The US$1.6 billion sale of major US utility-scale solar developer and operator FTP Power LLC (sPower) to AES Corporation and Canada-based investment manager Alberta Investment Management Corporation (AIMCo) has been completed.
The Indian arm of US-based PV developer and thin-film specialist First Solar has agreed to sell 190MW(AC) out of 200MW(AC) of its operational PV plants in India to a private equity fund represented by Indian firm IDFC Alternatives, according to a First Solar spokesperson.
Austrian O&M provider ENcome has reached the gigawatt threshold for the amount of PV power plants it services worldwide. It also recently entered the Australian market for both O&M and engineering and advisory services.
International PV developer and investor Sonnedix has acquired a 136MW solar portfolio from Centerbridge Partners, in what is claimed to be one of the largest PV transactions in Europe.
Tata Power agreed to buy Welspun Renewable Energy earlier this month for INR92.49 billion (US$1.42 billion). Against the backdrop of fiercely competitive bidding, Mercom Capital Group chief executive and co-founder Raj Prabhu, explains the scene of potential mergers and acquisitions in the Indian solar market.
The renewables subsidiary of India’s Tata Power will acquire Welspun Energy PTA Ltd, the clean energy arm of another major Indian company, Welspun Energy, valuing its target at 92.49 billion rupees (US$1.37 billion).
Equipment manufacturer Foxconn has acquired a 66% stake in Sharp at a reduced price, with the two parties set to hold a press conference this Saturday, 2 April.
