In December 2025, Renewables.digital recorded 20 renewable energy transactions, with a combined capacity of 6,541 MW. By technology: Onshore Wind (11), Solar PV (9), Battery Storage (BESS) (3) and Offshore Wind (2); the most active markets were Germany (4), Australia (2), France (2) and Greece (2). The largest deal by capacity was “ACCIONA Energía sells US and Mexico wind and solar portfolio to MIP for €855 million” (1,621 MW).
20Transactions
6,541 MWTotal capacity
15Countries
8With PPA
December 2025Period
Key facts
20 transactions in December 2025, 6,541 MW in total (average 327 MW per deal)
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.
Greenvolt Group has agreed to sell a 253.1 MW onshore wind project under construction in Ialomița County, Romania, to ENGIE Romania. The project, one of the largest in the country, includes a 15-year CfD and is expected to be completed in 2027.
16 December 2025 · 260 MW · France, Germany, Belgium
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.
Eurowind Energy has strengthened its European renewable portfolio by acquiring a stake in the Ausumgaard biogas and wind energy park in Denmark and purchasing operating wind assets plus a 370 MW wind and solar development portfolio in Poland from Sabowind.
Visiolar has sold a 95 MWp Ready-to-Build solar project in Brandenburg to Sunovis, a Brookfield Renewable Partners platform. The transaction is one of the few large-scale, construction-ready PV deals in the current German market, with construction planned to start immediately.
15 December 2025 · 1,621 MW · United States, Mexico
ACCIONA Energía has agreed to sell a 49% stake in a 1.3 GW US solar portfolio and 100% of two Mexican wind farms totaling 321 MW to Mexico Infrastructure Partners for €855 million, advancing its global asset rotation strategy.
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 2 October 2026. The overview covers the transactions currently listed in the Renewables.digital database; each deal links to its original public source.