Europe

Renewable energy fund manager Glennmont Partners has been acquired by global investment manager Nuveen.

Norwegian investment company Aker Horizons has acquired a 75% interest in Mainstream Renewable Power, valuing the solar and wind project developer at €1 billion.

The subsidiary of German solar and wind operator raised €450 million (US$543.2 million) from 50 institutional investors.

In this round-up of project news, Lightsource BP unveils the completion of 260MW of solar in Texas, plans for 203MW in Poland are revealed by Respect Energy and Infrastructure and Energy Alternatives is selected as EPC for a Silicon Ranch asset.

Danish developer raises EBITDA forecast for 2020 and predicts €50 million (US$60.3 million) in pre-tax profits by year-end.

PV developer Solaria has signed a power purchase agreement (PPA) with Shell Energy Europe for six solar plants in Spain that have a combined capacity of 300MW.

Equinor has revealed plans for a new pilot project to explore the potential of developing offshore floating solar plants in rough waters.

COVID-19 has had a minimal impact on Power Purchase Agreement (PPA) offer prices, according to research from LevelTen Energy.

German asset manager Luxcara has signed an investment agreement with Danish solar developer BeGreen for four PV parks.

BayWa r.e. and its Dutch subsidiary GroenLeven have recently energised two floating solar projects in the Netherlands with a combined capacity of 29.2MWp.