Renewable Energy
Who acquires Renewable Energy companies
73 distinct acquirers across 90 recorded transactions, 2014 to 2026. Every buyer below has completed at least one acquisition in this sector.
Top 10 acquirers of Renewable Energy companies
Ranked by number of acquisitions recorded in this sector, with the year of each buyer's latest one. A buyer that has done this more than once has a thesis, and a thesis is what makes an approach worth making.
| Acquirer | Deals here | Last deal |
|---|---|---|
| SunPower Inc. | 3 | 2026 |
| Brookfield Renewable Partners | 3 | 2022 |
| Greencoat UK Wind | 3 | 2018 |
| ALLETE Clean Energy | 3 | 2015 |
| TerraForm Power | 3 | 2015 |
| Array Technologies | 2 | 2025 |
| Repsol | 2 | 2023 |
| Enbridge | 2 | 2022 |
| WEC Energy Group | 2 | 2020 |
| Ørsted | 2 | 2018 |
Counted from 90 recorded transactions, 2014 to 2026. Name variants of the same buyer (Inc, Corporation, Ltd) are counted together.
Would these buyers pay for yours?
Put a number on it first: run the free estimate, then the $199 written report sets your range against the Renewable Energy band and the comparable disclosed deals, in a document you can share. If the business is profitable, has $1M or more of revenue and you may sell within two years, talk to our advisory team about which of these buyers would engage, and at what price. The first conversation is free.
Recorded transactions
| Target | Acquirer | Date | Value | EV/EBITDA | EV/Revenue |
|---|---|---|---|---|---|
| Azure Energy | Algorhythm Holdings | 2026-09-15 | n/d | n/d | n/d |
| Sono Motors GmbH | Vorratsla-160 M UG and Vorratsla-161 M UG | 2026-05-04 | n/d | n/d | n/d |
| Cobalt Power Systems | SunPower Inc. | 2026-02-02 | n/d | n/d | n/d |
| Sun Solar LLC | ConnectM Technology Solutions | 2026-01-05 | n/d | n/d | n/d |
| Emeren Group Ltd | Shurya Vitra Ltd. | 2025-12-12 | n/d | n/d | n/d |
| Ambia Energy | SunPower Inc. | 2025-11-21 | $38m | n/d | n/d |
| Green Plains Obion ethanol plant | POET Biorefining - Obion | 2025-09-25 | $190m | n/d | n/d |
| Sunder Energy LLC | Complete Solaria | 2025-09-24 | n/d | n/d | n/d |
| TPI Türkiye (TPI Kompozit Kanat Sanayi ve Ticaret A.S. and TPI Kompozit Kanat 2) | XCS Composites L.L.C-FZ | 2025-09-10 | n/d | n/d | n/d |
| Heliogen | Zeo Energy Corp. | 2025-08-08 | n/d | n/d | n/d |
| The Andersons Marathon Holdings LLC | The Andersons | 2025-07-31 | $425m | n/d | n/d |
| APA Solar | Array Technologies | 2025-06-18 | $179m | 7.2x | 1.4x |
| Altus Power | TPG | 2025-04-16 | $2.2bn | n/d | n/d |
| Red Trail Energy ethanol plant and carbon capture assets | Gevo | 2025-01-31 | $210m | n/d | n/d |
| Trina Solar - 5 GW Solar Module Manufacturing Facility | FREYR Battery | 2024-11-06 | $340m | n/d | n/d |
| iSun | OGE | 2024-09-04 | $10m | n/d | n/d |
| Ojjo | Nextracker | 2024-06-20 | $119m | n/d | n/d |
| ConnectGen | Repsol | 2023-09-09 | $768m | n/d | n/d |
| NeXtWind Capital | PSP Investments (PE) | 2023-08-09 | $750m | n/d | n/d |
| TransAlta Renewables | TransAlta | 2023-07-11 | $608m | n/d | 1.4x |
| Evolar | First Solar | 2023-05-12 | $38m | n/d | n/d |
| Tion Renewables | EQT (PE) | 2023-03-27 | $169m | n/d | n/d |
| Asterion Energies | Repsol | 2023-01-16 | $631m | n/d | n/d |
| Construction Solar Assets - 220 Megawatts | Altus Power | 2022-12-27 | $293m | n/d | n/d |
| Skogberget Vind | SCA | 2022-12-21 | $95m | n/d | n/d |
| Tri Global Energy | Enbridge | 2022-09-29 | $270m | n/d | n/d |
| Spruce Power | XL Fleet | 2022-09-12 | $59m | 1.1x | 0.7x |
| North American Natural Resources | Kinder Morgan | 2022-08-11 | $135m | n/d | n/d |
| Albioma | KKR (PE) | 2022-04-28 | $547m | n/d | n/d |
| New Energy Equity | Allete | 2022-03-02 | $166m | n/d | n/d |
| SunPower - Commercial & Industrial Solutions | TotalEnergies | 2022-02-10 | $250m | n/d | n/d |
| Aela Energia | Innergex Renewable Energy | 2022-02-03 | $686m | n/d | n/d |
| Kempstone Hill Wind Energy | Parkmead Group | 2022-02-01 | $5m | n/d | n/d |
| Urban Grid | Brookfield Renewable Partners | 2022-01-26 | $650m | n/d | n/d |
| Resolux | Gexpro | 2022-01-03 | $36m | n/d | n/d |
| SolAero | Rocket Lab | 2021-12-13 | $80m | n/d | n/d |
| STI Norland | Array Technologies | 2021-11-11 | $396m | n/d | n/d |
| Sunpro | ADT | 2021-11-09 | $825m | n/d | n/d |
| Blue Raven Solar | SunPower | 2021-10-05 | $165m | n/d | n/d |
| SunCommon | iSun | 2021-09-08 | $40m | n/d | 1.2x |
| CleanMax | Augment Infrastructure (PE) | 2021-08-12 | $248m | n/d | n/d |
| Terra-Gen Power LLC - Two Contracted Geothermal Assets | Ormat Technologies | 2021-05-24 | $171m | n/d | n/d |
| Gor-Stal - Thermal Insulation Board Business | Recticel | 2021-03-19 | $34m | n/d | n/d |
| Nu-Heat UK Ltd. | Polypipe Group | 2021-02-15 | $42m | 8.7x | 1.7x |
| Pinnacle Renewable Energy | Drax Group | 2021-02-08 | $632m | 26.0x | 1.8x |
| Wento | PGE Polska Grupa Energetyczna | 2020-07-31 | $56m | n/d | n/d |
| Pacific Aurora LLC | Aurora Cooperative | 2020-03-03 | $53m | n/d | n/d |
| LongWing Energy France SA - Three Wind Farms | ERG | 2020-02-24 | $45m | n/d | n/d |
| Blooming Grove Wind Energy Center | WEC Energy Group | 2020-01-27 | $345m | n/d | n/d |
| Tilawind | MPC Capital (PE) | 2019-04-30 | $50m | n/d | n/d |
| Amplus Energy Solutions | Petroliam Nasional Berhad (PETRONAS) | 2019-04-15 | $389m | n/d | n/d |
| Integración Energética Argentina S.A. - Brigadier López Plant | Central Puerto | 2019-02-27 | $165m | n/d | n/d |
| Coyote Ridge Wind Farm | WEC Energy Group | 2019-01-08 | $145m | n/d | n/d |
| Deepwater Wind | Ørsted | 2018-10-08 | $510m | n/d | n/d |
| Lincoln Clean Energy LLC | Ørsted | 2018-08-09 | $580m | n/d | n/d |
| Pattern Energy Group LP - Chilean Operations | Arroyo Energy Investors (PE) | 2018-05-24 | $67m | n/d | n/d |
| NextEra Energy Partners LP - Canadian Renewable Portfolio | CPP Investments (PE) | 2018-04-02 | $689m | n/d | n/d |
| ERG S.p.A. - Brockaghboy Wind Farm | Greencoat UK Wind | 2018-03-08 | $251m | n/d | n/d |
| TerraForm Global | Brookfield Private Equity (PE) | 2017-12-28 | $750m | 7.1x | 3.1x |
| Puregas Solutions AB | Wartsila | 2017-10-04 | $33m | n/d | 1.4x |
| Garreg Lwyd Hill Wind Farm | TRIG | 2017-05-17 | $154m | n/d | n/d |
| Neilston Community Wind Farm LLP | TRIG | 2017-05-09 | $35m | n/d | n/d |
| Solbright Renewable Energy LLC | Iota Communications | 2017-05-08 | $15m | n/d | n/d |
| Maxim Power | Hull Street Energy (PE) | 2017-04-13 | $106m | n/d | n/d |
| Langhope Rig Wind Farm | Greencoat UK Wind | 2017-03-27 | $61m | n/d | n/d |
| Infinis | 3i Infrastructure (PE), 11-15 Seaton Place | 2016-10-31 | $285m | n/d | n/d |
| Calpine - Mankato Power Plant | Southern | 2016-09-01 | $396m | n/d | n/d |
| Screggagh Wind Farm | Greencoat UK Wind | 2016-06-28 | $42m | n/d | n/d |
| UpWind Solutions | Vestas | 2015-12-07 | $60m | n/d | n/d |
| EverPower Wind - 103-Megawatt West Virginia Wind Project | Enbridge | 2015-11-25 | $200m | n/d | n/d |
| Granite Ridge Energy Center | Calpine | 2015-10-13 | $500m | n/d | n/d |
| Talen Energy - 292 MW Hydroelectric Portfolio | Brookfield Renewable Partners | 2015-10-08 | $860m | n/d | n/d |
| BLP Energy Pvt. Ltd. | Enel | 2015-09-24 | $34m | n/d | n/d |
| Nextracker | Flex | 2015-09-08 | $330m | n/d | n/d |
| Infigen Energy - US Wind Business | Primary Wind Power LLC | 2015-07-15 | $273m | n/d | n/d |
| AES Armenia Mountain Wind LLC | ALLETE Clean Energy | 2015-07-02 | $108m | n/d | n/d |
| Solaire Direct | ENGIE | 2015-07-02 | $225m | n/d | n/d |
| Atlantic Power Corp - Wind Portfolio | SunEdison | 2015-06-26 | $347m | n/d | n/d |
| Biomethanol Chemie Nederland B.V. (BioMCN) | OCI | 2015-06-11 | $17m | n/d | n/d |
| EDF Renewable 97.5 MW Wind Generation Facility | ALLETE Clean Energy | 2015-04-16 | $48m | n/d | n/d |
| SunEdison - 26 Megawatts Of Distributed Generation Solar Power Plants | TerraForm Power | 2015-01-07 | $47m | n/d | n/d |
| Capital Dynamics - 77.6 MW of Distributed Solar Power Plants | TerraForm Power | 2014-12-22 | $21m | n/d | n/d |
| NRG Energy 108MW Storm Lake 1 Wind Farm | ALLETE Clean Energy | 2014-12-18 | $15m | n/d | n/d |
| Enel Green Power France SAS | Boralex | 2014-12-15 | $304m | n/d | n/d |
| ALLETE Clean North Dakota Wind Farm | Montana-Dakota Utilities Co. | 2014-11-24 | $200m | n/d | n/d |
| Energisa 488 MW Multi-Technology Renewable Portfolio | Brookfield Renewable Partners | 2014-11-20 | $935m | n/d | n/d |
| Exelon -Fore River Energy Center | Calpine | 2014-11-07 | $530m | n/d | n/d |
| Hudson Energy Solar Corp. | TerraForm Power | 2014-11-04 | $56m | n/d | n/d |
| SolAero | Enlightenment Capital (PE) | 2014-09-17 | $150m | n/d | 2.1x |
| Zuma Energia | Actis Capital (PE) | 2014-09-05 | $245m | n/d | n/d |
n/d means not disclosed. Most transactions close without a published multiple, which is why the disclosed count matters more than the median.
Who owns Energy & Utilities companies
On PEStore, Renewable Energy sits within Energy & Utilities. PEStore profiles the private equity firms and serial acquirers active there: what they own, how long they have held it, and every deal on record. Underlined acquirers above link to their profiles.
Energy & Utilities investors and acquirers on PEStoreMultiples across every sector
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