Power & Utilities – Mergers and Acquisitions

The power and utilities sector is undergoing some significant changes, with renewables altering energy demand, and technology potentially changing the way energy is delivered. Given these issues, companies are looking more to M&A to help them thrive in this evolving market.

According to an E&Y survey in 2020, 58% of companies in this sector expected to actively pursue M&A in the next 12 months. While that could involve buying or selling businesses outright, it may also include asset exchanges, asset swaps, the purchase or sale of specific electricity infrastructure, land deals and much more.

Making deals in this regulatory-heavy industry can get complicated, which is why it’s important to work with a firm like Osler, which understands the many M&A-related issues that can arise. We have experience handling all types of transactions in every area of this market, including helping clients sell interests in projects, purchase energy-focused technology firms and develop strategic partnerships with other industry players.

If your company wants to take advantage of many new opportunities in this space you need a team that can help you create the right M&A strategy for your business.

Recent experience

Pattern Energy Group Inc.

Pattern Energy Group Inc. in its agreement for the sale of the company's minority-owned interest in the K2 Wind power facility in Ontario for a purchase price of $216 million to a consortium of investors led by Axium Infrastructure. Pattern intends to use the net proceeds from the sale for general corporate purposes.

Learn more about our work with Pattern Energy Group Inc.
Wind turbines on a hill

Hydro One Limited

Hydro One Limited in its proposed $6.7 billion acquisition of Avista for $6.7 billion. With combined assets totaling $32.2 billion, this transaction would combine two leaders in the regulated utilities domain to serve customers across North America.

Learn more about our work with Hydro One Limited
High Voltage Tower

Drax Group plc

Drax Group plc in its acquisition of Pinnacle Renewable Energy. The acquisition of Pinnacle, a major international producer and supplier of sustainable biomass, positions Drax as the world’s leading sustainable biomass generation and supply business.

Learn more about our work with Drax Group plc
Biomass pellets

Boralex

Roncevaux and Plateau II, in connection with Boralex’s acquisition of Invenergy Renewables’ five wind farms in Québec for approximately $215 million. Each of the projects has secured long-term project financing from syndicates of international financial institutions totaling approximately $550 million.

Learn more about our work in connection with Boralex’s acquisition
wind turbines on dandelion field
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