Lightsource bp sells 1,037MW solar farms in Australia

Renewables asset M&A is looking “adult” again: capital discipline, structured exits, and platform-building are back in the driver’s seat. MW matter — but returns are increasingly decided by structure + cashflow quality + financing architecture. 📌 Recent renewables transactions with Spanish champions (different “deal logics”) - ACCIONA Energía → Opdenergy (Spain) OPDenergy acquired 440 MW of operating wind in Spain (13 wind farms) for €530m, plus a PV development pipeline of up to 351 MWp (hybridisation optionality). - ACCIONA Energía (US / Mexico): agreed to sell 49% of a 1.3 GW US solar portfolio and 100% of 321 MW wind in Mexico for ~US$1.0bn (equity value). - repsol (Spain): 49% stake sale to Schroders Greencoat LLP in a 400 MW wind+solar portfolio valued at €580m. - repsol (US): agreement with Stonepeak to acquire 43.8% of the Outpost solar project (629 MW, Texas). - Iberdrola (France): divested onshore assets to Technique Solaire, including 118 MW operating plus a 639 MW pipeline. - Naturgy (US): sale of a portfolio of solar + storage development projects. What tends to drive value in these deals (beyond the headline price): - Revenue stack quality: PPA terms vs merchant exposure; hedge profile; capture price assumptions - Asset life & capex: repowering needs, grid constraints, hybridisation/storage optionality - Financing: SPV leverage, DSCR sculpting, covenant flexibility, refinancing optionality - Structure: minority/JV governance, earn-outs, contingent considerations, completion risk Market question: Do you expect more platform-building acquisitions (operating MW + embedded optionality) or more minority partnerships as the default growth model in mature European renewables? https://lnkd.in/eGj_7jzi

Just read some exciting news this morning, RES has secured a 217MW solar and BESS asset management deal from Nala When companies like Nala put their trust in renewable energy solutions, it's not just a plus for the environment but also a significant leap for job creation in this fast growing sector. This deal will likely open doors for numerous job opportunities This is a bold statement of where our future is heading, towards greener more sustainable energy solutions Kudos to RES and Nala for setting a powerful example in the industry. Looking forward to seeing how this partnership unfolds

Iberdrola's acquisition of the Ararat wind farm marks a significant milestone in Victoria’s renewables market. Expansion across five Australian states demonstrates increased momentum in global energy diversification. How do you see strategic M&A shaping the future of renewables? https://cstu.io/ea8126

Boralex Inc. acquired two onshore wind project developments in the UK with a combined capacity of 59 MW, strengthening its renewable energy portfolio. The acquisition includes the 25 MW Upper Ogmore Wind Farm in South Wales and a 75% majority stake in the 34 MW Tom na Clach Extension in the Scottish Highlands. Upper Ogmore, previously owned by Marubeni Corporation, secured a 20-year Contract for Difference in Allocation Round 7. https://lnkd.in/e5VUSkVf #OnshoreWind #UK #Acquisition #ColinCawdor #Marubeni #Infinergy #Boralex #Infrastructure

Iberdrola has acquired the 242 MW Ararat Wind Farm in Victoria, Australia, expanding its renewable portfolio and strengthening its presence across five states while supporting corporate PPAs and the country’s #cleanenergy transition. Partners Group | OPTrust | Norges Bank Investment Management | #electricity https://lnkd.in/gc5Cnw2Z

What does rapid expansion in the U.S. solar market look like in practice? Nofar Energy’s U.S. subsidiary has completed the acquisition of a 1 GW solar portfolio from Pine Gate Renewables, marking one of the largest renewable energy portfolio transactions in the United States this year. The deal was finalized within just two months of signing and includes solar assets across several key markets. The portfolio consists of 650 MWdc of operational solar projects, 100 MWdc currently in advanced construction, and 225 MWdc in early-stage development. These projects are spread across Texas, Alabama, South Carolina, and North Carolina—regions that continue to see strong growth in solar deployment. The transaction was supported by BNP Paribas as financial advisor, Clifford Chance as legal advisor, and Euclid Power as technical advisor, while Bank Hapoalim committed $255 million in financing. Following the acquisition, Nofar USA’s portfolio now stands at 2.3 GWdc of solar capacity and 1.5 GWh of energy storage. #solarenergy #renewableenergy #cleanenergy #solarpower #energytransition #energyinvestment #energystorage #infrastructure #greenenergy #usenergy https://lnkd.in/gyVMGUJ4

Michael Steiner appointed new CEO of FRV Australia Renewables developer Fotowatio Renewable Ventures (FRV) Australia has announced the appointment of Michael Steiner as its new CEO. Steiner, who over the past two years has held the position of Chief Business Development Officer (CBDO) for the company in the region, brings almost three decades of international experience in the energy sector, with extensive expertise in business development, general management, strategic leadership and project execution across multiple markets. https://lnkd.in/gdfdKRWj

INVESTOR NEWS: British Columbia Investment Management Corporation (BCI), Norges Bank Investment Management (NBIM) and Brookfield have announced the launch of Northview Energy, a privately held renewable energy company that will acquire and own a diversified portfolio of contracted, operating renewable assets in the United States and Canada. https://lnkd.in/gRYK7baW

Nofar USA LLC, part of Nofar Energy, has closed the acquisition of c.1 GW of solar energy assets from Pine Gate Renewables. The closing follows approval of the sale by the US Bankruptcy Court for the Southern District of Texas on January 5, 2026. The acquired portfolio includes utility-scale solar projects in operation, under construction, and in development across Texas, Alabama, South Carolina, and North Carolina. The portfolio comprises 650 MWdc currently in operation, 100 MWdc in advanced construction, and 225 MWdc in an early stage of construction. “The success of this closing is owed to our top-quality management team in the US, our excellent access to capital markets, and to the group’s strong balance sheet,” said Allon Raveh, Chairman and CEO of Nofar USA. “These were the basis to successfully make the acquisition and financing of 1GW of solar assets possible within two months. This transaction proves how committed and determined we are in becoming a significant participant in the U.S and we are already working on the next opportunities.” The acquisition was financed with $255 million provided by Bank Hapoalim בנק הפועלים. Following the transaction, Nofar USA’s portfolio now totals 2.3 GWdc of solar assets, including operational and development-stage projects, alongside 1.5 GWh of storage assets under development. Clifford Chance acted as legal adviser to Nofar USA, while BNP Paribas served as exclusive financial adviser. https://lnkd.in/g-C5HUm9 #cleanenergy

Brookfield, Norges Bank Investment Management and BCI to launch Northview Energy, a $2.6bn renewables platform. ~2.3 GW of operating wind and solar across 11 US states. 22 contracted assets (17 solar / 5 wind) backed by long-term PPAs with investment-grade offtakers and ~16 years remaining contract term. NBIM is investing ~$425m for a 33.3% stake, with equal ownership across all three partners. Brookfield is carving out assets from Deriva Energy, Scout Clean Energy and Urban Grid and recapitalising them into a contracted renewables platform alongside institutional capital. Institutional investors continue to favour contracted operating portfolios over development risk, particularly in established power markets. Several US renewable portfolios are already circulating among infrastructure funds and strategic buyers, with early signals also emerging around EDF power solutions North America... watch this space.