 🌱 Acquisition Value: €3.2 billion (enterprise value). Stake: Masdar acquires an initial 67% of Terna Energy’s outstanding shares. Impact: This acquisition is set to bolster Masdar’s European presence, driving substantial capital investment across Greece and other EU nations, thereby enhancing renewable energy capacity and contributing to the EU's net zero by 2050 ambitions. Sector: Terna Energy stands at the forefront of the European clean energy sector, with a robust focus on wind, solar, hydroelectric, and pumped storage projects. 🌞 Masdar’s Vision: 🌞 Masdar continues to solidify its position as a global leader in renewable energy, with projects spanning over 40 countries and a combined investment value exceeding US$30 billion. This acquisition is a testament to Masdar’s commitment to accelerating the global energy transition. 👥 Simmons & Simmons Advisory Team: 👥 The transaction was spearheaded by Raghav Ghai, partner in our UK Corporate practice, and Corinne Noel, nee Laurensou, Of Counsel in our ENRI (Energy, Natural Resources and Infrastructure) practice. Their expertise and dedication were instrumental in navigating the complexities of this cross-border deal. #RenewableEnergy #CleanEnergy #EnergyTransition #Masdar #TernaEnergy #SimmonsAndSimmons #LegalExcellence #GlobalImpact

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

Equinor ASA has acquired 9.8% of Ørsted A/S, making it the second largest shareholder after the Danish State. This counter-cyclical investment aligns with Equinor's renewable energy growth strategy. CEO Anders Opedal emphasized the complementary nature of Ørsted’s portfolio of operating offshore wind assets with Equinor’s projects under development. Despite challenges in the offshore wind sector, Equinor remains optimistic about its long-term potential in the energy transition. Ørsted has 10.4 GW of net renewable generation capacity and aims to reach 35-38 GW by 2030. Equinor’s current stake, valued at around USD 2.5 billion, was built through market purchases and a block trade. Subject to regulatory approvals, Equinor plans to increase its holding to 10%, but has no intentions of expanding beyond that. The transaction fits within Equinor's financial framework Check more here- https://lnkd.in/gNBmZxxa #progresstoexcellence #saoperations #industryupdates #equinor #Ørsted #share #holding #owf #energyindustry #energy

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

🌊Offshore Wind M&A: Enerdatics Analyzes 9 GW of Assets Poised for Purchase Across Europe Enerdatics has analyzed over 9 GW of offshore wind assets poised for M&A across Europe. Here are the key trends: --🛢️ O&G Majors Streamline: Companies like Shell and bp are scaling back on costly renewables, prompting anticipated asset sales across Europe. Shell has already pulled out of projects in the US and South Korea, while bp restructured its US offshore wind JV. At Enerdatics, we predict similar sell-downs of greenfield developments in Europe. --⚡ Utilities Farm Down: Utilities such as Iberdrola and ESB are offloading stakes in de-risked assets to fund massive new investments, unlocking capital for multi-billion-dollar projects and bolstering their growth strategies. -- 💼 Private Equity Cashes In: As PE firms near the end of their 5-7 year holding periods, they’re seizing the opportunity to market de-risked, under-development, and mid-life operational assets—fueling the next wave of M&A in the sector. At Enerdatics, we track these shifts to deliver actionable insights for our clients. Stay in touch if you want more of these analyses! 🚀 #OffshoreWind #RenewableEnergy #MA #EnergyTransition #SustainableInvesting #Utilities #PrivateEquity #AssetRotation #EnergySector #GreenEnergy

Matouk Bassiouny advised Red Sea Wind Energy, a consortium comprising ENGIE, Orascom Construction PLC, Toyota Tsusho Corporation, and Eurus Energy Holdings, on a USD 100 million financing arrangement. The team Mahmoud Bassiouny (pictured), regional managing partner and group head of finance & projects, led the MBH team on the matter, with the additional support of counsel Nadia Abdallah, senior associate Amgad Nagy, as well as associates Aya Omar and Mai Ali. #LegalcommunityMENA #operation #sustainability #lawfirm #lawyers Read the full article --> https://lnkd.in/geActTD8

Why Did Equinor Just Invest $3.2bn on Ørsted? Enerdatics Uncovers the Strategy Behind This Major Deal 💥 Equinor has made a bold move, acquiring a 10% stake in Ørsted and becoming its second-largest shareholder. But why now? 🔍 Here’s what you need to know: Ørsted’s share price drop from DKK 1351.5 in Jan '21 to DKK 418 in Oct '24 presents a value-accretive opportunity for strategic investors. Despite challenges in the offshore wind sector, Ørsted remains a key player with over 10 GW in operation, making it a strong fit for Equinor’s renewable energy goals. Equinor’s stake acquisition isn’t just about lower valuations—it’s a strategic move to strengthen its offshore wind portfolio, aligning with Orsted’s expertise. This positions Equinor for value-driven growth as it targets 12-16 GW of installed renewable capacity by 2030. 📊 This deal follows a series of similar transactions, all driven by the same underlying factors: – May’24: ECP’s $7.5bn deal for Atlantica Sustainable Infrastructure – May’24: GIP’s & CPPIB’s $6bn takeover of Allete – Mar’24: KKR’s $5.1bn deal for Encavis Enerdatics recently conducted an in-depth analysis on this theme, and the image below highlights the key findings 👇. What’s your take? Share your thoughts in the comments Looking to dive deeper into the data behind this analysis and discover more insights like these? Let’s connect! 🤝 #RenewableEnergy #OffshoreWind #Equinor #Orsted #MergersAndAcquisitions #EnergyTransition #CleanEnergy #WindPower #EnergyInvestments #SustainableEnergy #ClimateAction #GreenEnergy #EnergyDeals #Renewables

Our 9month financial results showed a strong operational and financial performance. ✅ Added 2.3 GW of renewable capacity since January 2024, bringing our total portfolio to 43.7 GW ✅ 7.2 GW of renewable assets under construction across 67 projects ✅ Acceleration in batteries with 1.0 GW added capacity and 3.0GW under construction #WithENGIE

**The emperor's new clothes?** Equinor’s 10% acquisition of Ørsted raises important questions about the direction of the energy transition. While this deal strengthens Equinor’s presence in renewables with an uplift of their REN portfolio of ~1.7GW (based on 10% stake in Orsted’s operational renewable energy capacity on corporate level), it also comes on the heels of the company announcing accelerated investments in oil and gas. With Orsted target of 35GW renewable capacity by 2030 this could give Equinor a REN-boost of 3.5GW by 2030. The trick here is that Orsted (at least last I checked) measure delivery of their targets based on all capacity they bring online (regardless of their later divestments on project or corporate level). Or put in a different way; both companies get to move closer to their individual targets but with some of the capacity being double counted if you will. Is this a true commitment to sustainability or a balancing act to hedge against market volatility? I fully support the move by Equinor but the full roll out of the energy transition relies on bold, clear actions—not just acquisitions. Looking forward to follow the implications of this move long term - especially as this investment happens on corporate level and not only at individual project level (which has been the Orsted modus operandi so far). Happy to pick up your comments to this… #EnergyTransition #Sustainability #FossilFuels #RenewableEnergy