April 2025

Ardian, a leading private equity firm, has agreed to acquire Akuo, a prominent independent power producer in renewable energy, from its owner Intermediate Capital. The deal values Akuo at €950 million in equity, or over €2 billion including debt

UK energy storage capacity owner and operator Harmony Energy Income Trust plc accepted an offer to be acquired by Drax Group Plc in a deal valuing the business at about €239m. HEIT has a fully operational portfolio of eight two-hour battery energy storage systems projects with a total capacity of 395.4MW

Renewable Power Capital (RPC), a London-based renewables platform, acquired Njordr AS’s onshore wind and solar development portfolio in Sweden and Finland. The transaction adds up to 1.9GW of early-stage capacity across 22 projects and brings Njordr’s development team into RPC’s UK platform, significantly strengthening its Nordic footprint and in-house expertise. The financial details of the transaction have not been disclosed

Spanish multi-energy company Repsol SA sold a 49% stake in 400MW of wind and solar projects across Spain to Schroders Greencoat, Schroders Capital’s renewables and energy transition infrastructure manager. The portfolio, valued at €580 million, comprises eight wind plants with a total capacity of 300MW and two solar sites of a combined 100MW. The wind farms are located in the northern Spanish provinces of Huesca, Zaragoza and Teruel, while the solar plants are in the province of Palencia, Spain

AlphaReal, an asset investment manager, completed the acquisition of five solar energy projects across the UK, with the transactions totaling over £160 million. The largest of these is the Bockingfold Solar Farm, a 66.6MWp ground-mounted solar PV power station in Kent, developed by Voltalia, which secured a 15-year contract for difference (CfD) at the fifth auction in 2023. Additionally, AlphaReal has invested in three solar power plants developed by European Energy

Copenhagen Infrastructure Partners (CIP) surpassed its initial goal for its flagship energy transition fund, CI V, securing over €12 billion at the final closing. CI V focuses on a variety of technologies, including wind and solar energy as well as battery storage, and targets low-risk Organisation for Economic Co-operation and Development (OECD) countries across Europe, North America, and the Asia-Pacific region

Portuguese utility company EDP Energias de Portugal SA is set to receive €500 million in loans from the European Investment Bank (EIB) to support renewable energy projects and power grid improvements in the Iberian Peninsula. This includes a €200 million loan for wind and solar developments in Spain, marking the second tranche of an up-to €900 million framework agreement with the EIB that also covers initiatives in Portugal and Italy. Additionally, EDP will secure €300 million as the second tranche of a potential €800 million loan to enhance its networks in Spain and Portugal

Arevon Energy Inc., a US-based renewables developer, finalized a $509 million financial close for a two-phase solar project in Scott County, Missouri, US, with a total capacity of 430MWdc. The financing comprises a $245 million bridge loan, a $172 million construction loan, and $92 million in credit support. Canadian Imperial Bank of Commerce (CIBC) led the transaction, with participation from other banks including Commerzbank, Commonwealth Bank of Australia, Lloyds Bank, and National Bank of Canada

BayWa r.e. AG, the German renewables company, will receive approximately €435 million in support from shareholders and financiers to sustain its transformation efforts after the collapse of a deal that would have made Energy Infrastructure Partners (EIP) its majority shareholder. This additional financing, comprising bank and shareholder loans, credit lines, and guarantees, will cover the company’s capital needs through to the end of 2028