In December 2025, Renewables.digital recorded 16 renewable energy transactions, with a combined capacity of 4,190 MW. By technology: Onshore Wind (8), Solar PV (6), Battery Storage (BESS) (3) and Offshore Wind (2); the most active markets were Germany (3), Australia (2), France (2) and Greece (2). The largest deal by capacity was “ACWA Power enters China with acquisition of over 1.25 GW wind power portfolio” (1,250 MW).
| Date | Transaction | Technology | Capacity | Country | Buyer | Seller |
|---|---|---|---|---|---|---|
| ACWA Power enters China with acquisition of over 1.25 GW wind power portfolio | Onshore Wind | 1,250 MW | China | ACWA Power | – | |
| Ørsted sells 55% stake in 632 MW Greater Changhua 2 offshore wind farm to Cathay | Offshore Wind | 632 MW | Taiwan | Cathay Life Insurance, Cathay Power | Ørsted | |
| TotalEnergies sells 50% stake in 424 MW wind and solar portfolio in Greece for €508 million | Solar PV, Onshore Wind | 424 MW | Greece | Asterion Industrial Partners | TotalEnergies | |
| RWE sells 350 MW F.E.W. Baltic II offshore wind project in Poland to PGE | Offshore Wind | 350 MW | Poland | PGE | RWE Offshore Wind GmbH | |
| Qair acquires Eno Energy’s French subsidiary and 260 MW European wind pipeline | Onshore Wind | 260 MW | France, Germany, Belgium | Qair | Eno Energy |
| # | Company | Deals as buyer | Capacity | Technologies | Countries |
|---|---|---|---|---|---|
| 1 | ACWA Power | 1 | 1,250 MW | Onshore Wind | China |
| 2 | Cathay Life Insurance | 1 | 632 MW | Offshore Wind | Taiwan |
| 3 | Cathay Power | 1 | 632 MW | Offshore Wind | Taiwan |
| 4 | Asterion Industrial Partners | 1 | 424 MW | Onshore Wind, Solar PV | Greece |
| 5 | PGE | 1 | 350 MW | Offshore Wind | Poland |
| 6 | Qair | 1 | 260 MW | Onshore Wind | Belgium, France, Germany |
| 7 | ju:niz Energy | 1 | 250 MW | Battery Storage (BESS) | Germany |
| 8 | Iberdrola | 1 | 242 MW | Onshore Wind | Australia |
| 9 | Altus Power | 1 | 234 MW | Battery Storage (BESS), Solar PV | United States |
| 10 | SEC | 1 | 205 MW | Onshore Wind | Australia |
| # | Company | Deals as seller | Capacity | Technologies | Countries |
|---|---|---|---|---|---|
| 1 | BayWa r.e. | 2 | 90 MW | Floating Solar PV, Solar PV | France, Netherlands |
| 2 | Ørsted | 1 | 632 MW | Offshore Wind | Taiwan |
| 3 | TotalEnergies | 1 | 424 MW | Onshore Wind, Solar PV | Greece |
| 4 | RWE Offshore Wind GmbH | 1 | 350 MW | Offshore Wind | Poland |
| 5 | Eno Energy | 1 | 260 MW | Onshore Wind | Belgium, France, Germany |
| 6 | Pacifico Energy Partners | 1 | 250 MW | Battery Storage (BESS) | Germany |
| 7 | OPTrust | 1 | 242 MW | Onshore Wind | Australia |
| 8 | Partners Group | 1 | 242 MW | Onshore Wind | Australia |
| 9 | Greenbacker Renewable Energy Corporation | 1 | 234 MW | Battery Storage (BESS), Solar PV | United States |
| 10 | OSMI Australia | 1 | 205 MW | Onshore Wind | Australia |
Renewables.digital currently lists 16 renewable energy transactions in December 2025 in December 2025, with a combined capacity of 4,190 MW.
ACWA Power (1), Altus Power (1) and Asterion Industrial Partners (1) (number of deals).
BayWa r.e. (2), Capital Energy (1) and Eno Energy (1) (number of deals).
ACWA Power enters China with acquisition of over 1.25 GW wind power portfolio with 1,250 MW (29 December 2025).
European Energy has divested a 50% stake in the 27 MW Tsoukes Sarres onshore wind park in Greece to Danish pension fund Sampension, supporting capital recycling for new renewable projects.
ACWA Power has agreed to acquire stakes in a portfolio of onshore wind projects in China totaling approximately 1.25 GW, including one operational asset and four projects under construction.
Ørsted has agreed to sell a 55% stake in the 632 MW Greater Changhua 2 offshore wind farm in Taiwan to Cathay Life Insurance and Cathay Power for approximately DKK 5 billion/around €670 million.
Victoria’s State Electricity Commission has acquired 100% of the 205 MW Delburn Wind Farm in Gippsland, marking the state’s first publicly owned utility-scale wind project, with construction starting in 2026.
egg Power, Liberty Global’s clean energy investment platform, has acquired the 70 MW Grange solar farm project in Suffolk from PS Renewables. Construction is set to begin in January 2026, with the project supplying clean power via corporate PPAs to Liberty Global’s UK operations.
Iberdrola has agreed to acquire 100% of the 242 MW Ararat Wind Farm in Victoria, Australia, from Partners Group and OPTrust. The operational wind farm supplies most of its output under long-term PPAs and supports Iberdrola’s €1 billion investment plan in Australia.
RWE has agreed to sell its 350 MW F.E.W. Baltic II offshore wind development project in the Polish Baltic Sea to PGE, with transaction closing expected in Q1 2026.
ju:niz Energy has acquired the project rights for a 250 MW / 612 MWh battery storage system from Pacifico Energy Partners, strengthening its co-development strategy and expanding large-scale storage capacity in Germany.
BayWa r.e. and GroenLeven have sold a 46 MWp floating solar project in Friesland to a local energy cooperative, the municipality of Tytsjerksteradiel and the Friesland Clean Energy Fund. The project will become the largest floating PV plant in the Netherlands.
Altus Power has acquired a 234 MW portfolio of distributed solar and storage assets across 18 U.S. states from Greenbacker. The transaction is among the largest distributed generation deals in the U.S. and expands Altus Power’s footprint to 30 states.
Equitix has acquired a majority stake in the 87 MW El Castillar and Joluga wind farms in Spain from Capital Energy. The assets, located in Castilla-La Mancha and Navarre, include solar PV and battery storage hybridisation projects under development as part of Equitix’s Spanish hybrid renewables platform.
ENCAVIS has acquired the 34 MW Bebensee onshore wind farm in Schleswig-Holstein from PNE. The operational project consists of five Nordex turbines and benefits from a 20-year EEG feed-in tariff, strengthening ENCAVIS’ German wind portfolio.
TotalEnergies has divested a 50% stake in a 424 MW wind and solar portfolio in Greece to Asterion Industrial Partners for €508 million, while retaining operatorship and long-term offtake, in line with its renewable asset rotation strategy.
Qair has acquired Eno Energy’s French subsidiary (EEF SAS) and a 260 MW wind project pipeline across France, Germany and Belgium, strengthening its European wind portfolio and supporting projects expected to reach Ready-to-Build status by 2026.
BayWa r.e. has completed the sale of two French solar projects totaling 44 MWp to Heling enr, combining Agri-PV and land revitalisation, with commissioning planned for 2026.
Downing has acquired two fully consented, ready-to-build solar PV projects in Devon (~15 MWp) and Shropshire (~20 MWp), UK. Both projects benefit from 40-year land leases, 15-year Contracts-for-Difference (CfDs), and are scheduled to commission in 2027. Once operational, the combined ~35 MWp portfolio is expected to power approximately 12,000 homes and offset around 14,600 tonnes of CO₂ annually.
Data as of 7 October 2026. The overview covers the transactions currently listed in the Renewables.digital database; each deal links to its original public source.