acquisition

Inox Solar has entered into an agreement with Chinese technology and manufacturing firm Ningbo Boway Alloy Material to acquire all the equity stakes of its US subsidiary Boviet Solar Technology.

Vikran Engineering has agreed to acquire a 49% equity stake in NOPL Solar Projects Private Limited for INR49 million (US$508,101).

Indian module manufacturer Saatvik Green Energy has acquired an 80% equity stake in Melcon Transformers and Electricals.

BrightNight has acquired a 6GW portfolio of projects previously held under its joint venture with Canadian asset manager Cordelio Power.

Iberdrola is set to acquire a 42MW solar PV plant in Lazio, Italy, taking its total installed renewable capacity in the country to 400MW.

Indian independent power producer (IPP) Inox Clean Energy has acquired the Macquarie-owned Vibrant Energy, which operates a 1,337MW commercial and industrial-focused renewables portfolio across India.

Global investment firm Brookfield Asset Management has acquired Canadian independent power producer (IPP) Boralex for C$9 billion (US$6.5 billion).

Sosteneo has acquired the remaining 50% stake in the 151MW Mineo PV project in Catania, Sicily, from European Energy. 

Speciality insurer Beazley has reached an agreement to acquire US-based climate insurance provider kWh Analytics.

A consortium of companies led by Global Infrastructure Partners (GIP), a subsidiary of global asset owning giant BlackRock, is set to acquire US utility AES Corporation in a US$10.7 billion deal.