Power sector subcontracting giant Quanta Services Inc. said it would acquire privately held renewables EPC firm Blattner Co. to bulk up as a major clean energy builder amid rising demand for wind, solar and energy storage projects as U.S. utilities scramble to meet state and federal deadlines to decarbonize.
Houston-based Quanta announced its intent on Sept. 2 to acquire Blattner for $2.7 billion in stock and cash, a move that will boost the buyer’s presence in growing renewable energy projects that the Minnesota contractor specializes in. Blattner provides “front-end engineering, procurement, project management and construction services to leading renewable energy developers,” said Quanta.