portfolio acquisition

US utility Duke Energy has completed the sale of its utility-scale renewables arm to renewables asset owner Brookfield Renewable.

Renewables asset owner Brookfield Renewable is planning to commission at least 18GW of clean energy projects in the next three years.

Swedish state-owned utility Vattenfall has acquired German solar developer Solizer and its PV portfolio of 4GW of projects in Germany.

Global renewables investor Actis has agreed to sell 100% of African independent power producer (IPP) BTE Renewables to French utility giant Engie and investment firm Meridiam for US$1 billion.

Canadian renewables firm Westbridge Renewable Energy has entered into definitive agreements with Greek developer Mytilineos’ subsidiary, Metka, to purchase a portfolio of five projects in Canada.

The acquisition included 72 solar projects, of them 90% being community solar projects, and six battery storage projects.

Greek utility Public Power Corporation S.A (PPC) has signed a deal to purchase the entirety of Enel Group’s Romanian equity and assets.

Spanish PV developer Enerside has entered into a joint venture (JV) with Alternative Green Energy Italy Holco 2 (AGE) to support 2.6GW of solar PV projects in Italy.

Energy utility American Electric Power (AEP) has agreed to a sale of its 1.3GW unregulated renewables portfolio for approximately US$1.5 billion including project debt, with a view to investing in its regulated wires and generation business.

Spanish oil major Repsol has acquired renewables energy investment platform Asterion Energies from European infrastructure fund Asterion Industrial for €560 million, plus up to €20 million in contingent payments.