How do I track which assets my competitors are buying?

By the Enerdatics Research Team. Data from Enerdatics Leap, queried 6 November 2026.

Short answer: Track a competitor's acquisitions by listing every name it buys under, pulling its full deal history, watching public filings and checking for deals that were never announced. Enerdatics records 535 US renewable energy M&A deals since January 2024, and 115 of them are stealth deals that a news alert would not catch. A weekly review of new records for each competitor keeps the picture current.

How Enerdatics solves this

Enerdatics tracks who your competitors advise, buy from, build for, supply and fund. Company profiles pull every deal, project and financing into one view, updated as new records land. When a rival buys a pipeline in your market, Enerdatics shows the seller, the projects and the price, including deals the buyer never announced, so you can adjust your bids and target the next seller first. Enerdatics tracks 535 US renewable energy M&A deals announced since January 2024. Available through CoreData, Stack dashboards, Leap AI and API.

Key takeaways

• Enerdatics records 535 US renewable energy M&A deals announced between January 2024 and 6 November 2026.
• 115 of those deals, about 21 percent, are stealth deals where the parties did not disclose the buyer, seller, price or assets.
• Standard Solar, Altus Power and Aspen Power Partners are the most frequent US buyers since 2024, with 16, 14 and 10 deals.
• Some large buyers acquire through subsidiaries or renamed entities, so tracking only the parent name misses deals.
• Public companies must report material agreements quickly, which makes filings a useful early signal.

This guide is for business development, strategy and investment teams at developers, IPPs and funds who compete with other buyers for the same assets. At the end you will have a repeatable routine that shows what each competitor bought, from whom and at what price.

Step 1: List every name each competitor buys under

Write down the parent company, its funds, its platforms and any former names. Deals are sometimes signed by a subsidiary, so a search on the parent name alone can miss them.

Enerdatics records several examples in the US since 2024. Brookfield bought a residential rooftop solar portfolio from PosiGen through Renewbrook, a Brookfield-backed business. MN8 Energy, formerly Goldman Sachs Renewable Power, agreed to buy Greenbacker Renewable Energy Company for about $1.6 billion. Exus was formerly Exus Renewables.

Step 2: Pull each competitor's full deal history

Collect every deal the competitor has done as a buyer since a fixed start date, then read the pattern. Look at technology, stage, market, deal size and who the sellers were.

Brookfield shows how much a history reveals. Enerdatics records 9 US deals with Brookfield as buyer since January 2024. They include its $7 billion agreement to buy Aypa Power from Blackstone, its $1.73 billion purchase of National Grid Renewables and a 1.5 GW operating solar portfolio from Pine Gate Renewables for $587 million. Taken together, the deals show a buyer willing to take whole platforms as well as single portfolios.

Step 3: Compare each competitor with the wider market

Put your competitors next to the most active buyers overall. A rival that bought six times may look busy until you see others bought sixteen times. The chart below shows the US buyers with six or more deals since 2024.

Deal count and deal value tell different stories. The three most frequent buyers focus on distributed and community solar, where each deal is small. Funds such as Brookfield and Ares Management buy less often but at a much larger scale.

Step 4: Watch public filings

Set up alerts on the filings of listed competitors. The US Securities and Exchange Commission expects a listed company to file a Form 8-K within four business days after it enters a material agreement. A Form 8-K is a current report that public companies use to disclose major events between quarterly reports.

Filings only cover listed companies and only material deals. Private funds and smaller platforms do not file them, so this step works best alongside the next one.

Step 5: Check for deals nobody announced

Search for stealth deals involving your competitors. Enerdatics' data shows 115 stealth deals among the 535 US renewable transactions since 2024, about one in five.

Some stealth deals are fully hidden. Others are announced without key details. KKR's agreement to buy 50 percent of a 703 MW solar portfolio from TotalEnergies was public, but Enerdatics identified the specific assets, which our TotalEnergies and KKR flashnote covers. Energix Renewable Energies bought a 605 MW solar portfolio from Leeward Renewable Energy, and Enerdatics identified the $55 million purchase price although the parties did not disclose it.

Step 6: Review new records every week

Keep one table per competitor and update it on a fixed day each week. Record the deal, the seller, the market, the stage and the price where known, as in the table further down.

Over a few months the table shows each rival's buying pattern. It also shows which sellers keep coming back to market, which helps you reach them first. Our ranking of the largest solar developers in the US is a useful list of likely sellers to watch.

Source: Enerdatics Leap, M&A deals dataset (United States), January 2024 to November 2026.

Disclosed value only counts deals with a public or identified price, so it understates total spending. Joint purchases count once for each named buyer.

Frequently asked questions

How can I see which assets a competitor bought? Pull every deal where the competitor or one of its subsidiaries is the buyer, then add stealth deals and recent filings. Enerdatics links each deal record to its source document so you can check the details.

Why do press alerts miss competitor acquisitions? Some renewable deals are signed by subsidiaries and others are never announced at all. Enerdatics records 115 stealth deals among 535 US transactions since 2024.

How often should I review competitor deal activity? A weekly review is enough for most teams. It catches new deals while the related sellers and projects are still in play.

See every asset your rivals bought since 2024. Ask Leap three free questions, answered from Enerdatics data. No sales call needed.