Author: PPD Team Date: 20/03/2025
The global energy sector continues to witness major acquisitions, power purchase agreements (PPAs), and strategic investments. Here are the latest key developments:
Key deals and investments in the energy sector
Engie acquires 157MW UK renewable portfolio
Engie has acquired a 157MW renewable energy portfolio in the UK from MEAG, Munich Re’s asset management arm. The deal includes four solar photovoltaic farms and three onshore wind farms in England and Wales.
FRV Australia and OMERS acquire Axedale solar and battery project
Fotowatio Renewable Ventures (FRV) Australia and OMERS have acquired the Axedale project from ACEN Australia. The project, located in Victoria, has a 140MWac solar capacity and a 50MW/100MWh battery system, supplying power to 80,000 homes annually.
RWE signs 200MW solar power purchase agreement with Meta
RWE and Meta have signed a power purchase agreement for the 200MW Waterloo solar project in Texas. Meta will buy 100% of the power, marking its third long-term contract with RWE, bringing total offtake to 574MW.
Jupiter Power secures $286m for US battery storage projects
Jupiter Power has secured $286m in financing to develop two standalone battery energy storage systems in Michigan and Texas. The projects have a combined capacity of 300MW/800MWh and will be operational by 2025.
Nordex Group to supply 16 wind turbines for Canadian project
Nordex will supply 16 N163/5.X turbines for a 94MW wind project in Nova Scotia, Canada. The deal includes a 25-year service agreement, with delivery set for mid-2026. The turbines feature anti-icing technology for winter operations.
Telehouse signs ten-year renewable PPA with RWE
Telehouse has signed a ten-year power purchase agreement with RWE to supply renewable energy to its London Docklands data center. The electricity will come from the London Array offshore wind farm and will last until 2035.
Partners Group sells Greenlink Interconnector for over $1.08bn
Partners Group has sold the 504MW Greenlink Interconnector, a subsea electricity link between Great Britain and Ireland, to Baltic Cable and Equitix for over $1.08bn. The project will begin commercial operations in 2025.
Catalyze secures $400m debt facility for US renewable projects
Catalyze, a distributed renewable energy developer, has secured a $400m multiyear debt facility from ATLAS SP Partners. The funds will support the construction of commercial, industrial, community solar, and battery storage projects.
Masdar in talks to buy 49.9% stake in Endesa’s 450MW solar portfolio
Masdar is in advanced discussions to acquire a 49.9% stake in a 450MW solar portfolio from Spain’s Endesa for $200m. The deal aligns with Masdar’s goal of reaching 100GW by 2030 and Endesa’s parent company Enel’s strategy of selling minority stakes.
These deals reflect the growing momentum in renewable energy investments, storage expansion, and corporate power purchase agreements. As companies worldwide continue to scale their clean energy portfolios, the sector is poised for further consolidation and growth.