-- Schneider Electric bets on UK renewable energy platform Zeigo
French electrical equipment maker Schneider Electric SE (EPA:SU) has taken over UK-based renewable energy procurement start-up Zeigo, in a push to expand its own portfolio of digital energy and resource management capabilities.
-- Fortum to move 1.3-GW Russian wind portfolio to JV with Bank GPB
Finnish utility Fortum Oyj (HEL:FORTUM) will exit an investment fund it co-owns with Russian nanotechnology company Rusnano and tie up with domestic lender Bank GPB to develop 1.3 GW of wind projects in Russia.
-- ICG to buy majority stake in 200-MW Aussie solar bundle
Australian infrastructure investor Infrastructure Capital Group (ICG) will buy a majority stake in a roughly 200-MW portfolio of Aussie solar plants and projects from domestic developer Providence Asset Group (PAG).
-- Spain's Holaluz buys three PV installers to beef up solar DG biz
Spanish renewable power retailer Holaluz Clidom SA (BME:HLZ) has acquired three domestic firms specialising in PV installations in an effort to strengthen its urban solar distributed generation (DG) business segment.
-- 8minute Solar Energy lands USD 400m in financing to pursue growth
Solar developer 8minute Solar Energy has closed USD 400 million in financing from institutional investor EIG in order to grow its portfolio and advance solar plant design, while building projects on its own balance sheet.
-- Fluence, ReNew Power team up in Indian battery storage JV
Indian renewable energy independent power producers (IPP) ReNew Power (NASDAQ:RNW) and battery storage specialist Fluence Energy Inc (NASDAQ:FLNC) will set up a joint venture (JV) to serve the energy storage market in India.
-- Shell snatches German solar developer Solar-Konzept's Italian arm
Royal Dutch Shell Plc (AMS:RDSA; LON:RDSA) has taken over Solar-Konzept Italia Srl, or SKI, from its German parent company Solar-Konzept International GmbH, in a deal which brings the buyer's solar development pipeline in Italy to around 2 GW.
Austrian energy company Kelag has acquired local solar developer PVI GmbH in a push to expand its photovoltaics capabilities and tap the huge solar power potential at home and in neighbouring countries.
-- Global solar corp funding hits USD 27.8bn record in 2021
Total solar power corporate funding around the world, including venture capital (VC) and private equity (PE), debt and public market financing, jumped by 91% year-on-year to USD 27.8 billion in 2021, shows a new report by Mercom Capital Group.
UK energy group SSE Plc (LON:SSE) has made its first direct foray into solar power by acquiring a 30-MW domestic project under a recently-unveiled GBP-12.5-billion programme to accelerate the energy transition.
-- ContourGlobal unit inks USD-313m sale of Brazilian hydro ops
ContourGlobal Plc (LON:GLO), through its indirect majority-owned subsidiary Kani Lux Holdings Sarl, has struck a deal to offload its Brazilian hydropower business to asset manager Patria Investments for a total of BRL 1.73 billion.
-- India's Apollo Tyres invests in solar firm to secure green power supply
Indian tyre manufacturer Apollo Tyres Ltd (BOM:500877) announced a INR-93-million (USD 1.2m/EUR 1.1m) investment in a subsidiary of Cleantech Solar to ensure green power supply for its largest production facility in Chennai.
-- European fund Marguerite takes control of French biogas group Keon
Pan-European infrastructure fund Marguerite II has taken over a majority stake in French industrial group Keon SA from a pool of funds managed by Generis Capital Partners, Citizen Capital, Supernova Invest and Sigma Gestion, so as to boost its development as a renewable gas producer in France and beyond.
-- Tokyo Gas to buy into Danish wind co in pursuit of 1 GW Nordic target
Tokyo Gas Co Ltd (TYO:9531) plans to develop 1 GW of renewable energy projects in the Nordics by the end of the decade through a new joint venture in Denmark with regional multi-utility company EWII S/I.
-- Ineratec raises EUR 20m to scale up sustainable fuel production
Germany-based Ineratec GmbH has raised EUR 20 million in a Series A financing round to fund the scale-up of its production capacity for sustainable e-kerosene from carbon dioxide and green hydrogen and strengthen its position in the power-to-liquid sector.