acquisition

Downstream solar firm Conergy Asia has been acquired by two private equity funds, Tennenbaum Capital Partners (TCP) and Goldman Sachs BDC (GSBD).

TerraForm Power has confirmed that its acquisition by Brookfield remains on track.

Indian power firm Hindustan Power has acquired fifteen ready-to-build solar projects in Japan totalling 150MW capacity, with plans to enter Bangladesh by developing four 25MW solar projects at Trishal.

London-headquartered investment firm Foresight Group has acquired the 7.2MW Vale Matanças solar farm in Alcácer do Sal, Portugal, developed by Exus Management Partners.

Kansas City, Missouri-based developer Greenback Renewable Energy has acquired a portfolio of operating residential PV assets worth around US$6 million from an unnamed TerraForm Power subsidiary.

News in Brief: SunPower collaborates with Michigan's largest utility for a residential pilot programme, UOSSM's Syria Solar Initiative completes a 127kWp solar system to provide electricity to hospitals, an Australian aboriginal community starts construction on a solar-diesel hybrid project backed by ARENA and Utah's Legend Solar acquires Aspire Energy.

St. Louis, Missouri-based global energy provider Esco has acquired the renewable energy arm of NRG Systems, located in Vermont, under undisclosed terms.

Amaranto has launched an investment vehicle dedicated to acquiring PV projects in India and has secured exclusive rights to purchase a 110MW solar project in the West of the country for around US$80 million.

International PV developer Sonnedix has acquired a 21.6MW solar portfolio comprising five ground-mount projects in Italy from private equity firm First Reserve.

Global alternative asset manager Brookfield announced Tuesday that it has entered into a definitive agreement with SunEdison yieldco TerraForm Power, under which Brookfield will assume the role of TerraForm Power’s sponsor and also become the controlling shareholder.