Dominion Energy has acquired the 62.5MW (AC) Madison Solar generating facility in Orange County, Virginia from Cypress Creek Renewables for an undisclosed price. The Madison Solar project will be owned by the contracted assets arm of the Virginia-based electricity and gas utility. Having secured all the relevant state and local permits, the solar farm is […]
Apollo Global Management said that certain funds managed by its affiliates (Apollo Funds) have agreed to make an equity investment of $265 million in offshore wind energy development company US Wind, which owns the rights to develop the Maryland offshore wind project. Apollo Funds have also committed to funding the development and construction costs pertaining […]
Global power company AES Corporation said that its fully-owned subsidiary – AES Holdings Brazil (AES Brasil) has signed a deal worth BRL 1.27 billion ($246 million) to acquire an 18.5% stake in AES Tietê from BNDES Participações (BNDESPar). AES Tietê is a Brazilian power utility which has 3.7GW of renewable generation in operation or under […]
NRG Energy acquisition of Direct Energy : US energy company NRG Energy has agreed to acquire Direct Energy, a North American subsidiary of British electric services company Centrica, in an all-cash deal worth $3.62bn. Direct Energy is a retail provider of electricity, natural gas, and energy-related products and services for homes and businesses across all […]
Danish energy company Ørsted has grown its solar footprint by acquiring the Muscle Shoals solar project, a 294MW under construction solar power plant in Colbert County, Alabama, from Longroad Energy at its financial closing. Financial terms of the deal were not revealed. Concurrent to the solar plant acquisition, Ørsted said that it has entered into […]
Greencoat Renewables, an Irish renewable investment company, has acquired a 50% stake in the operating 20.5MW Carrickallen Wind Farm in County Cavan, Ireland from Galetech Group for an undisclosed price. Galetech Group, which is an Irish wind developer, will hold the remaining 50% stake in the Carrickallen wind project, which was commissioned in January 2019. […]
Cordelio Power, a Canadian renewable energy company, has acquired a couple of wind projects under development – the Glacier Sands and Moraine Sands in central Illinois with a combined capacity of more than 350MW. The Glacier Sands and Moraine Sands wind farms have been acquired from Swift Current Energy and are slated to enter into […]
NextEnergy Capital, through its third institutional solar fund NextPower III, has acquired a 27.4MW solar power plant in Odisha, India from IBC SOLAR Energy for an undisclosed price. IBC SOLAR, which is the international project unit of Germany-based IBC SOLAR, built the solar power plant in Odisha and operated it since May 2018. Udo Möhrstedt […]
Siemens Gamesa Renewable Energy has completed the €200m acquisition of the European Service assets and Intellectual Property (IP) of German wind turbine manufacturer Senvion. Through the deal announced in October 2019, the Spanish wind turbine manufacturer adds nearly 9GW of serviced fleet and operations across 13 countries. The transaction is said to mark a major […]
Energy company SEAS-NVE has entered into an agreement with Denmark-based Ørsted to acquire the latter’s domestic power distribution (Radius), residential customer and City Light businesses for a cash consideration of DKK21.3 billion (US$3.2bn). The proceeds from divestiture of businesses will help Ørsted to continue its global investments in green energy. Radius with around one million […]