June 2025

A unit of Ares Management Corporation, an US alternative investment manager, entered exclusive negotiations to acquire a 20% stake in Plenitude, the renewables subsidiary of Italian energy major Eni SpA, at a proposed enterprise valuation of up to €12 billion. Eni and Ares Alternative Credit Management signed an exclusivity agreement to finalise the terms of the transaction

Blackstone Inc. entered into a definitive agreement to acquire TXNM Energy, a regional energy platform driving the energy transition in New Mexico and addressing rising electricity demand in Texas in a €10.2 billion all-equity transaction. Under the terms of the deal, Blackstone Infrastructure will take the company private at $61.25 per share in cash

Shareholders of Innergex Renewable Energy Inc. approved the company’s acquisition by CDPQ, valuing the Canadian clean energy developer at a total enterprise value of €6.35 billion. The transaction received strong backing, with 99.86% of votes cast in favor at the May 1, 2025, shareholder meeting, following favorable recommendations from proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis

EDP Renewables signed an agreement with Amundi Energy Transition for the sale of a 121MW operational onshore wind portfolio across France and Belgium. The transaction, valued at an estimated enterprise value of €200 million, grants EDPR the right to divest the entire portfolio to multiple entities managed by AET. The portfolio consists of 12 wind farms, 11 in France and one in Belgium, with financial close anticipated in 2025

Greencoat Renewables entered into an agreement to divest a 116MW portfolio of Irish onshore wind assets to HitecVision for €156 million. The transaction includes full ownership of five assets totaling 65.7MW and a 50% stake in one of the company’s larger wind projects. The acquisition has facilitated the launch of a new Irish renewable energy platform by HitecVision and Reinova Partners, an energy transition-focused investment firm

UK-based investment firm, Actis raised $1.7 billion for its second long-life infrastructure fund, targeting sectors like renewables, power transmission, district cooling, toll roads, and digital infrastructure. The Actis Long Life Infrastructure Fund II (ALLIF2) received strong backing from both new and existing investors, including pension funds, funds of funds, insurance companies, and sovereign wealth funds from Europe, North America, Asia, and the Middle East

German energy company E.on SE secured a €4.7 billion syndicated credit facility to support sustainable investments and energy transition projects. The facility has a five-year term, with two one-year extension options. Additionally, E.on has the flexibility to increase the loan amount by up to €1 billion during the contract period. The financing was arranged by a consortium of 21 banks

Doral Renewables LLC secured $1.5 billion in debt and tax equity financing for three phases of its 1.3GW Mammoth Solar project in Indiana, US. The financing covers the Mammoth South, Mammoth Central I, and Mammoth Central II projects, each with a capacity of 300MW. Doral finalised deals with KeyBanc Capital Markets Inc, Banco Santander SA, and HSBC Bank USA for $1.3 billion in construction debt, including $412 million in construction-to-term loan facilities, $614 million in tax equity bridge loans, and a $259 million letter of credit facility. Additionally, the company secured a tax equity commitment exceeding $200 million for Mammoth South from Truist Bank

Aypa Power, a Blackstone-backed developer of energy storage and hybrid renewable projects, expanded its corporate credit facility to $1.05 billion, up from the original $650 million secured in July 2024. The upsized facility comprises a $300 million term loan, a $200 million revolving credit line, and a $550 million letter of credit facility. The enhanced capital base will support the continued buildout of Aypa’s multi-gigawatt pipeline of utility-scale energy storage and hybrid renewable projects across North America