-- E.on takes majority stake in German smart grid solutions start-up gridX
German energy company E.on SE (ETR:EOAN) has acquired a majority stake in Aachen-based smart grid solutions provider GridX GmbH as part of efforts to expand its portfolio of digital solutions for the transition to green energy.
-- PPC, RWE to finalise 2-GW Greek solar JV in Oct - report
The green energy unit of Green utility PPC SA (ATH:PPC) and German energy major RWE AG (ETR:RWE) are expected to complete their roughly 2-GW solar joint venture (JV) in Greece at the start of next month, Energypress reports.
-- Pacifico agrees purchase of 123-MW British solar portfolio from Boom
Germany-based renewable energy producer Pacifico Renewables Yield AG (ETR:PRY) said it is preparing to enter the UK market by purchasing stakes in 123 MW of solar park projects, in line with its growth strategy.
-- Octopus Energy selling stake to Al Gore-chaired fund
British renewable energy retailer Octopus Energy Group Ltd announced it has agreed to sell a 13% stake to UK-based sustainability-focused fund manager Generation Investment Management LLP, co-founded and chaired by former US vice-president Al Gore.
-- Babcock & Wilcox to buy VODA in Denmark, set up service platform in Europe
Babcock & Wilcox Enterprises Inc (NYSE:BW) is buying Denmark-based waste- and biomass-to-energy aftermarket parts and service provider VODA A/S and forming a platform for its renewable service business in Europe.
-- Solar fuel maker Synhelion buys CSP specialist Heliokon
Swiss solar fuel producer Synhelion SA has acquired German concentrated solar power (CSP) technology company Heliokon GmbH to expand into the neighbouring country and add complementary technologies to its portfolio.
-- UK Downing Renewables plans equity raising to fund acquisitions
Britain's Downing Renewables and Infrastructure Trust Plc (LON:DORE) said it will seek to raise up to GBP 25 million from the sale of new shares to further diversify its portfolio of green energy and infrastructure assets.
-- GIG buys rights for 260-MW offshore wind project in Sweden
Green Investment Group Ltd (GIG), part of Australian investment bank Macquarie Group Ltd (ASX:MQG), said it has acquired the rights for the Kattegatt Offshore Wind project, which is anticipated to install up to 260 MW in Swedish waters.