As an AI language model with a knowledge cutoff in September 2021, I can provide you with some information on M&A transactions in the alternative energy sector up until that time. However, please note that I may not have the most up-to-date information on recent developments or transactions that have occurred after my knowledge cutoff. It’s always a good idea to consult reliable sources or news outlets for the latest information. Here are a few notable M&A transactions in the alternative energy sector that have taken place in recent years:
SunPower Corporation and Total SA: In 2011, French energy giant Total SA acquired a majority stake in SunPower Corporation, a leading solar energy company based in the United States. This transaction allowed Total SA to expand its presence in the solar energy market.
Tesla and SolarCity: In 2016, electric vehicle manufacturer Tesla announced its plan to acquire SolarCity, a solar energy services company. The acquisition aimed to create an integrated sustainable energy company, combining Tesla’s expertise in electric vehicles and battery storage with SolarCity’s solar energy systems.
Brookfield Asset Management and TerraForm Power: In 2017, Brookfield Asset Management, a global alternative asset management company, acquired a controlling stake in TerraForm Power, a renewable power company. This transaction helped expand Brookfield’s renewable energy portfolio.
Siemens Gamesa Renewable Energy and Siemens Wind Power: In 2017, Siemens Wind Power, the wind power division of Siemens AG, merged with Gamesa Corporación Tecnológica, a Spanish wind turbine manufacturer, to form Siemens Gamesa Renewable Energy. This merger created one of the world’s largest wind turbine manufacturers.
Ørsted and Lincoln Clean Energy: In 2018, Ørsted, a Danish renewable energy company, acquired Lincoln Clean Energy, a leading developer of onshore wind projects in the United States. This acquisition enabled Ørsted to expand its presence in the U.S. renewable energy market.
Please note that there have been numerous M&A transactions in the alternative energy sector, and the examples mentioned above are just a few notable ones. It’s always recommended to conduct further research or consult reliable sources for more comprehensive and up-to-date information on M&A activity in this sector.