Weekly renewables M&A round-up (Aug 15-19)
Aug 19, 2022 17:14 CESTNovember 10 (Renewables Now) - The North American joint venture (JV) between Falck Renewables SpA (BIT:FKR) and oil-and-gas major Eni SpA (BIT:ENI) has completed the tax equity financing for its 29.6-MW solar plant in Virginia.
Through Novis Renewables Holdings LLC, the partners have closed the USD-44.55-million (EUR 38.48m) tax equity funding on November 2, 2021, Falck said on Tuesday.
The Westmoreland County Solar Project reached commercial operations (COD) on October 22, 2021. It should be able to generate some 50 GWh of clean electricity per year, enough to meet the annual demand of about 4,700 local households.
Novis Renewables acquired the solar asset last November from Savion LLC, a portfolio company of US-based Green Investment Group.
Owned 51/49 by Falck Renewables North America Inc and Eni New Energy US, respectively, Novis currently operates 174 MW of solar and 30 MW of wind capacity, as well as a 6.6-MWh battery system in the US.
(USD 1.0 = EUR 0.864)
Weekly renewables M&A round-up (Aug 15-19)
Aug 19, 2022 17:14 CESTEnel Russia sues Siemens Gamesa for USD 383m - report
Aug 19, 2022 17:13 CESTMaxeon's net loss widens in Q2, accelerates US capacity plans
Aug 19, 2022 15:17 CESTGerman-NZ team to study new catalyst materials for electrolysis
Aug 19, 2022 14:59 CESTSource Energie's floating-wind-to-H2 plans align with Crown Estate map
Aug 19, 2022 14:52 CESTEquinor talks offshore wind, H2 in Vietnam with local oil & gas major
Aug 19, 2022 13:42 CEST