stake acquisition

UAE state-owned renewables developer Masdar has acquired a 49.99% stake in a 705MW operational renewables portfolio in Spain from oil major Repsol.

Indian solar manufacturer Waaree Energies has acquired a 64% equity stake in power transformer manufacturing company Kotsons.

Spanish solar energy company Soltec has found an investor that will acquire 80% of the company’s shares in a restructuring move.

Affiliated Managers Group has bought a minority stake in Qualitas Energy.

Masdar would acquire a minority stake in Enel Green Power Spain Solar which owns an operational solar PV portfolio of 2GW in Spain.

European Energy has announced a plan to sell 49% of the stake of a 304MW solar plant in Denmark to Japanese conglomerate Mitsui.

Motor Oil Renewable Energy has acquired a majority stake in holding company Unagi S.A. with a 1.9GW solar portfolio.

EDF Renewables North America and German international insurer Munich Re have closed on a transaction for two renewable energy projects in California, the US, first announced 15 months ago.

Solar glass manufacturer Borosil Renewables has acquired a 86% stake in European peer Interfloat Group expanding its customer base in Europe.

Portuguese utility EDP Renewables (EDPR) has completed the acquisition of a 70% stake in German solar developer Kronos Solar Projects.