BlackRock investor led consortium buying AES in $10.7 billion cash deal
The transaction is the latest big announcement in a hot market for US power and utilities mergers and acquisitions, as companies jostle for position in anticipation of AI-driven demand spike.
Otovo announces acquisition of solar service provider EnergyAid
The acquisition will expand Otovo’s U.S. offerings to three states that rank among the highest in installed watts of small-scale solar per capita.
Solar-plus-storage M&A heats up as AI data centers drive demand
As AI data center growth tightens the U.S. grid, investors are pivoting toward de-risked, late-stage solar-plus-storage portfolios to secure firm capacity in a higher-rate environment, said a report from Deloitte.
OMCO Solar announces acquisition of parent company by global industrial manufacturer MacLean-Fogg
The acquisition brings together two privately held multi-generational businesses with more than 170 years of combined operational history.
Octopus Energy invests $1 billion in California clean technology
Octopus Energy will acquire a solar and storage project in California that is expected to be operational by July as part of its investment. The UK-based company, active across major markets in Europe, Australia, China and the United States, says California’s clean technology sector will “bring innovation, growth and returns to the UK.”
Create Energy adds former Graze Robotics assets to its ecosystem
The company, known for its “one-stop shop” solar solutions, says it will integrate the former autonomous mowing company’s technology into its Plant Wide Controller (PWC) network.
TerraForm Power acquires 1.5 GW Illinois solar project
Steward Creek Solar project includes a 600 MW interconnection agreement and capacity for battery storage.
Amazon acquires 1.2 GW Sunstone solar project from bankrupt Pine Gate Renewables
A federal judge approved the asset sale this week following a bankruptcy auction for the Oregon solar and storage site.
AI-based solar service provider enters largest U.S. market
Otovo, a European solar operations and maintenance service firm headed by former Sunnova CEO, enters California residential market with acquisition of Solar Service Professionals.
Nofar USA wins bid to acquire solar assets of bankrupt Pine Gate Renewables
The $285 million acquisition of utility-scale assets follows a Chapter 11 filing by the major North Carolina developer as it navigates a restructuring process for its development pipeline.
