acquisitions

Spanish IPP Velto Renewables has acquired a portfolio of 53 operational solar assets in Spain with a combined capacity of 260MW.

Eternal Sun has acquired German solar simulator provider Wavelabs, which has resulted in the formation of a new subsidy, Wavelabs Eternal Sun.

Colombian energy supplier Celsia has acquired a 375MW solar PV portfolio in Colombia from renewables developer Mainstream Renewable Power.

The IPP has a renewables portfolio of 1.9GW solar, wind and energy storage capacity operational or under construction.

The company increased its shareholding from 49% to 65% through an agreed capital increase and assumes the role of majority shareholder.

Indian solar module manufacturer Waaree Energies has entered in a share purchase agreement with Italian renewables company Enel Green Power Development for the acquisition of its Indian subsidiary.

Investment firm EQT has acquired US-based distributed energy company Scale Microgrids for an undisclosed amount.

Freyr has completed the acquisition of Trina Solar’s Texas solar manufacturing assets, first announced in November.

Zelestra has acquired a majority stake in German independent power producer (IPP) East Energy GmbH from CropEnergies.

Chinese PV manufacturer Tongwei has announced plans to obtain a controlling interest in fellow Chinese company Runergy.