acquisition

Global investment firm Brookfield Asset Management has acquired Singapore-headquartered independent power producer (IPP) Alba Renewables.

Developer rPlus Energies has acquired two solar and storage projects with the total capacity of 900MW in Ada County, Idaho.

US tracker manufacturer FTC Solar has entered into a purchase agreement to acquire the remaining 55% stake in steel manufacturer Alpha Steel.

US solar installer SunPower has continued its expansion in the residential market with the acquisition of Utah-based residential installer Ambia Solar.

New Zealand’s Genesis Energy has announced plans to acquire and develop a 271MWp solar project in Waikato, on the country’s upper North Island. 

Premier Energies has acquired a 51% stake each in transformer maker Transcon and inverter producer KSolare Energy. 

Singapore-based Sembcorp Industries has agreed to acquire ReNew’s 300MW solar power unit in India for around US$246 million.

US solar tracker manufacturer Nextracker has acquired Origami Solar, a steel frame technology-focused company, for approximately US$53 million. 

Indian solar manufacturer Waaree Energies has acquired a 64% equity stake in power transformer manufacturing company Kotsons.

Renewables developer and independent power producer (IPP) TagEnergy has acquired Australian developer ACE Power, adding 6GW of renewable energy and storage projects to its portfolio.