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.
Major global power firm AES Corporation and Canada-based investment manager Alberta Investment Management Corporation (AIMCo) have agreed to acquire utility-scale solar developer sPower from Fir Tree Partners and its minority owners.