m&a

As 2022 comes to an end, PV Tech is reviewing the year in solar, reflecting on some of the biggest stories and trends of the last 12 months. Following on from our Q1 review, we take a look at how the industry navigated rising prices and detail some of the major acquisitions.

EQT Infrastructure, a global investment group, has agreed to acquire US distributed solar developer Madison Energy Investments (MEI) from affiliates of Stonepeak Partners.

Australian company Squadron Energy has acquired CWP Renewables in a deal it claims will make it Australia’s largest renewables developer, investor and operator.

Plenitude, the renewables subsidiary of oil company Eni, has announced the acquisition of fellow Italian renewable energy company PLT and its assets.

Strata Clean Energy, a US solar and storage developer, has acquired Arizona-based Crossover Energy Partners to expand its offerings and execution capabilities.

A wholly owned subsidiary of Singapore-based energy company Sembcorp Industries has secured a deal to acquire Indian independent power producer Vector Green Energy.

Renewables asset owner Brookfield Renewable is planning to commission at least 10GW of clean energy projects in the next three years, leveraging its newly acquired US solar businesses.

US engineering, procurement, and construction contractor SOLV Energy has invested in autonomous robotics company Swap Robotics.

Renewables asset owner Brookfield Renewable is planning to take advantage of policy headwinds stemming from the US’s Inflation Reduction Act as it bolsters its presence in the commercial and community PV segment with the acquisition of Standard Solar.

Corporate funding in the global solar sector was dampened by inflation and high interest rates during the first nine months of the year, according to research from Mercom Capital Group.