TOP M&A NEWS

➤ Earthstone Energy to snap up NM assets from Titus Oil for $627M

Earthstone Energy Inc. agreed to buy assets in New Mexico from private oil and gas drillers Titus Oil & Gas Production LLC and Titus Oil & Gas Production II LLC for about $627 million.

➤ AltaGas acquires remaining Petrogas stake for C$285M

AltaGas Ltd. is now the sole owner of Petrogas Energy Corp. after buying the 25.97% stake held by a Canadian subsidiary of Idemitsu Kosan Co. Ltd. for total cash considerations of C$285 million.

➤ Onward Energy to buy 1,171-MW solar portfolio from Global Atlantic

Onward Energy agreed to acquire all the cash equity interests in a 1,171-MW operating solar portfolio in the U.S. from insurer Global Atlantic Financial Group Ltd.

Oil and gas deals reached $50.96 billion in value year-to-date through July 6, compared with $80.88 billion in the same period in 2021. Year-to-date utility deals aggregated to $38.59 billion in 2022, compared with $91.63 billion in the 2021 period, according to S&P Global Market Intelligence data.

NORTH AMERICA

* CleanCapital acquires landfill, renewable energy developer BQ Energy

* Vestas sells 183-MW Miss. wind project to AES

EUROPE

* Boralex buys Infinergy's interests in UK

* Enlight to acquire 525-MW solar, wind portfolio in Croatia

* Investor group acquires remaining 20% stake in 402-MW German offshore wind farm

* Helios Nordic Energy to sell 4 solar parks to Nordic Solar

* Eni unit, HitecVision to expand Norwegian renewable energy company Vårgrønn

LATIN AMERICA AND CARIBBEAN

* Actis acquires stake in Latin American renewables company

ASIA-PACIFIC

* First Solar completes sale of Japan solar project development platform to PAG

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This edition covers M&A news in the energy and utilities sector from June 30 through July 7. M&A transaction data in the current month is subject to revision.