Silicon Module Super League (SMSL) member Canadian Solar has partnered Amsterdam-headquartered Photon Energy NV to co-develop five utility-scale solar power projects, with a total capacity of 1.14GW in New South Wales, Australia.
Global investment management organisation Canada Pension Plan Investment Board (CPPIB) has acquired a 6.3% stake in Indian renewables developer ReNew Power Ventures from the Asian Development Bank (ADB) for US$144 million.
Fund manager Global Infrastructure Partners (GIP) and its co-investors have closed on their previously announced acquisition of 100% of the equity interest in renewable energy developer Equis Energy, in what is the largest renewable energy generation deal in history.
The US$1.6 billion sale of major US utility-scale solar developer and operator FTP Power LLC (sPower) to AES Corporation and Canada-based investment manager Alberta Investment Management Corporation (AIMCo) has been completed.
The Indian arm of US-based PV developer and thin-film specialist First Solar has agreed to sell 190MW(AC) out of 200MW(AC) of its operational PV plants in India to a private equity fund represented by Indian firm IDFC Alternatives, according to a First Solar spokesperson.
Austrian O&M provider ENcome has reached the gigawatt threshold for the amount of PV power plants it services worldwide. It also recently entered the Australian market for both O&M and engineering and advisory services.
Indian energy firm Tata Power has completed its acquisition of Welspun Renewables Energy Private Limited (WREPL) and appointed Chetan Tolia as chief executive and executive director of WREPL, according to a Tata statement.
Tata Power agreed to buy Welspun Renewable Energy earlier this month for INR92.49 billion (US$1.42 billion). Against the backdrop of fiercely competitive bidding, Mercom Capital Group chief executive and co-founder Raj Prabhu, explains the scene of potential mergers and acquisitions in the Indian solar market.