Category: North America Deal Watch

The Saudi Electric Company (SEC) has raised over USD3.56 billion to support its long-term growth and the development of a Saudi Arabia–Egypt electricity interconnection project.

Cypress Creek Renewables has acquired four Texas standalone battery energy storage system (BESS) projects from Black Mountain Energy Storage (BMES).

Aypa Power, a Blackstone portfolio company, has closed a USD88-million construction and term loan facility for its 173-MWh Wolf Tank standalone battery energy storage system (BESS) in Texas.

Pattern Energy Group has announced that it has acquired the first phase of the 525 kV SunZia transmission project from SouthWestern Power Group.

GridTek Utility Services, a leading provider of electrical transmission and distribution maintenance, repair and upgrade services for utility and industrial customers, and a First Reserve portfolio company, announced it has successfully signed and closed on the simultaneous acquisitions of American Power, LLC and Valiant Energy Services, LLC.

British engineering firm, Babcock International Group PLC, has sold its overhead line (OHL) power business to infrastructure service provider, M Group Services (MGS), which is backed by international private equity firm PAI Partners.

Goldman Sachs announced USD250 million investment in long-duration energy storage provider, Hydrostor, which uses novel, advanced compressed air energy storage (A-CAES) technology.

MasTec, Inc announced that it has completed the acquisition of Henkels & McCoy Group, Inc. (Henkels), one of the leading private electrical power transmission and distribution (T&D) construction firms in the US.

GE Digital has entered into an agreement to acquire Opus One Solutions Energy Corporation (Opus One), a software company that helps electric utilities optimise energy planning, operations, and market management.

MasTec, Inc. has signed a definitive agreement to acquire Henkels & McCoy Group Inc., one of the leading private electrical power transmission and distribution utility construction firms in the US.

The wholly-owned subsidiary of PNM Resources, Public Service Company of New Mexico (PNM), announced that it has closed on its purchase of the Western Spirit transmission line, and service under the transmission service agreements has begun.

TransWest Express LLC (a wholly-owned affiliate of The Anschutz Corporation) has agreed to sell 1,500 MW of capacity on the Wyoming─Nevada transmission line [also known as the TransWest Express (TWE) Project] to Power Company of Wyoming (PCW).

NextEra Energy Resources LLC, a subsidiary of NextEra Energy Inc, has announced the completion of a 2,520-MW portfolio of wind, solar, and energy storage assets spread across nine states in the US.

Canadian Solar’s CSI Solar business unit announced the signing of a framework agreement with Contemporary Amperex Technology Company Limited (CATL), to collaborate on battery energy storage systems (BESS), lithium-ion battery module supply, battery storage project operation and maintenance services, and innovative renewable energy technology.

San Clemente-based TS Conductor Corp. has raised USD25 million through a Series A funding round.

Bentley Systems Incorporated, an infrastructure engineering software company, announced that it has reached a definitive agreement with private equity firm TA Associates to buy Power Line Systems for USD700 million.

The US Trade and Development Agency (USTDA) has approved a grant for undertaking a feasibility study led by the West African Power Pool (WAPP) for a 225 kV transmission line to connect Ivory Coast with Liberia. The aim of the project is to expand access to electricity in West Africa through new transmission infrastructure.

Plus Power, an independent developer of transmission-connected battery energy storage facilities in Hawaii, announces the completion of a credit facility for its 185 MW/565 MWh Kapolei Energy Storage (KES) project.

Q CELLS USA Corp. announced the purchase of the 190 MW/380 MWh Sputnik Energy Storage project, Belltown Power Texas, LLC (Belltown).

General Electric (GE) announced that it has been awarded a total of USD3.7 million in funding from the US Department of Energy’s (DOE) Advanced Research Projects Agency-Energy (ARPA-E) for two related projects to help accelerate the decarbonisation of the US electrical grid.