Saudi Arabian developer ACWA Power has set its sights on an accelerated growth trajectory after China’s Silk Road Fund completed the purchase of a minority stake in the firm’s renewables arm.
ABB has completed the strategic divestment of its inverter business to Italy-based FIMER, but insisted it is not yet done with solar PV.
Group managing £1.135 trillion says it was drawn by Spain’s ‘supportive regulatory regime’ as it spent €120m to help refinance Q-Energy’s operational portfolio.
Water Island Capital urges its fellow Pattern shareholders to turn down acquisition offer by Canadian pension plan CPPIB, amid claims it ‘undervalues’ the owner of 4.4GW of solar and wind.
EU executive finds no competition concerns around €4.1 billion deal that will see Mitsubishi take 80% stake in Eneco and subsidiary Chubu hold remaining 20%.
Firm was in talks last year with private equity and strategic suitors but has now opted to divest its Tempress business to a newly-created Dutch entity, naming a new group CEO in the process.
Deal to sell 74% stake to Mumbai-based financial services group Edelweiss will pave way for ‘partnership’ where Engie will continue running solar assets on buyer’s behalf.
SunPower has appointed a new chief financial officer to the leadership team of its planned manufacturing spin-off, Maxeon Solar Technologies.
Norwegian state-owned energy giant Equinor has increased its stake in international solar developer, Scatec Solar.
Milan-based F2i inks deal to fully buy Madrid-based developer from financial owner Cerberus, unlocking access to a 1GW solar pipeline in bustling Southern European market.
Oil and gas major BP has increased its stake in international solar developer Lightsource BP in a bid to accelerate the firm’s growth.
The transaction is awaiting regulatory approval and will see Mitsubishi take 80% stake in company with Chubu holding the remaining 20%.
The five separate PV and wind vehicles being sold are spread across Italy, UK, Spain, Bulgaria and Romania.
Buyer now able to tap into three additional off-grid markets via new acquisition, unveiled five months after Mobisol’s preliminary insolvency filings.
The US$182 million Adani deal is part of an ongoing effort by Essel Group to shrink its debt.