project sale

The transaction also sets the stage for both companies to enter into a Memorandum of Understanding for future collaboration on the development of renewable energy.

The portfolio consists of three solar projects – with 160MW, 67MW and 40MW of capacity each – located in Central Greece.

Chilean solar developer Verano Energy has sold a 150MWp solar PV project in Argentina to an unnamed company.

Global oil & gas giant Shell has sold a partial ownership stake in two renewable energy projects in the US.

German renewable energy project developer ABO Wind has sold a 100MW solar PV project in South Africa’s North West Province to an unnamed investor.

Utility Enel has signed an agreement with Japanese energy company Inpex Corporation to sell half of its Australian operation for US$446.9 million.

The renewable energy arm of German industrial conglomerate Baywa Group has sold three solar plants in Spain with a total capacity of 115MW to L&G NTR Clean Power Fund, a new vehicle managed by Legal & General Investment Management and asset manager NTR.

Canadian Solar has completed the sale of two PV plants with a combined capacity of 345MWp in the Australian state of New South Wales.

Canadian Solar is selling a 70% interest in two solar plants in Brazil with a combined capacity of 738MWp to SPIC Brasil, a subsidiary of State Power Investment Corporation of China (SPIC).

German conglomerate BayWa benefited from high demand for solar modules during the first quarter of 2022, with its revenues bolstered by the sale of an operational PV plant in the US.