-- SunPower cuts Q1 loss, looking to sell NA power plant development assets
SunPower Corp (NASDAQ:SPWR) announced a sequential reduction of its first-quarter (Q1) net loss, new forecasts for both the second quarter and full year, and plans to shed its North American power plant development assets.
-- Brazil's Neoenergia seeks arbitration against M&A target Eletropaulo
Neoenergia SA, one of the suitors looking to buy Eletropaulo Metropolitana Eletricidade de Sao Paulo SA (BVMF:ELPL3), has requested arbitration proceedings against the target over a cancelled share offering.
-- Enbridge monetises USD 1.3bn of renewables, incl German offshore wind
Canada-based energy infrastructure company Enbridge Inc (TSE:ENB) said it has agreed to sell 49% of its interests in certain renewable power assets to the Canada Pension Plan Investment Board (CPPIB) for CAD 1.75 billion.
-- SolarEdge posts record Q1 profits, agrees to buy Israeli UPS firm
Photovoltaic (PV) inverters supplier SolarEdge Technologies Inc (NASDAQ:SEDG) posted record first-quarter (Q1) revenues and profitability, and also announced an acquisition in the field of Uninterruptible Power Supply (UPS).
-- Renova, Brookfield fail to close deal on Brazilian wind assets
Brazilian renewables firm Renova Energia SA (BVMF:RNEW11) announced it has ended negotiations with Brookfield Energia Renovavel regarding the potential sale of certain wind assets, without reaching a deal.
-- China's State Grid still looking to buy into 50Hertz - report
IFM Investors Pty Ltd has renewed talks with State Grid Corporation of China in relation to the latter’s plan to buy the Australian infrastructure fund’s remaining 20% stake in 50Hertz Transmission GmbH, Reuters reports.
The executive board and the supervisory board of German renewables-focused utility Innogy SE (ETR:IGY) have both decided not to issue, at this point, any recommendation in relation to the recently launched voluntary public takeover offer by E.on SE (ETR:EOAN).
-- China's CTG bids EUR 9.1bn to take control of Portugal's EDP
Chinese state-owned utility China Three Gorges Corp (CTG) said it has decided to launch a voluntary cash tender offer for the shares it does not own in Portuguese utility Energias de Portugal SA (ELI:EDP).