ENGIE Secures 157 MW of Onshore Wind and Solar Assets
Deal News | Mar 21, 2025 | EIN
ENGIE, a leader in energy transition, has acquired an operational portfolio of onshore wind and solar assets totaling 157 MW from MEAG, the asset management company of Munich Re. The acquisition marks a strategic move to support ENGIE's goal of accelerating the transition towards a carbon-neutral economy. The portfolio comprises four solar photovoltaic installations and three onshore wind farms located in England and Wales, with an additional focus on repowering and co-location opportunities. Norton Rose Fulbright, led by Andrew Davies, advised ENGIE on the transaction, with the deal contingent on UK NSIA clearance. This acquisition highlights the increasing prominence of renewable energy in the M&A landscape globally.
Sectors
- Renewable Energy
- Legal Services
Geography
- United Kingdom – The acquired assets are located in England and Wales, making the UK a key geographical focus of this transaction.
- Germany – The seller, MEAG, is an asset management company of Munich Re, headquartered in Germany, making it relevant to the transaction.
Industry
- Renewable Energy – This sector involves the generation of electricity from renewable sources such as wind and solar, which is central to ENGIE's acquisition strategy.
- Legal Services – Norton Rose Fulbright provided legal advisory services for the transaction, a critical part of M&A activities.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ENGIE | Acquirer | Company | ENGIE is a leading utility company specializing in low-carbon electricity generation and energy solutions. |
| MEAG | Selling Company | Company | MEAG is the asset management arm of Munich Re, a global reinsurer, and is based in Germany. |
| Norton Rose Fulbright | Legal Advisor | Company | Norton Rose Fulbright is an international law firm advising on all legal aspects of the transaction. |
| Andrew Davies | Corporate Energy Partner | Person | Led Norton Rose Fulbright's legal advisory team for the ENGIE transaction. |
| Francesca Walker | Associate | Person | Supported the legal team in the ENGIE transaction. |
| Zainab Hamid | Associate | Person | Supported the legal team in the ENGIE transaction. |