mergers and acquisitions

Norwegian energy company Statkraft has acquired Spanish renewables developer Enerfin for an estimated €1.8 billion (US$1.9 billion).

Financing for the solar sector grew 55% in the first nine months of 2023 compared with the equivalent period last year.

French oil giant TotalEnergies has acquired Ombrea, an agrivoltaics developer, for an undisclosed sum.

Solar corporate funding for the first half of 2023 increased by 54% year-on-year to US$18.5 billion, with public market financing dominating the increase.

Renewable energy developers Renantis and Ventient Energy have announced to merge, planning to operate as a combined group next year.

German-headquartered solar developer Enerparc has sold 193MW worth of its Australian solar PV assets to Ingka Group, the owner of furniture retailer IKEA.

Missouri-based solar developer Birch Creek Energy has acquired DC-based greenfield developer Foundations Solar Partners from equity firm Hull Street Energy.

Higher interest rates in the second half of the year slowed down corporate funding in the global solar sector to US$24.1 billion in 2022, according to research from Mercom Capital Group.

Module-level solar electronics supplier Tigo Energy is due to become a publicly listed company after signing an agreement for a business combination with Roth CH Acquisition IV, a US$117 million special purpose acquisition company.

German solar developer Juwi, through its Italian subsidiary Juwi Energie Rinnovabili, has acquired 70% shares in Italian developer GEMdev, consolidating its presence in Italy.