-- Fortum to sell stake in Norwegian district heating business for EUR 1bn
Finnish energy company Fortum Oyj (HEL:FORTUM) has sealed a deal to offload its 50% interest in Norway-based district heating company Fortum Oslo Varme AS to a consortium of investors for about NOK 10 billion on a cash and debt-free basis.
-- Germany's Avacon, Hansewerk set up green hydrogen JV
German energy companies Avacon AG and HanseWerk AG are planning to form a joint venture to build several hundred megawatts of electrolysis output in addition to the necessary green energy capacity in northern Germany by 2030 to support the industrial transformation in the region.
-- Israeli EV infrastructure firm Chakratec raises USD 30m
Israeli firm Chakratec Ord Shs (TLV:CKRT) said it has raised ILS 96 million to accelerate progress towards becoming a leading global supplier in the market for electric vehicle (EV) charging infrastructure.
-- AGP, Hartree establish US venture with 5-GW solar target
Investment manager AGP Sustainable Real Assets Pte Ltd and energy and commodities trader Hartree Partners LP announced the launch of a New York-based joint venture planning to build 5 GW of utility-scale solar plants across multiple US markets.
-- Cindrigo acquires geothermal co in Central Europe, sets 1-GW target
Renewables developer Cindrigo Holdings Ltd (LON:CINH) has made use of an option to take over Energy Co-invest Global Corp (ECG), a geothermal energy specialist with an initial project portfolio in the Pannonian Basin of Central Europe.
-- Sale of solar assets by Gresham House VCTs to take longer than expected
Two venture capital trusts managed by Gresham House Plc (LON:GHE) announced that the planned sale of their solar assets will take longer than anticipated to wrap up because of certain issues that emerged during due diligence.
-- Japan's Mitsui to invest USD 575m in Mainstream
Japanese trader Mitsui & Co Ltd (TYO:8031) has agreed to invest EUR 575 million in Mainstream Renewable Power to step up the growth of its renewable energy portfolio around the world, including across the Americas, Africa and Asia-Pacific.
-- Sunfire raises EUR 86m to scale electrolysers production
German electrolyser maker Sunfire GmbH has raised an additional EUR 86 million as part of a Series D funding round to scale its manufacturing capacity for hydrogen technology and secured a supply deal for up to 640 MW of electrolysis with one of the new investors.
-- TRIG pockets USD 364m to fund Hornsea One stake purchase
The Renewables Infrastructure Group Ltd (LON:TRIG) has raised GBP 277.3 million gross from its recently unveiled equity issue to support the purchase of a minority stake in the 1.2-GW Hornsea One wind farm in UK waters, among others.
-- Aquila European Renewables buying 100-MWp solar project duo in Spain
London-listed investment firm Aquila European Renewables Income Fund plc (LON:AERS), or AERIF, said it has struck a deal to acquire a 100-MWp portfolio of solar projects being built in Spain’s Andalusia region.