Future Energy M&A Market Monitor 2025
Leading the charge: deal trends and opportunities
The UK’s future energy market is poised for continued growth and innovation.
2024 was a milestone year for clean energy with over half (51%) of the UK’s electricity coming from renewables. Ambitious government targets, the lifting of the de facto onshore wind development ban, and larger projects coming online mean this trend is only set to continue.
Despite the sector experiencing some recent challenges, M&A activity levels are as strong as ever and investor appetite continues to remain high, maintaining a competitive marketplace.
Our second specialist Future Energy M&A Market Monitor report examines key trends in the negotiation of the acquisition or disposal of future energy projects. It shares data-driven insight based on 58 M&A transactions completed over the past two years (1 April 2023 – 31 March 2025) by our Future Energy Corporate team working in England and Scotland.
Representative of broader trends in the burgeoning future energy market – this report highlights the resilience and dynamism of the UK’s clean energy sector.
Market trends
There was a continued appetite for consented or ready-to-build solar projects, battery projects, co-located assets, and onshore wind projects in Scotland and Wales.
Project size is increasing significantly, more projects are transmission-connected, and projects are seeing longer connection dates.
Uncertainties around grid reform have affected M&A activity for standalone greenfield projects but have not materially affected consented or ready-to-build projects.
There is a steady, albeit cautious, appetite for joint venture arrangements, particularly between investors and developers for large-scale portfolios. Joint venture investment in portfolios including greenfield projects continues.
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Insights & events
Climate transition plans - legal opinion on disclosure liabilities for directors and companies
TLT advises UK shareholders of Barry’s in connection with the private equity investment by Princeton Equity Group
TLT advises Innova on sale of Stokeford Solar Farm to global renewable infrastructure managers
