French power giant EDF has acquired a 50% stake in the Togo-focused unit of off-grid renewable energy specialist BBOXX, with EDF adding its financial clout to speed up solar home system deployments and its technical expertise to improve the energy storage offering.
EDF Renewables North America has signed off on two Purchase and Sale Agreements (PSA) that will see PGGM Infrastructure Fund acquire a 50% ownership interest in both Glacier’s Edge Wind and Valentine Solar.
Africa’s largest private equity firm has led a round of financing for Off Grid Electric to fuel the microgrid provider’s expansion in the continent, with investors including an arm of General Electric (GE).
UPDATED: Saudi Arabia’s Renewable Energy Project Development Office (REPDO) has shortlisted local firm Acwa Power and a consortium led by Japanese conglomerate Marubeni Corporation to develop 300MW of solar PV in Sakaka, Al Jouf.
Nine of Europe’s industrial power giants and most prominent green bond issuers have clubbed together to put green bonds - mechanisms that are beginning to draw huge traction worldwide - at the heart of their financing strategies.