majority stake

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

Motor Oil Renewable Energy has acquired a majority stake in holding company Unagi S.A. with a 1.9GW solar portfolio.

Swiss renewables investor Smartenergy has acquired a majority stake in Rewatt, a Portuguese solar developer focused on the rooftop commercial and industrial (C&I) market.

BlackRock took an 80% stake in the new company, Distributed Solar Development, in an undisclosed deal. The new business will design, build, own and operate distributed solar and storage solutions for industrial, commercial and public-service customers.

Sembcorp Industries’ wholly-owned subsidiary Sembcorp Utilities has agreed to acquire IDFC Private Equity Fund III (IDFC)’s remaining stake in Sembcorp Green Infra (SGI), for INR14.1 billion (US$220 million).

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.