acquisitions

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.

Verbund has acquired a 110MV solar portfolio in Lazio, central Italy, from Ke-Reninvestment, a subsidiary of Turkish investor Kinesis Enerji.

The acquisition of Schletter will allow Dutch-based rooftop PV provider Enstall to increase its footprint in Germany and Central Europe.

Global power platform Nala Renewables has acquired a 34MW PV portfolio in Lithuania from Lithuanian renewable power developer Green Genius.

Fortis Energy has acquired a 180MWac solar project in Serbia, with plans to add a battery energy storage system (BESS) to the facility.