Author
Sebastian Montoya
Sebastian Montoya
Your AI’s appetite is becoming a driver of strategic M&A value growth in energy. From 2024 to the first half of 2026, global deal value in Energy and Natural Resources M&A grew 29%, alongside a 9% increase in deal count.
These numbers follow the rising power demand for data centres, which soared by 17% in 2025, well above the 3% growth in global electricity demand.
You saw a clear sign of this traction in Teaser Energy Europe. In H1 2026, we covered 320 deals in our European curation, with Solar dominating the list, followed by Wind and BESS. The latter was especially notable for its integration angle, with hybrid projects including storage outpacing several other sectors.
Dealmakers’ appetite continued at the start of H2. You can check this week’s deals in our Deals Tracker. The highlights were:
- Drax moved forward with its all-cash acquisition of Bluefield Solar Income Fund Limited (BSIF), after publishing and sending the transaction’s scheme document to shareholders. The document outlines a planned completion date of 31 July, subject to shareholder approval, the fulfilment of the deal conditions and court sanction.
- Royal Vopak completed the acquisition of a 79% controlling stake in Green Energy Storage (GES) and took the final investment decision to develop a 200 MW / 800 MWh battery storage system in Oosterhout, the Netherlands, in a transaction involving around €230 million.
- China Three Gorges Corp. is in talks to acquire from NEAG Norddeutsche Energie AG a portfolio of operational onshore wind farms in Germany, according to Bloomberg. The assets have 312 MW of installed capacity and an estimated enterprise value of around €300 million or more.
Want more insight? Connect with me on LinkedIn to stay on top of Europe’s latest moves.
Deals breakdown
Solar
- Spain | Equitix has agreed to sell its minority stake in the Enersol solar portfolio in Spain to Velto Renewables, a pan-European IPP backed by La Caisse. Enersol comprises nine operational solar photovoltaic assets in Andalucía, with a combined installed capacity of 45 MWp, while the deal brings Velto’s operating portfolio in Spain to around 500 MW.
- UK | Bluefield Solar Income Fund has published the scheme document for its recommended all-cash acquisition by Drax Smart Generation Holdco, a wholly owned subsidiary of Drax Group. The £561m deal is expected to add BSIF’s c.0.9 GW UK renewables portfolio and development pipeline, including solar, wind and battery storage assets, to Drax’s renewable generation business.
- Italy | SoFiGraf Group has acquired Helios 55, a 55 MW agrivoltaic project in Foggia, through its new renewable energy platform GV Energy. The project involves total investment of around €50m and is expected to start production in the second half of 2027, bringing GV Energy’s installed and advanced-development portfolio to around 110 MW.
Wind
- Denmark/Europe | Ørsted has completed the divestment of its European onshore business to Copenhagen Infrastructure Partners (CIP), following the agreement announced in February. The €1.44bn deal covers 578 MW of operational assets, 248 MW under construction and a development pipeline across Ireland, the UK, Germany and Spain, spanning onshore wind, solar and battery storage.
- Germany | Skyborn Renewables has acquired all remaining shares in the 111 MW Nordergründe offshore wind farm in the German North Sea, taking full ownership of the asset. Nordergründe has been operational since 2017 and comprises 18 turbines, generating enough renewable electricity to power around 90,000 households.
- Germany | China Three Gorges is reportedly in talks to acquire a 312 MW German onshore wind portfolio from NEAG Norddeutsche Energie. The operational assets are said to have an enterprise value of around €300m or more.
- Sweeden | Cloudberry Clean Energy has agreed to acquire Orrön Energy’s Nordic renewables assets, excluding one Swedish wind farm, in a transformative onshore wind transaction. The portfolio represents 758 GWh of annual proportionate production, with an agreed enterprise value of €234.6m, and will nearly double Cloudberry’s annual production to around 2.1 TWh.
- Belgium | Sumitomo Corporation is selling its equity stakes in three Belgian offshore wind projects, Northwind, Nobelwind and Northwester 2, as part of its strategic asset rotation plan. The sales of its stakes in Nobelwind and Northwester 2 to JERA Nex bp have been completed, while the sale of its Northwind stake to Belgian consortium Publiwind is expected to close during fiscal year 2026, subject to approvals.
- Poland | Actis has agreed to acquire Klara Renewables, a 171 MW operating onshore wind portfolio in Poland, from CVC DIF, marking its entry into the Polish market. The acquisition will serve as the seed asset for a new renewable energy platform targeting up to 1.5 GW across onshore wind, solar PV and battery energy storage.
- Poland | Unimot has acquired a 34.2 MW wind project in Poland through a newly established renewables unit. The transaction supports the Polish fuel distributor’s plan to build its position as an independent power producer in the renewable energy market.
Solar + Wind
- Italy | PLT holding has signed an agreement to acquire 60% of Unoenergy, one of Italy’s leading privately owned operators in electricity, gas and energy efficiency services. The deal will combine PLT Energia’s renewables generation platform, expected to reach 592 MW of installed wind and solar capacity by the end of 2026, with Unoenergy’s retail base of around 600,000 customers and more than 300 points of sale.
- Spain | Greening shareholders have backed the company’s takeover bid for Energy Solar Tech, including the capital increase associated with the transaction. The deal would add operating renewable energy assets with recurring cash generation capacity to Greening’s platform, supporting its plan to become an integrated energy player in Spain and Italy.
Solar+Wind
- France/Europe | APG has increased its stake in renewable energy platform Kallista Energy through the acquisition of an additional 38% interest, together with Pensionskasse Stadt Zürich. The deal marks Ardian’s exit from Kallista, which develops and operates onshore wind and solar assets in France, Germany and the Netherlands, and is expanding into battery energy storage.
- UK | Econergy Renewable Energy has agreed to invest €165m in its UK-based subsidiary, Econergy International, increasing its ownership to 79.26% from 77.11%. The transaction strengthens Econergy’s exposure to the UK renewables market, across solar, onshore wind and energy storage.
Battery storage
- Netherlands | Vopak has completed the acquisition of a majority stake in Green Energy Storage (GES) and reached FID on a 200 MW / 800 MWh battery energy storage project in Oosterhout. The Dutch company’s total investment in the acquisition and the project amounts to around €230m.
- Germany | Eku Energy has acquired the 400 MW / 1,600 MWh Dion battery energy storage project in Lower Saxony, marking its entry into the German market. The project, originally developed by NION, is in advanced development and is expected to be commissioned by the end of 2029.
- Poland | Engie Zielona Energia has agreed to acquire a 250 MW / 1,000 MWh battery energy storage project in Poland from R.Power. The ready-to-build project, located in Tursko Wielkie, is scheduled to start construction in early 2027 and will be connected to the Połaniec power station to support grid stability and renewable energy integration.
- Germany | Green Flexibility has agreed to acquire a 750 MW / 3 GWh battery storage portfolio in Germany from developer Kajoni. Kajoni will continue developing the projects to ready-to-build status, while Green Flexibility will provide development capital before taking responsibility for construction, operation and commercialisation.
Biogas
- Italy | CH4T has acquired a biomethane project in Lanciano, Abruzzo, from Iron R.E., further expanding its Italian biomethane platform. The project has a production capacity of 499 Smc/h and adds to CH4T’s growing portfolio of upgraded biogas and biomethane assets.
- Poland | Neo Bio Energy has acquired two biogas plants in Poland, adding a 2 MW facility in Kutno and a 1 MW facility in Leżajsk. The transaction expands NBE’s bioenergy portfolio and strengthens its position in Poland’s renewable gas and biogas market.
Geothermal
- Germany | Herrenknecht Vertical and regional energy utility Badenova are planning to establish a joint venture to develop geothermal heating projects, starting with the planned geothermal development in Hartheim, southwest Germany.
- France | RGREEN INVEST has invested €52.4m in GEOGREEN, the holding company of Pierre Brossollet, founder and CEO of geothermal energy company Arverne Group. The investment will support Arverne’s growth plans in the French geothermal sector.
