Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTSeptember 22 (Renewables Now) - Shanghai-based Aden Group and two units of Eren Groupe today announced a joint venture that will offer renewable energy and consumption optimisation solutions to the commercial, industrial and government sectors in China.
The joint company, Tera Energies, will take advantage of the network integrated facility management (IFM) company Aden has built in China -- spanning 80 Chinese cities and 1,500 partners, Total Eren’s expertise across wind, solar photovoltaic (PV) and hybrid projects, and Eren Industries’ smart technology solutions.
Tera’s focus will be on the clean-energy and smart-city sectors. The joint venture will help its clients in China optimise energy use and reduce emissions. It will work to digitalise, decentralise and decarbonise their energy supply.
“The energy transition market in China alone is a trillion-dollar opportunity requiring the highest level of technical and operational expertise with deep local knowledge. Tera offers precisely this, and we could not be more excited to help drive clean energy transitions in Asia,” said Joachim Poylo, co-founder and President of Aden.
Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTDuke Energy equips Hawaii university with solar and storage
May 27, 2022 17:17 CESTUS stays atop EY renewables attractiveness index, Spain heads PPA chart
May 27, 2022 16:32 CESTSavannah Energy to develop up to 500 MW of renewables in Chad
May 27, 2022 16:08 CESTCelsia building 260 MW of solar farms in Colombia
May 27, 2022 15:51 CESTAgrana, RWA equip Austrian fruit juice concentrate plant with solar modules
May 27, 2022 15:36 CEST