mergers and acquisitions

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.

Norwegian energy company Equinor has acquired Danish solar developer BeGreen, strengthening Equinor’s solar PV portfolio and capabilities.

Controlling interest in US developer Mission Clean Energy has been acquired for an undisclosed sum.

Fund manager Global Infrastructure Partners and private equity firm Actis have completed the acquisition of Atlas Renewable Energy by GIP.

US energy software-as-a-service (SaaS) company Enverus has acquired Madrid-headquartered PV software provider RatedPower, broadening its portfolio of solutions in the solar industry.