acquisition

Portuguese utility EDP Renewables (EDPR) has completed the acquisition of a 70% stake in German solar developer Kronos Solar Projects.

Canadian energy company Suncor Energy has reached an agreement to sell its solar and wind assets to Canadian Utilities, an ATCO subsidiary, for C$730 million (US$535 million).

NovaSource Power Services has acquired First Solar’s Australian operations and maintenance (O&M) business, adding approximately 500MW of PV projects to its fleet in the process.

RWE has signed a purchase agreement with Con Edison to acquire all shares of its renewable energy subsidiaries, Con Edison Clean Energy Businesses.

US renewable energy major Brookfield Renewable has agreed to spend up to US$2 billion in order to acquire both Scout Clean Energy and Standard Solar.

Canadian natural gas pipeline giant Enbridge has bought US renewables developer Tri Global Energy (TGE) for US$270 million in cash and assumed debt.

Energy major Shell will acquire Daystar Power, an Africa-based commercial and industrial (C&I) solar provider.

A subsidiary of Indian conglomerate Reliance Industries will invest US$12 million to acquire a 20% stake in Caelux Corporation, a California-based company working on perovskite solar technology.

Spanish solar developer Solarpack has reached an agreement to acquire 100% of the shares of developer Solaer.

Private equity firm KKR and Hero Group have invested US$450 million in Indian independent power producer (IPP) Hero Future Energies (HFE) to support its renewables expansion.