Back to Teaser

Energy M&A: TotalEnergies makes its move in a three-market push

Energy Europe 7 min read
Author
Sebastian Montoya

Hello,

It’s always interesting to see how the market responds to demand, both from society and from business needs. And once again, tackling storage challenges (from curtailment to production swings) is proving to be one of the top priorities.

  1. Storage keeps pushing beyond UK borders, where these deals have traditionally been most active. This week, a JV stirred Germany’s BESS market. The deal is led by VPI and Noveria and involves more than 700 GW.
  2. Major players keep rotating assets and doubling down on integrated power. TotalEnergies (TTE) made moves in three countries, while it seems keen to retain operational control and commercial rights, the deals also point to a strategy to recycle CAPEX and reduce risks.
  3. Scale and new platforms also dominated. Among the highlights, ABO Energy is exploring an IPP pivot across a 30 GW pipeline. Chint Solar’s entry into the UK and OMV Petrom’s steps in Bulgaria also stood out.

There’s a lot happening as always. Connect with me on LinkedIn to stay close to what’s next across the sector.



Italy’s energy industry M&A outlook

From platform buys to project pipelines, we’ll break down what’s moving in Italian energy M&A. 

Join our webinar on October 9 for trends, opportunities, and risks.


Deals breakdown

DealIndustryCountryBuyer/InvestorSeller/Counterparty
01

GoldenPeaks Capital signs MoU with Huawei to deploy grid-forming BESS

Battery storage

Poland; Hungary; CEE

GoldenPeaks Capital ↔ Huawei

02

Green Hedge sells 100 MW / up to 4h BESS in Brandenburg to Econergy

Battery storage

Germany

Econergy International

Green Hedge

03

Stadtwerke Duisburg Energiehandel partners with terralayr to commercialize BESS

Battery storage

Germany

Stadtwerke Duisburg Energiehandel ↔ terralayr

04

VPI and Noveria form JV to deploy 700 MW BESS (5 projects)

Battery storage

Germany

VPI ↔ Noveria Energy

05

Greenvolt sells 112 MW / 448 MWh Kozienice BESS (RTB) to DRI

Battery storage

Poland

DRI

Greenvolt

06

Varco Energy acquires 100 MW West Yorkshire BESS (Bradford West 2)

Battery storage

United Kingdom

Varco Energy

[Undisclosed]

07

TotalEnergies sells 50% of Polska Grupa Biogazowa to HitecVision (JV)

Bio-fuels

Poland

HitecVision

TotalEnergies

08

OXCCU raises £20.75m Series B to accelerate e-SAF

Bio-fuels

United Kingdom

IAG; Safran; Orlen VC (entre outros)

OXCCU

09

TotalEnergies farms down 45% of Bifrost CCS to CarbonVault

CCS

Denmark

CarbonVault

TotalEnergies

10

TotalEnergies sells 50% of €265m, 270 MW FR wind/solar portfolio to Eiffel funds

Multiple

France

Eiffel Investment Group funds

TotalEnergies

11

ABO Energy explores investor-backed expansion into IPP model

Multiple

Germany

Investors TBD

ABO Energy

12

OpusFlow secures €3.8m growth funding to scale installer platform

Multiple

Netherlands

Move Energy; Rise PropTech; Peak

OpusFlow

13

Statkraft sells Statkraft Varme to Patrizia SE & Nordic Infrastructure AG

Multiple

Norway

Patrizia SE; Nordic Infrastructure AG

Statkraft

14

Hungary’s MVM lifts stakes to 60% in two Serbian energy contractors

Multiple

Serbia

MVM Group

Energotehnika

15

FlowGen launches €32m growth funding round for green microgrids

Multiple

Switzerland

[TBD]

FlowGen

16

Chint Solar enters UK via ‘Voltison’ JV with Voltis (~5 GW multi-tech)

Multiple

United Kingdom

Chint Solar ↔ Voltis

17

OMV Petrom acquires 50% of 400 MW Gabare PV from Enery

Solar

Bulgaria

OMV Petrom

Enery

18

L&G NTR Clean Power Fund buys 105 MW Ballydonagh PV from RES

Solar

Ireland

L&G NTR Clean Power Fund

RES

19

Iberdrola acquires 9.6 MW authorised PV in Molise from Altea Green Power

Solar

Italy

Iberdrola

Altea Green Power

20

L’Energètica advances acquisition of 4 PV parks in Catalonia

Solar

Spain

L’Energètica

[TBD]

21

Masdar acquires 49.99% of €368m, 446 MW operating PV from Endesa unit

Solar

Spain

Masdar

Endesa (subsidiary)

22

Tradebe & Greening Group launch ‘Greening Relive’ PV recycling plant (Granada)

Solar

Spain

Tradebe Environmental Services ↔ Greening Group

23

WATTS.green acquires 11.5 MW Tigny-Noyelle wind farm (Hauts-de-France)

Wind

France

WATTS.green

Envinergy

24

Illwerke vkw plans wind acquisitions in Germany; 400 MWh battery in AT

Wind

Germany

Illwerke vkw

[TBD]

25

Encavis acquires 48 MW Schierenberg wind from ABO Energy (1/5)

Wind

Germany

Encavis

ABO Energy

26

SachsenEnergie acquires 18 MW repowered Würselen wind from Energiekontor

Wind

Germany

SachsenEnergie

Energiekontor

27

Fortescue takes full control of Nabrawind (wind technology)

Wind

Spain

Fortescue

Nabrawind

28

Setec invests with Offshore Solutions Group in Moray FLOW-Park (floating wind logistics)

Wind

United Kingdom

Setec

Offshore Solutions Group


Stay in the loop on M&A rumors and news Subscribe to M&A Teaser