Canada Pension Plan Investment Board (CPPIB) will acquire a 396MW portfolio of six operational wind and solar power projects in Canada from Florida-headquartered NextEra Energy Partners for US$741 million.
Dealing with module warranties from out of business manufacturers is a standard problem in today’s market, according to representatives from an advisory firm that oversaw one of the largest renewable energy deals to date.
Many mature solar markets are seeing strong investor interest in acquiring operating solar assets. But as the lessons from Italy show, transactions in the secondary PV market come with numerous legal risks attached, necessitating thorough due diligence, write Arturo Sferruzza and Ginevra Biadico of Norton Rose Fulbright
US-based investment fund Global Infrastructure Partners (GIP) and co-investors have acquired Singapore-headquartered Equis Energy, the largest renewable energy IPP in the Asia Pacific region, for US$5 billion along with assumed liabilities of US$1.3 billion.
Indian power firm Hindustan Power has acquired fifteen ready-to-build solar projects in Japan totalling 150MW capacity, with plans to enter Bangladesh by developing four 25MW solar projects at Trishal.
News in Brief: SunPower collaborates with Michigan's largest utility for a residential pilot programme, UOSSM's Syria Solar Initiative completes a 127kWp solar system to provide electricity to hospitals, an Australian aboriginal community starts construction on a solar-diesel hybrid project backed by ARENA and Utah's Legend Solar acquires Aspire Energy.
Amaranto has launched an investment vehicle dedicated to acquiring PV projects in India and has secured exclusive rights to purchase a 110MW solar project in the West of the country for around US$80 million.
Global alternative asset manager Brookfield announced Tuesday that it has entered into a definitive agreement with SunEdison yieldco TerraForm Power, under which Brookfield will assume the role of TerraForm Power’s sponsor and also become the controlling shareholder.