Author
Sebastian Montoya
Sebastian Montoya
We’ve reached December, but dealmakers aren’t taking time off just yet. We’ve seen notable deals in solar and wind, as well as a collapsed merger.
Top stories include:
- Prime Capital acquires Project Jupiter from WBS Power, paving the path for 500 MW hyperscale data-centre integration.
- Low Carbon secures £1.1 bn capital package led by CVC DIF.
- HICL and TRIG abandon proposed £5.3 bn merger after investor pushback.
If you’d like to keep following these stories as they evolve, feel free to connect with me on LinkedIn.
Deals breakdown
Battery storage
- Poland | Investor acquires 52 MW standalone BESS project from PV Construction, marking continued scale-up of the country’s storage market amid rising IPP demand; JLL advised the seller on the transaction
- United Kingdom | HICL and TRIG abandon proposed £5.3 bn merger after investor pushback, halting plan to form UK’s largest listed infrastructure fund despite scale synergies across 2.3 GW renewables portfolio
Multiple
- Germany | Natural Power acquires renerco plan consult from BayWa r.e., expanding European consultancy footprint and deepening presence across key renewable markets following recent Italy entry
- United Kingdom | Low Carbon secures £1.1 bn capital package led by CVC DIF, granting investor majority control and accelerating buildout of multi-GW pan-European renewables pipeline toward next-generation IPP growth
Solar
- United Kingdom | Capital Dynamics acquires 121 MW Clump and Yanel solar portfolio from BayWa, expanding consented pipeline as seller posts 235 MW of 2025 approvals and advances large-scale storage strategy
- United Kingdom | Downing acquires two RTB solar projects totaling 35 MWp in Devon and Shropshire, strengthening CfD-backed buildout as firm advances scaled solar portfolio strategy for 2027 delivery
Solar + BESS
- Germany | Prime Capital acquires 500 MW / 2 GWh Project Jupiter from WBS Power, backing nation’s largest planned co-located PV-plus-storage scheme and paving path for 500 MW hyperscale data-centre integration
- United Kingdom | Ethical Power sells 49.9 MW co-located Burcot Energy Park to Chint Solar, marking England’s first grey-belt-designated solar project and advancing 2027 delivery of PV-plus-BESS development
Wind
- Finland | Enefit Green sells 72 MW Tolpanvaara wind farm for €83 m to TD Greystone and Rabbalshede Kraft, exiting non-core market as parent Eesti Energia refocuses growth on Baltics and Poland
- Finland | Fortum acquires ABO Energy’s 4.4 GW onshore wind development portfolio for up to €65 m, bolstering Nordic pipeline to ~8 GW as utility positions for future industrial-driven power demand growth
- France | Encavis acquires 41 MW Vallée de Joie wind farm under construction from Enertrag, expanding French portfolio to 250 MW and reinforcing long-standing partnership ahead of 2026 grid connection
- Germany | European Energy sells majority stake in 21 MW onshore wind portfolio to Alterric, extending long-standing partnership while recycling capital into new renewables and hybrid projects across Europe
- Ireland | Ørsted–ESB JV wins rights to develop 900 MW Tonn Nua offshore wind farm in ORESS 2, securing 20-year CfD and advancing early-stage pathway toward 2031 FID and mid-2030s delivery
- Romania | OX2 acquires three onshore wind projects totaling 235 MW from Future Power, lifting national portfolio beyond 1.1 GW and reinforcing expansion strategy in one of Europe’s fastest-growing renewable markets
- Spain | ACCIONA Energía in talks to sell 550 MW Galicia wind portfolio for ~€700 m to Recursos de Galicia, advancing multibillion-euro asset-rotation strategy and further deleveraging trajectory
- Spain | Opdenergy buys 440 MW portfolio of 13 wind farms from ACCIONA Energía for €530 m, advancing asset-rotation strategy and unlocking hybrid PV development linked to 351 MWp pipeline
