Renewables M&A in Europe: TAURON acquires BME Jawor

It was a slow week for energy M&A, with just 10 deals featuring in our tracker.

That could be reflecting a broader trend, with analysis from Forvis Mazars and Mergermarket revealing that deal volumes are softening across Southern Europe even as values climb.

The study counted 1,858 M&A transactions in the first half of 2026, 6% fewer than a year earlier, yet total value rose 37% to EUR 147.7 bn. While the study is not energy-specific, Forvis Mazars’ Alberto Martínez lists the energy transition among the long-term trends likely to keep activity going in the second half.

Our deal of the week: TAURON acquired the BME Jawor energy storage project in Poland, with a power capacity of 28.27 MW and an energy capacity of 120 MWh. Commissioning is scheduled for February 2027, highlighting continued investment in storage assets.

And the Ideals-M&A Community team compiled the new deals announced during September in the renewable energy sector in Spain and Portugal – and PV magazine has published the full list.

And as always, connect with me on LinkedIn to stay on top of Europe’s latest moves.

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Weekly summary | From October 16-23, 2026

The tracker logged 10 energy deals across Europe this week, spanning BESS, solar and oil & gas. 

Battery storage and renewable generation remained prominent. TAURON acquired Poland’s BME Jawor energy storage project, while IGNIS completed the sale of a 656 MW renewable project portfolio in Italy to flyRen Energy Group. Foresight also invested in Scotland’s 1.8 GW Earba hydroelectric project.

Grid infrastructure featured in several transactions. A2A agreed to sell its 91.6% stake in gas transmission operator Retragas to Dolomiti Energia, while Italgas agreed to acquire Meet Europe Natural Gas, which holds a 22.5% stake in Portugal’s Floene.

In energy technology, Linkener raised EURm 7.5 in a round led by a fund backed by Alantra and Enagás. Meanwhile, potential transactions remained in focus, as DEA began technical discussions to acquire e-distribuzione’s electricity distribution business in Sanremo, Italy.

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