portfolio acquisition

Energy utility American Electric Power (AEP) has agreed to a sale of its 1.3GW unregulated renewables portfolio for approximately US$1.5 billion including project debt, with a view to investing in its regulated wires and generation business.

Spanish oil major Repsol has acquired renewables energy investment platform Asterion Energies from European infrastructure fund Asterion Industrial for €560 million, plus up to €20 million in contingent payments.

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

Canadian energy company Suncor Energy has reached an agreement to sell its solar and wind assets to Canadian Utilities, an ATCO subsidiary, for C$730 million (US$535 million).

RWE has signed a purchase agreement with Con Edison to acquire all shares of its renewable energy subsidiaries, Con Edison Clean Energy Businesses.

Plenitude, a renewables subsidiary of oil major Eni, has partnered with IPP Infrastrutture to develop 1.5GW of solar PV and wind projects in Italy and Spain.

Spanish developer Matrix Renewables has secured a 4.6GW utility-scale solar PV portfolio from developer SolarStone Partners.

German utility RWE has acquired Polish developer Alpha Solar which has a solar project pipeline of nearly 3GW.

IPP Onward Energy has entered into a bidding agreement to acquire 1,171MW of operating solar assets from Global Atlantic Financial Group.

US utility Southwestern Electric Power Company (SWEPCO) has sought approval from Louisiana’s regulators to acquire a solar project there.