Caisse de dépôt et placement du Québec (CDPQ), a Canadian pension fund company, is acquiring 73 solar power plants in Spain with a total capacity of 216MW from Q-Energy, an investment and renewable energy management company. The financial terms of the deal were not revealed. The acquisition from Q-Energy’s Q-Energy III Fund marks CDPQ’s first […]
John Wood Group (Wood) has bagged a three-year contract worth around $75 million from Equinor to support the latter’s operations at the Mariner oil field in the UK Continental Shelf (UKCS). Under the contract, the British energy services company will be responsible for the operations, maintenance, modifications, and offshore services on the Mariner A platform […]
Statkraft, a Norwegian renewable energy group, is all set to begin construction of its 519MW Ventos de Santa Eugenia wind project in northeastern Brazil in January 2021 with an investment of BRL 2.5 billion ($466 million). The announcement follows the recent closing of a turbine supply contract with Nordex, a German wind turbine manufacturer. The […]
Crédit Agricole Assurances, the insurance business of French banking giant Crédit Agricole, is acquiring the remaining 25% stake it previously did not own in GNB Seguros, a Portuguese non-life insurance company, from Novo Banco. The financial terms of the deal were not disclosed. The deal also includes a 22-year non-life insurance distribution agreement between Novo […]
Skanska, a Swedish construction company, has received an order from Statkraft Energi worth NOK 508 million ($55.44 million) for the modernization of the Gråsjø and Trollheim hydroelectric power plant dams in Norway. Under the contract, Skanska will be responsible for the refurbishment and upgrade of four dams and a flood gate. The dams are used […]
The Asian Development Bank (ADB) has signed a $186 million loan agreement with Phu Yen TTP Joint Stock Company (Phu Yen JSC) for the operating 257MW Hoa Hoi solar power plant in Vietnam’s Phu Yen Province. Phu Yen JSC is a joint venture of Thai power producer B.Grimm Power Public Company and Truong Thanh Viet […]
Danish wind turbine manufacturer Vestas has launched the V155-3.3 MW wind turbine, a low-wind variant suitable for the Indian wind market. India is the fourth-largest wind market in the world, said Vestas. According to the turbine manufacturer, as renewable technology improves in both efficiency and cost, the demand for sustainable energy solutions across the world […]
Hess Corporation has signed an agreement to sell its 28% stake in the Shenzi Field located in the deep-water Gulf of Mexico to the field’s operator BHP Billiton for $505 million. The deal will see BHP Billiton increase its stake in the oil and gas field from 44% to 72%. The only other stakeholder in […]
NEC acquisition of Avaloq : NEC Corporation, a Japanese IT and electronics company, has agreed to acquire Avaloq Group, a Swiss financial software company, for CHF 2.05 billion ($2.27 billion). Avaloq is a provider of digital banking solutions, core banking software, and wealth management technology. The Swiss fintech company is claimed to have more than […]
Morgan Stanley acquisition of E*TRADE : US investment bank Morgan Stanley has closed its previously announced $13 billion acquisition of electronic trading platform E*TRADE Financial. Based in Virginia, E*TRADE and its subsidiaries offer brokerage and banking products and services to traders, investors, stock plan administrators and participants, and registered investment advisers (RIAs). Established in 1982, […]