mergers and acquisitions

MA Solar Italy, a subsidiary of McLaren, acquired FIMER for an undisclosed fee amid challenges for the inverter market.

Masdar acquired 70% of Terna Energy’s outstanding shares at €20 per share, valuing the company at an enterprise value of €3.2 billion.

Leading a consortium of investors via a holding company, Elbe BidCo, KKR acquired 87.41% of outstanding shares in Encavis at €17.50 per share.

At the end of September, total global corporate funding for the sector stood at US$22.3 billion, down from US$28.9 billion at the same point in 2023.

EQT said the acquisition will help OX2 to grow its market position and strengthen its market presence in the long term.

The deal was first announced in March when Masdar said it would buy the 50% stake in Terra-Gen previously owned by Energy Capital Partners.

Aggreko Energy Transition Solutions, a division of power generation equipment supplier Aggreko, has acquired US-based commercial and industrial solar company Infiniti Energy from private equity firm Upper Bay Infrastructure Partners.

Canadian asset manager Brookfield has signed a share purchase agreement with French independent power producer (IPP) Neoen.

Spanish energy utility Iberdrola has taken full ownership of its US subsidiary Avangrid for a total of US$2.551 billion.

The dollar-per-watt metric has traditionally formed the basis of PV module purchasing, but this formula can lead to costly mistakes.