US wind industry news : Apex Clean Energy has offloaded the 303MW Diamond Spring wind project in Oklahoma to Allete Clean Energy, a fully-owned subsidiary of Allete, for an undisclosed price, as per the latest energy acquisition news. Diamond Spring wind project location The Diamond Spring wind project, which will be located in Johnston and […]
Energy acquisition news : Greenbacker Renewable Energy has acquired the 12MW Eagle Valley Clean Energy Biomass Project in Gypsum, Colorado for an undisclosed price. The Eagle Valley Clean Energy Biomass facility produces power from the combustion of waste wood. Under a long- term contract, the Colorado biomass power plant sells all the power it generates […]
Chevron acquisition of Anadarko : California-based Chevron has agreed to acquire rival US oil and gas company Anadarko Petroleum in a stock-cum-cash deal worth $33 billion, as per the latest energy acquisition news. Chevron acquisition of Anadarko As per the terms of the deal, shareholders of the Texas-based Anadarko Petroleum will exchange their shares in […]
Innergex Renewable Energy has struck a deal to offload its entire stake in its Icelandic assets to a Macquarie Infrastructure and Real Assets, a managed European infrastructure fund for $304.8 million (CAD 408.8 million). In this regard, the Canadian power producer will divest Magma Energy Sweden, which is its wholly-owned subsidiary that has a stake […]
Wind industry news : British investment trust The Renewables Infrastructure Group (TRIG) has signed a deal worth €207 million to acquire the operational 212.85MW Jadraas wind farm from Arise and Sydvastanvind, two Swedish firms controlled by Platina Energy Partners. The Jadraas wind farm built near Ockelbo, north of Stockholm, is equipped with 66 V-112 turbines […]
Encana acquisition of Newfield : Encana Corporation has successfully completed the acquisition of US oil and gas company Newfield Exploration for $7.7 billion as per the latest energy acquisition news. The deal signed last November also includes assumption of the Texas-based Newfield Exploration’s net debt of $2.2 billion by the Canadian natural gas and oil […]
Energy acquisition news : Husky Energy has cancelled its previously announced offer of buying out Canadian oil sands company MEG Energy for C$6.4 billion ($5 billion) owing to multiple reasons including a failure to get enough shareholder support. The offer to acquire the Canadian oil sands company was made in September 2018, which expired this […]
Wind industry news : Ares Management said that a fund managed by its Infrastructure and Power strategy has completed acquisition of three operating wind farms in Texas with a combined capacity of 430MW from BP Wind Energy North America. The transaction involved two wind farms in the ERCOT West region – 145MW Sherbino Mesa 2 and […]
Verus Petroleum acquisition of Cieco : Scottish oil and gas company Verus Petroleum, has signed a $400 million Sale & Purchase Agreement (SPA) with Japanese commodity trading house Itochu to acquire its subsidiary Cieco Exploration & Production (UK). Verus Petroleum acquisition of Cieco will see the Scottish oil and gas company get a stake of […]
Energy acquisition news : Rival oil and gas companies Eclipse Resources and Blue Ridge Mountain Resources have signed an all-stock merger deal to form a $1.4 billion Utica-focused gas operator. While Eclipse Resources is headquartered in State College, Pennsylvania, Blue Ridge Mountain Resources is based in Irving, Texas. The enlarged US oil and gas company […]