-- Masdar, Mitrabara JV to target Indonesia’s C&I solar market
Abu Dhabi’s renewable energy company Masdar and Indonesian energy group PT Mitrabara Adiperdana Tbk have set up a joint venture that will focus on commercial & industrial (C&I) renewable energy projects in Indonesia.
-- Solar Philippines’ SPNEC looking to develop 10 GW
Solar Philippines Nueva Ecija Corporation (PSE:SPNEC), the recently listed subsidiary of solar developer Solar Philippines, shared plans for asset-for-share swaps with its parent to enable SPNEC to develop 10 GW of solar projects.
-- Greenbacker Capital invests in solar project developer Noria Energy
Sustainable infrastructure investor Greenbacker Capital Management LLC has set foot in the floating solar photovoltaic (PV) market by making an equity investment in California-based solar developer Noria Energy.
-- A2A to get 352 MW more solar, wind under deal with Ardian
Italian utility A2A SpA (BIT:A2A) has struck binding deals to buy 352 MW of wind and solar power capacity in Spain and Italy from Paris-based investment house Ardian for a combined equity value of EUR 452 million.
-- Masdar, W Solar set up JV to develop 8-GW-plus renewables pipeline
Abu Dhabi’s renewable energy company Masdar and solar investment company W Solar Investment have set up a joint venture to develop renewable energy projects with a focus on Africa and the region of the Commonwealth of Independent States.
-- OEG buys Manor Renewable Energy in boost to offshore wind ops
UK equipment and services firm OEG Offshore Ltd has significantly expanded its offering to the global offshore wind industry with the acquisition of domestic engineering and fleet provider Manor Renewable Energy (MRE).
-- Downing Renewables expands Swedish hydro portfolio with two deals
Downing Renewables and Infrastructure Trust Plc (LON:DORE) is spending around EUR 25 million to acquire two operational hydropower portfolios in Sweden, increasing to 157 GWh its annual average production in the Nordic country.
-- Engie, Credit Agricole get EU nod to buy Spain's Eolia Renovables
The European Commission (EC) announced it has unconditionally approved the joint acquisition of Spanish solar and wind developer Eolia Renovables by French utility Engie's (EPA:ENGI) Spanish arm and lender Credit Agricole's (EPA:ACA) unit Predica.
-- Brookfield Renewable to triple US pipeline with USD-650m Urban Grid buy
Brookfield Renewable (NYSE:BEP, BEPC; TSX:BEP.UN), the renewables arm of Canada's Brookfield Asset Management (NYSE:BAM), has acquired US solar-plus-storage developer Urban Grid for USD 650 million, thus increasing threefold to 31 GW its pipeline of US projects.
-- Global corp funding for battery storage surges to USD 17bn n 2021
Battery storage companies across the world have secured USD 17 billion in total corporate funding last year, registering a 159% surge in annual terms, according to a new report by Mercom Capital Group.
-- Russia's Unigreen buys stake in 48-MW wind project in Kazakhstan
Moscow-based vertically integrated renewables company Unigreen Energy announced it has made its debut in the wind generation market with an acquisition of a 70% stake in a 48-MW wind power project in Kazakhstan.
-- HydrogenPro eyes electrolyser production JV with L&T in India
HydrogenPro AS (OSE:HYPRO) has signed a memorandum of understanding (MoU) with Indian engineering conglomerate Larsen & Toubro (NSE:LT) to explore the potential formation of a joint venture that would make green hydrogen electrolysers in India.
-- Novonix plans USD-25m investment in battery cells maker Kore Power
Australian advanced battery materials company Novonix Ltd (ASX:NVX) announced a letter of intent with US battery cell technology developer Kore Power Inc that envisages an equity investment and is expected to beef up the battery supply chain in North America for both electric vehicles (EVs) and energy storage systems.
-- UK fund JLEN Environmental eyes new projects after GBP 61m equity raising
JLEN Environmental Assets Group Ltd (LON:JLEN) has closed an oversubscribed share issuance, securing GBP 60.7 million to repay debt and to fund a pipeline of potential environmental infrastructure projects to support the energy transition.