Renewables Now presents a list of stories related to recent M&A transactions involving parties such as EDF, Total Eren, Fotowatio and Vestas.
-- French EDF sells stake in Swiss Alpiq to EOS Holding, Primeo Energie
French utility Electricite de France SA (EPA:EDF), or EDF, has agreed to sell its 25.04% interest in Swiss energy service provider Alpiq (SWX:ALPH) to current shareholders EOS Holding and Primeo Energie for CHF 489 million.
-- France’s Total Eren acquires 657 MW-strong NovEnergia
French renewables developer Total Eren SA said it had acquired NovEnergia Holding Company (NHC), a Luxembourg-based independent power producer, absorbing its Southern European portfolio of 657 MW of total net installed capacity.
-- Abdul Latif Jameel hires JPMorgan to sell Fotowatio - report
Saudi Arabia-based company Abdul Latif Jameel Ltd has hired JPMorgan Chase & Co (NYSE:JPM) to shepherd the sale of Spain’s Fotowatio Renewable Ventures BV (FRV), a solar project developer, sources close to the matter told Spanish business newspaper Expansion.
-- GE slapped with EUR-52m fine for incorrect info in LM Wind acquisition
General Electric (NYSE:GE) will have to pay a EUR-52-million fine to the European Commission (EC) for providing incorrect information during the regulator's review of the acquisition of Danish wind turbine blades maker LM Wind Power in 2017.
-- Engie, Tokyo Gas to form 899-MW Mexican renewables JV
Tokyo Gas Co Ltd (TYO:9531) and French utility Engie SA (EPA:ENGI) announced their intention to form a 50/50 joint venture (JV) dedicated to the development, construction and operation of renewable energy plants in Mexico.
-- KKR, Gestamp’s sale of X-Elio imminent as final bidders emerge - report
The sale of Spain’s X-Elio, owned 80/20 by US private equity fund KKR (NYSE:KKR) and Spanish engineering company Gestamp (BME:GEST), has entered the final stage with bidders expected to submit their binding offers on Wednesday, according to a news report by Cinco Dias.
-- AES Tiete strikes deal to buy 743-MW wind complex from Renova plus pipeline
Brazilian energy firm AES Tiete Energia SA announced it has reached a deal with Renova Energia SA (BVMF:RNEW11) to acquire the roughly 743-MW Alto Sertao III wind power complex plus a 1.1-GW wind project pipeline.
-- Sunseap, Chinese partners to create clean energy fund with solar focus
Singapore-based solar power firm Sunseap Group has agreed to establish a Chinese clean energy investment fund in partnership with local private equity firm Guohe Capital and renewables developer Starkle Energy.