Altus Power, a preeminent developer, owner, and operator of commercial-scale solar facilities, has garnered significant attention with its recent acquisition of Project Hyperion, which encompasses 121 MW of solar power projects situated in North and South Carolina.
The acquisition was made possible through funding advised by Basalt Infrastructure Partners and Soltage, further solidifying Altus Power’s position in the renewable energy industry.
Meanwhile, Emeren, another key player in the solar energy sector, has also been making strategic moves with its acquisition of an 86 MW utility-scale solar power project portfolio in Spain from Negratin Global Services. This impressive project portfolio comprises 13 utility-scale solar projects, all of which are in the ready-to-build stage and are expected to commence construction in the latter part of 2024.
Additionally, European Energy has successfully divested three renewable energy projects in Germany and the UK, with a combined capacity of over 100 MW. This includes the Bubney Solar Farm in the UK, boasting a capacity of 40.4 MW, as well as the Bloosballich Wind Park in Germany, which has a capacity of 12.6 MW. The company also divested an undisclosed wind power project in Germany, accounting for the remaining capacity.
Not to be outdone, Dominion recently sold the 37.83 MW Valdecarretas solar photovoltaic project in Spain to Renewables Japan Corporation. Operating since its commissioning last July, the Valdecarretas photovoltaic park is located in Zamora, Spain.
In a groundbreaking move within the public sector, SJVN, a joint venture between the Government of India and the state of Himachal Pradesh, has secured a ₹100 billion Construction Financing Facility to support its upcoming renewable power projects. This financing, raised in collaboration with Deutsche Bank, State Bank of India, Punjab National Bank, Bank of India, and Mitsubishi and United Financial of Japan Financial Group (MUFG) Bank, marks a significant milestone for the company.
Furthermore, GreenYellow, a prominent decentralized solar photovoltaic production company, has announced its acquisition of three portfolios of operational solar assets from Demeter Investment Managers, totalling 20 MW in France. These assets include the Eifficentre portfolio of energy efficiency projects in partnership with Eiffage, as well as the solar power plants Vanilla Solar and Lavanda Solar.
The recent developments in the solar energy sector are a clear indication of the continued growth and investment in renewable energy projects worldwide. With major players expanding their portfolios and making strategic acquisitions, the future of solar power looks brighter than ever. Stay tuned for more updates on funding and M&A transactions in the solar, energy storage, and smart grid sectors.
+ There are no comments
Add yours