- Press Releases
May 1 (Renewables Now) - Below you can find a list of Renewables Now stories related to merger and acquisition (M&A) and asset purchase/divestiture deals that originated in the week April 23 - April 29:
-- Aussie commercial solar installer AFT attracts investor
Aussie commercial solar installer AFT Corporation Limited (ASX:AFT) announced plans for a partnership with NESI Solar Australia Pty Ltd (NESI) that will allow it to expand into Australia's solar farm sector.
-- Foresight buys 83-MW UK wind portfolio
London-based investment manager Foresight Group LLP announced that it bought an 83-MW wind power portfolio in addition to the five solar assets disclosed last week.
-- Battery storage draws USD 299m of corp funding in Q1 2018
The global battery storage sector has raised a total of USD 299 million in corporate funding in the first quarter of 2018, which marks a near doubling from the prior three months and a 273.8% jump on the year.
-- NTR adds 28-MW wind project to Irish portfolio
Irish green asset manager NTR Plc has acquired a 28-MW wind power project in the West of Ireland from unnamed local private project developers.
-- Hexicon to manufacture floating wind platforms in Korea via new JV
Swedish engineering company Hexicon AB plans to transfer its floating wind platform technology to a new joint venture in South Korea, where it will offer serial production of locally-made units.
-- Aussie energy storage co Redflow to raise USD 14m in equity capital
Australian energy storage firm Redflow Ltd (ASX:RFX) plans to raise AUD 18.1 million in equity capital as it seeks to scale up battery production and increase sales both at home and overseas.
-- Leonardo DiCaprio backs off-grid solar firm Kingo
American actor and environmental activist Leonardo DiCaprio has made an investment of an undisclosed amount in Kingo Energy, a Guatemala-based provider of a pre-paid solar energy service.
-- Ideol to raise EUR 15m, teams up with Macquarie in Japan
French floating foundations developer Ideol said today it has agreed a EUR-15-million capital funding round and unveiled a pact for the development of Japan’s first utility-scale commercial floating offshore wind farm.
-- Van Oord sells 10% in 600-MW offshore wind farm
Dutch offshore contractor Van Oord has sold its 10% stake in the 600-MW Gemini offshore wind farm near the Dutch coast for an undisclosed sum.
-- Elia closes purchase of EUR-989m stake in 50Hertz
Belgian transmission system operator (TSO) Elia System Operator NV (EBR:ELI) has concluded the acquisition of an additional 20% stake in 50Hertz Transmission GmbH and now holds an 80% interest in the company.
-- Enel ups bid for Brazil's Eletropaulo, again
Italy’s Enel SpA (BIT:ENEL) has once again decided to sweeten its bid for Eletropaulo Metropolitana Eletricidade de Sao Paulo SA (BVMF:ELPL3), increasing it to just above a rival offer from a Brazilian unit of Spain’s Iberdrola SA (BME:IBE).
-- E.on initiates takeover offer for Innogy minority stake
German utility E.on SE (ETR:EOAN) today kicked off a voluntary public takeover offer of EUR 38.40 per share targeting the minority stake in Innogy SE (ETR:IGY) not currently held by RWE AG (ETR:RWE).
-- Winning bidder gets licence for Burbo Bank Extension link
UK energy regulator Ofgem said on Thursday it has granted a licence to Diamond Transmission Partners (DTP) to own and operate the GBP-193.9-million offshore transmission link to the Burbo Bank Extension wind farm.
-- Kroma Energia seeks partners for Pernambuco PV projects - report
Brazil's Kroma Energia is looking for partners for the development of up to 150 MW of solar projects in Pernambuco state, the firm's president Rodrigo Pedroso told Reuters.