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Norwegian state-owned energy company, Statkraft, has announced a revised strategy for its renewable energy projects. The company plans to scale back growth targets for solar, wind, and battery storage, while seeking divestments in its district heating, electric vehicle (EV), and biofuels businesses. Statkraft will focus on core domestic hydropower and market operations, with major capacity upgrade projects planned in Norway by 2030. The company also aims to provide green market solutions to clients and develop industrial hydrogen. These decisions have been made due to decreasing energy prices, increased technology and capital costs, delayed market regulations and support policies, and geopolitical uncertainty. Statkraft will seek external investors for its biofuels company, Silva Green Fuel, and EV charging business, Mer. The company has earmarked over $2.8 billion for renewable investments in 2024. [Extracted from the article]

London-listed SDCL Energy Efficiency Income Trust (SEEIT) is considering acquiring smaller investment trusts to reduce its share price discount. SEEIT's net asset value decreased by 10.9% due to an increase in the unlevered average discount rate, caused by high interest rates, inflation, geopolitical instability, and high energy costs. The company posted a loss of £56 million ($70.9m) for the year but saw an 8% return on its portfolio, valued at £1.117 billion. SEEIT has already sold UU Solar and is exploring additional asset sales, as well as implementing measures to improve investor confidence and reduce short-term borrowing. [Extracted from the article]

Glentra Capital, a Danish company, has acquired DVP Solar Worldwide, a developer based in Seville, Spain, from Everwood Capital. DVP Solar has over 3GW of utility-scale solar and battery projects under development in Europe and Latin America. Glentra plans to support DVP in expanding its business and capabilities in construction and operations across Europe. This acquisition is part of Glentra Fund I's strategy to invest in greenfield renewables, and it marks Everwood Capital's first divestment. [Extracted from the article]

DRI, a renewable energy company and subsidiary of Ukrainian energy group DTEK, has acquired the Vacaresti solar project in Romania. The project, with a capacity of 126MW, has already secured land, grid connection, and permits. Construction is set to begin in autumn 2024 and be completed by autumn 2025. Once operational, the solar park is expected to produce 205.8GWh per year, powering 50,000 homes and avoiding 48,600 tonnes of CO2. This acquisition adds to DRI's existing renewables portfolio in Romania, which includes the Glodeni solar farm and Ruginoasa wind farm. DRI aims to reach 1GW of renewable energy in Romania and a 5GW renewable portfolio in Europe by 2030. [Extracted from the article]

Ireland's DCC Energy is set to acquire Wirsol Roof Solutions, a German provider of PV and battery storage systems, as part of its entry into the German solar market. Wirsol has a strong track record, having implemented over 16,000 solar systems with a total output of 1,500MWp, resulting in significant CO2 savings. The deal is expected to be finalized in late summer 2024, pending regulatory approvals. DCC has been expanding its energy management services network in Europe, with recent acquisitions in Austria, Norway, the UK, and France. [Extracted from the article]

Redeux Energy Partners has announced the sale of a 450MWdc solar portfolio to Pine Gate Renewables. The portfolio consists of three projects located in the MISO South energy market. The financial details of the transaction have not been disclosed. This sale is part of Redeux's larger 1.7GWdc portfolio, which was brought to market in late 2023. Pine Gate Renewables plans to use these assets to expand their MISO pipeline. In April 2024, Pine Gate closed a $650 million investment round to support the financing of an additional 3GW of renewable energy infrastructure by 2025. Redeux is currently seeking investors for a corporate-level equity capital raise, with the proceeds going towards bringing more renewable energy portfolios to market. The company has a project pipeline totaling approximately 7GW of solar and 7GWh of storage capacity across multiple energy markets. [Extracted from the article]

Atlas Renewable Energy has requested a $55 million loan from IDB Invest for its Shangri-La solar project in Colombia. The loan will support the construction of the $160 million project, its transmission line, and other associated infrastructure. The Shangri-La project, located in the department of Tolima, has an installed capacity of 160MW and will generate 403.7GWh of output per year. The project is contracted under a power purchase agreement with a leading Colombian energy distribution company and is set to come online by the end of 2025. This is Atlas Renewable Energy's first solar asset in Colombia. The loan is expected to be approved by IDB Invest's board of directors on July 17, 2024. [Extracted from the article]

WEC Energy is acquiring a 90% stake in Invenergy's Maple Flats solar project in Illinois. The deal, originally for an 80% stake, is expected to close in the summer before the project begins commercial operations in August 2024. Invenergy will also provide administrative services to Maple Flats as part of the agreement. WEC Energy previously acquired an 80% stake in the Samson I solar project from Invenergy in 2023 and agreed to acquire a 90% ownership interest in the Delilah I Solar Energy Center in Texas in April 2024. Invenergy is a company that develops and operates renewable energy facilities globally, while WEC Energy serves customers in Wisconsin, Illinois, Michigan, and Minnesota. [Extracted from the article]

Vinci Concessions subsidiary SunMind has agreed to acquire Swedish renewable company Helios Nordic Energy for €73 million. The deal was the result of a competitive auction and is expected to close next month after regulatory approvals. As part of the deal, Vinci will also pay the sellers a proportion of Helios' revenues over the next 5 years, which could amount to NOK 3 billion. Helios was founded in 2019 and has sold 1GWp of solar projects to date. Through this acquisition, SunMind aims to enhance its solar industry expertise and complement its existing operations. [Extracted from the article]

RWE Clean Energy, a global renewables company, has acquired a 599MW solar and battery storage portfolio from Galehead Development. The portfolio includes a solar project with an energy storage asset in Idaho, a standalone battery energy storage system in Oregon, and a solar PV project in New York. The financial details of the transaction were not disclosed. Galehead has also signed an agreement with electric vehicle manufacturer Rivian Automotive to develop solar projects for Rivian's EV facilities. RWE currently has 36GW of renewable energy projects in its US development pipeline and aims to grow its global renewables portfolio to over 19GW by 2030. [Extracted from the article]

The Federal Energy Regulatory Commission (FERC) has issued a regional transmission policy ruling, Order #1920, which aims to accelerate the interconnection of new renewable energy projects. The ruling requires transmission owners to create and update 20-year plans that address long-term interconnection needs, with updates occurring every 5 years. The rule expands the state's role in the transmission process and ensures that consumers only pay for projects that benefit them. The ruling was developed over a period of 2 years and involved input from various stakeholders. However, one FERC Commissioner opposed the ruling, claiming it was a pretext for transferring wealth to special interests. Last year, FERC also passed Order #2023, which changed the commission's generation interconnection procedures. The new ruling will take effect in July 2024. [Extracted from the article]

Chinese firms, including LONGi and Shanghai Electric Group, have withdrawn from a public tender for a solar PV park in Romania due to investigations by the EU Commission into foreign subsidies. The Commission announced an in-depth probe into suspected subsidies granted to the bidders, which may have provided an unfair advantage. The companies have now pulled out of the tender, and the Commission has closed its investigation. The EU's foreign subsidies regulation requires companies to notify EU authorities of public procurement tenders when the contract value exceeds €250 million and when the company has received at least €4 million in foreign financial contributions from a third country in the previous three years. [Extracted from the article]

India has surpassed Japan to become the world's third-largest solar power generator, contributing 5.9% to global growth. This achievement is attributed to rapid advancements in the solar sector. India's power demand increased by 5.4% in 2023, with wind and solar generation meeting 30% of the country's demand increase. However, coal still plays a significant role in meeting India's energy demand, with coal generation experiencing the largest absolute increase. India plans to triple its renewable capacity by 2030, but significant financing will be required to achieve this goal. [Extracted from the article]

Alternus Clean Energy, a utility-scale independent power producer, is set to acquire over 80MW of operating solar projects in the US from C2 Energy Capital for $60 million. The portfolio consists of 33 projects across 8 states, all of which have offtake agreements with 16 counterparties, including Duke Energy, with an average remaining term of 12 years each. Alternus will finance the acquisition with $15 million and by assuming and restructuring project debt. In addition, Alternus recently entered a joint venture partnership with Acadia Energy to develop 200MW of microgrid projects in New York State, with Alternus holding a 51% majority stake. The company is also currently searching for a new CFO. [Extracted from the article]

Danish renewable developer Ørsted is selling its onshore wind and solar business, Ostwind France, to Engie, which means Ørsted will be exiting the French market. The sale is expected to be completed in the second quarter of 2024 and includes Ostwind International, Ostwind Engineering, and their subsidiaries. Ørsted acquired Ostwind France in September 2022 but will retain control of the German business. This move aligns with Ørsted's updated business plan, which focuses on onshore wind and solar industries in the UK, Ireland, Germany, and Spain. Ørsted has also recently withdrawn from offshore wind markets and sold its stakes in a wind portfolio in the US. [Extracted from the article]

Chilean energy group Copec has acquired a 123MW solar project called Granja Solar from Solarpack's subsidiary Maria Elena for $91 million. The project, located in the Tarapacá region, includes a substation and a transmission line. Copec aims to distribute and commercialize more renewable energy than fossil fuels by 2050. This acquisition is part of their efforts to achieve this goal. [Extracted from the article]

BW Solar has agreed to sell 12 community solar projects in New York to Catalyze, a solar and battery storage developer. The portfolio includes projects in both the notice-to-proceed stage and early-stage development, totaling 76.7MW. The first projects are expected to begin commercial operation in 2024 and 2025. Financial details of the transaction were not disclosed. BW Solar is a developer of various solar and storage projects, with a pipeline of 3.8GW across North America. Catalyze, backed by private equity fund managers EnCap Investments and Actis, is involved in the development, ownership, operation, and investment of renewable assets. [Extracted from the article]

Japanese construction and development company, Taisei Corp, has invested in a 25% equity stake in Rizal Green Energy Corp, a subsidiary of PetroGreen Energy Corp in the Philippines. The investment will fund the development, construction, and operation of four solar projects with a total capacity of 112.6MWdc. This marks Taisei's first equity investment in renewable energy outside of Japan, and the partners are considering future collaborations in hydropower, floating solar, energy storage, and other renewable energy projects. [Extracted from the article]

Brazilian energy and sugar company Raízen has agreed to sell a portfolio of distributed solar assets to Elis Energia, a developer backed by Pátria Investimentos. The sale includes 31 projects with a total installed capacity of 115.4MW, and the transaction is valued at R$700 million. Raízen's decision to sell these assets aligns with their portfolio recycling strategy and will contribute to debt reduction. The sale is still pending regulatory approvals, including from Brazilian regulator Cade. Raízen, owned by Shell and Cosan, is involved in the production of ethanol, biogas, bioproducts, sugar, fuel distribution, and e-mobility. [Extracted from the article]

Madison Energy Infrastructure has acquired the commercial assets, solar development pipeline, and development team of Sun Tribe Solar. Sun Tribe Solar, known for its work in the K-12 solar market in Virginia, has helped 94 schools in 21 counties deploy clean, affordable power over the past 7 years. The acquisition includes Sun Tribe's current commercial projects, future commercial pipeline, and the onboarding of Sun Tribe's commercial development team. Madison has a portfolio of more than 500MW of solar, storage, and EV projects across 25 states. Sun Tribe will now focus on utility- and community-scale solar markets in the Appalachia, Mid-Atlantic, and Southeast regions. [Extracted from the article]

Frankfurt-based company Clearvise has announced its acquisition of a 16.1MWp ground-mounted solar project in Italy. The project, located in Sardinia, is in an advanced stage of development and is expected to be ready for construction in the first quarter of 2025. This acquisition is part of Clearvise's clearPARTNERS agreement, which grants them exclusive rights to purchase five projects with a total capacity of approximately 125MWp. Clearvise's CEO, Petra Leue-Bahns, stated that Italy, along with Germany and France, will be the company's main markets. The clearPARTNERS model allows Clearvise to collaborate with small and medium-sized developers to pursue renewable energy opportunities. [Extracted from the article]

Nexamp, a community solar developer, has secured a $520 million investment led by Manulife Investment Management to fund its 2GW project pipeline in the US. Previous equity investors Diamond Generating Corporation and Generate Capital also participated in the capital raise. Nexamp aims to collaborate with communities across the nation to build a more sustainable future. The company has a 1.5GW portfolio of generating and in-construction projects and plans to expand its influence in the Midwest. [Extracted from the article]

Renewable Power Capital (RPC), backed by CPP Investments, has partnered with Finnish company Aurinkokarhu to develop up to 1GW of solar PV projects in Finland. This collaboration will add solar power to RPC's existing portfolio of onshore wind and battery storage projects in the Nordic market. The joint venture aims to have the first utility-scale projects ready for construction by 2026, with commissioning starting in 2028. Aurinkokarhu, founded in 2022, is a solar PV developer with a 900MW development pipeline and a commitment to installing 1000MW of solar capacity by 2027. [Extracted from the article]

Canadian Solar subsidiary Recurrent Energy has acquired the 420MWp Rey solar portfolio in Spain. The portfolio consists of four projects under construction, each with a capacity of up to 120MW. The projects will use Canadian Solar's TopBiHiKu7 N-type bifacial TOPCon technology modules. The Rey portfolio is expected to produce 916,000MWh per year, powering over 275,000 homes and reducing CO2 emissions by 184,000 tonnes. Recurrent Energy has a global development pipeline of 26GW in solar and 55GWh in storage, and plans to start construction of over 1GW of solar projects in Spain this year. BlackRock has also invested $500 million in Recurrent Energy. [Extracted from the article]

Excelsior Energy Capital, a renewable energy infrastructure investor, has announced the sale of a 38-asset solar and storage portfolio to BlackRock's Evergreen Infrastructure Partners Fund. The portfolio consists of operational solar and battery storage projects with a total capacity of 89MWdc. The financial details of the transaction have not been disclosed. Excelsior focuses on middle-market investments in wind, solar, and battery storage plants across North America, while BlackRock's fund targets infrastructure investments in Europe and North America. [Extracted from the article]

Brazilian utility Cemig has signed a power purchase agreement (PPA) with wholesale company Mart Minas to supply 20MW of solar power to over 80 stores in Minas Gerais and Rio de Janeiro. The electricity will come from the Jusante project, a 70MW solar asset developed by Cemig GT. This partnership will allow Mart Minas to reduce costs, invest in self-production, and ensure energy self-sufficiency. Cemig operates a renewable portfolio of over 5.7GW in Brazil, including hydro, solar, and wind capacity, and has contracted with other companies in the free market. [Extracted from the article]

RIC Energy has sold a 20MW solar photovoltaic portfolio to Brookfield-owned Luminace. The portfolio consists of three assets located in upstate New York. The total investment for the facilities is expected to be over $50 million. RIC Energy is a major developer in the upstate area with over 600MW of photovoltaic and storage capacity. Luminace, on the other hand, is one of the largest distributed energy developers in North America, managing approximately 1,400MW of operating distributed energy resources across multiple states and territories. [Extracted from the article]

Enfinity Global has secured a €25 million financing deal for a portfolio of 134MW solar PV plants in Lazio, Italy. The 7-year assetco financing was facilitated by Sienna Investment Managers' Private Credit arm. The funds were channeled through Sienna IM's flagship fund Predirec ENR 2, managed by Sienna AM France. The deal is tied to a portfolio of 4 utility-scale solar PV assets that are under construction and set to be operational from Q2 2024. The combined annual output of these assets has already been contracted out to Statkraft under a 10-year PPA. Enfinity has previously secured financing for other solar projects in Italy. Sienna IM is part of Groupe Bruxelles Lambert (GBL), a publicly traded investment holding company. [Extracted from the article]

Soltech Energy Solutions, a subsidiary of Soltech Energy, has decided to cancel the search for buyers of its solar PV portfolio in Sweden. The portfolio now has a total capacity exceeding 2GW, doubling in size since the company announced plans for its disposal in July 2023. The company believes that continuing to develop the portfolio will generate significant value, as a large part of it is subject to future development without the need for increased financing. While some mature projects are nearing construction and suitable for selective divestment, they currently make up only a small part of the portfolio. Soltech Energy focuses on the development and operation of solar parks with co-located battery storage for third-party owners. They are currently constructing several projects, including a charging station and battery park in Malmö and an own-use solar park near Halmstad. Last year, they partnered with Norwegian investor Solgrid on a separate 300MW PV portfolio in southern Sweden. [Extracted from the article]

Alternus Clean Energy, a transatlantic developer, has sold two solar projects in the Netherlands totaling 25.4MW to Theia Investments. The projects include an 11.8MW solar project in Rilland and a 13.6MW solar farm at Rotterdam Airport. Both projects have long-term government contracts and are capable of supplying electricity to thousands of households. These sales are part of Alternus' strategy to optimize its balance sheet and pursue other opportunities. The company also recently sold solar portfolios in Poland and Italy. Alternus has additional projects under construction and development in the US and Europe. [Extracted from the article]

Greenalia Power US Advanced II, a subsidiary of Spain-based renewables developer Greenalia, has secured $200 million in credit facilities from Nomura Securities to support its US solar and wind project pipeline. The company entered the US market in 2021 and is currently developing a 3GW portfolio of solar, wind, and battery projects. Greenalia has also signed virtual power purchase agreements with JTEKT North America and Aisin Corp for its solar projects in Texas, which will offset the companies' CO2 emissions. The project includes battery storage and is expected to cost Greenalia $450 million. [Extracted from the article]

Good Energy, a UK-based energy company, is set to acquire JPS Renewable Energy, a specialist in solar and storage installations, in a deal worth up to £13.75 million ($17.36m). The acquisition includes JPS subsidiary Trust Solar Wholesale, a distribution business for solar energy, battery systems, electric vehicle chargers, and inverters. The initial consideration for the acquisition is £7 million, with an additional consideration of up to £6.75 million payable in cash over a 2-year period. Good Energy's move is part of its strategy to expand its installation footprint in the south of the UK and support decarbonization processes. [Extracted from the article]

Vast Renewables has secured approximately $26 million in funding for a solar methanol plant in Australia, in partnership with Mabanaft. The plant, known as SM1, has received grant funding from the Australia Renewable Energy Agency (ARENA) and the German government. The project aims to produce green methanol using Vast's CSP v3.0 technology, which can potentially reduce production costs by up to 40%. SM1 aims to be a catalyst for a solar methanol industry in Australia and has attracted interest from major buyers, with the potential to export the fuel to Germany and other global markets. [Extracted from the article]

Inspired Evolution, an Africa-focused investment manager, has acquired a minority stake in Equator Energy, a commercial and industrial solar provider in East Africa. Equator Energy operates the largest C&I solar power portfolio in East Africa, with operations in Kenya, Uganda, Zimbabwe, Somalia, Gambia, and South Sudan. The majority holding consortium of Equator Energy is formed by IBL Energy and STOA, who acquired a majority stake in the company in 2023. Equator Energy aims to reach 300MW of solar power by 2030. [Extracted from the article]

Pan-African group AXIAN has acquired solar assets in Madagascar and Burkina Faso from its strategic partner GreenYellow. In Madagascar, AXIAN is acquiring the minority shares of GreenYellow in their joint ventures, including a 40MW solar project with 4MW battery storage and 4 hybrid power plants with a combined capacity of 6MW. In Burkina Faso, AXIAN is acquiring a 95% stake in a 30MW power plant. These acquisitions will improve access to electricity for over 600,000 and 100,000 people respectively, and support AXIAN's goal of developing 500MW of renewable energy in Africa. GreenYellow is divesting these assets to rebalance its geographical exposure and focus on development in Europe. AXIAN aims to make a positive impact and contribute to the socio-economic development of Africa through accessible and sustainable energy solutions. [Extracted from the article]

Altus Power has completed the acquisition of 84MW commercial-scale solar arrays from Vitol for approximately $118 million. The portfolio includes long-term contracts for community solar, school district, and other enterprise projects in New York, New Jersey, and Maine. Altus used cash on hand for the transaction and plans to expand its funding facility with Blackstone for long-term financing. Altus has also secured a $100 million credit facility from Goldman Sachs Asset Management and CPPIB Credit Investments III. Altus operates solar generation, energy storage, and charging infrastructure across 25 states in the US. [Extracted from the article]

Downing has acquired a residential solar portfolio in England and Wales for £26 million ($33m) from Foresight. The portfolio consists of 4,200 solar PV residential installations, with the majority located in the Midlands, Wales, and the southwest of England. The remaining installations are in the north and southeast of England. The portfolio is expected to generate 23.6GWh of electricity per year. Downing's internal infrastructure asset management team will oversee the operation and maintenance of the assets. Downing has made over 180 investments in renewable energy and currently manages around £850 million of assets. [Extracted from the article]

Greenwood Sustainable Infrastructure (GSI) and Ocean Man First Nation are partnering to build a 100MW solar project in Saskatchewan, Canada. The project, called Iyuhána Solar, will cost approximately C$200 million and will supply power to SaskPower for 25 years. This solar facility will produce enough power for around 25,000 homes and is part of Saskatchewan's plan to increase its clean power supply. GSI is a subsidiary of Libra Group and has developed 388MWdc across 71 renewable energy projects. Ocean Man First Nation is a Nakota, Cree, and Saulteaux Band Government and created a renewable energy company called Second Wind Power in 2019. [Extracted from the article]

Trilantic Europe, a European private equity firm, has agreed to purchase a 60% stake in Aerocompact Group, an Austrian solar mounting solutions provider. Aerocompact, founded in 2014, specializes in developing, manufacturing, and distributing PV mounting solutions and has installations in over 60 countries. The financial details of the deal are confidential, but Aerocompact exceeded €100 million in revenue last year. The acquisition will provide Aerocompact with a solid capital structure to support its growth plan, including international expansion. Trilantic's involvement will also enable Aerocompact to pursue potential acquisitions and expand its market presence. [Extracted from the article]

Deriva Energy, formerly Duke Energy Renewables, has acquired the 140MW Spanish Peaks Solar project site in Las Animas County, Colorado from JUWI. JUWI will handle the engineering, procurement, and construction of the solar project, while Deriva will procure the modules. The project is expected to be operational in Q4 2024 and will provide energy to the Tri-State Generation and Transmission Association through a 19-year power purchase agreement. With the addition of Spanish Peaks, Deriva's owned and operated portfolio in Colorado will reach 388MW. Deriva emerged from the closing of Duke's unregulated utility-scale commercial renewables business to Brookfield Renewable in October 2023. [Extracted from the article]

Neosun Energy has entered the South African market to focus on commercial and industrial solar and energy storage projects. They will primarily target small and medium enterprises in industries such as commercial offices, manufacturing, mining, pharmaceuticals, shopping malls, and warehousing. Neosun's move comes at a critical time when businesses are facing energy access issues and off-grid areas in Africa lack energy access. The company aims to provide solar PV stations and energy storage solutions to mitigate business losses and promote a sustainable energy future in the region. [Extracted from the article]

GoldenPeaks Capital, a European renewables developer and operator, has signed a 10-year power purchase agreement (PPA) in Poland. The agreement, the seventh of its kind for GoldenPeaks Capital in Poland, will supply 24 GWh of green power per year to help decarbonize the operations of the Boryszew Group. The electricity will be generated by newly built solar power plants in Poland with a total capacity of 21MW. GoldenPeaks Capital is also planning to develop a pipeline of 1GW of solar projects in Poland this year. [Extracted from the article]

Elkem, a Nordic silicon-based material supplier, is set to acquire REC Solar Norway from Reliance Industries' subsidiary REC Solar for $22 million. REC Solar Norway manufactures kerf-based polysilicon and had a turnover of approximately $106 million in 2022. The acquisition will include REC's industrial sites and facilities in Norway, including areas in the Fiskaa Technology Park in Kristiansand and the Herøya Industrial Park in Porsgrunn. The transaction is expected to close in April 2024, pending necessary approvals. The transfer does not include the technology and intellectual property rights related to kerf-based polysilicon. [Extracted from the article]

Andel and Better Energy, two Danish companies, have formed a partnership to develop a solar portfolio in Denmark. The partnership aims to build 15 solar parks with a total capacity of 2GWp between 2024 and 2028. Each company will own 50% of the portfolio and sell the output separately. Better Energy will be responsible for the design, build, and operation of the facilities, and the partners also plan to develop energy storage within the portfolio. Four parks with a total capacity of 750MWp are ready for construction, with commissioning planned for 2024 or 2025. The partnership will add more projects to the portfolio as permits are secured. Andel and Better Energy are committed to expanding renewable energy in Denmark and contributing to the country's goal of reaching 10TWh of renewable energy production by 2035. [Extracted from the article]

US renewables developer Emeren Group has acquired an 86MWp solar project portfolio in central Spain from Negratin Global Services. The deal includes 13 ready-to-build projects ranging from 6-14MW. Construction is set to begin in 2024, with completion expected in early 2025. The facilities will generate 166GWh per year, enough to power 51,380 households, and Emeren plans to develop battery energy storage systems at the project sites to reduce CO2 emissions. Emeren currently has a portfolio of over 300MW of solar and 100MWh of storage in Spain, with plans for over 4GW in the coming years. [Extracted from the article]

Singapore-based Keppel Infrastructure Trust (KIT) and UK-based Equitix have formed a joint venture to acquire a 90% stake in Enpal's leasing asset portfolio in Germany for €218 million ($238m). The portfolio includes over 60,000 residential PV systems, more than 55,000 battery storage systems, and over 30,000 electric vehicle charging equipment. Enpal will continue to monitor and maintain the assets, which are leased to households on 20-year contracts. The acquisition will be completed in four phases, with the first closing expected by the end of 2023. This investment marks KIT's first foray into the solar energy sector and expands its exposure to renewables. [Extracted from the article]

The Taaleri SolarWind III fund has reached its second closing, with total commitments of €430 million. The fund, managed by Taaleri Pääomarahastot, is classified as dark green under the EU's Sustainable Finance Disclosure Regulation and invests exclusively in projects that contribute to climate change mitigation. It aims to acquire, develop, operate, and exit utility-scale onshore wind, solar, and battery storage assets in the Nordics & Baltics, Poland, Southeast Europe, Spain, and Texas. The fund currently owns 61 development projects with a capacity of 5.9GW, and recently acquired a portfolio of 8 hybrid renewables projects in Poland. [Extracted from the article]

Renewable Power Capital (RPC) has partnered with Elmya Energy to develop 4GW of battery energy storage system (BESS) and solar assets in the UK. The joint venture aims to target assets in England and Scotland. The first projects are expected to be ready for construction in 2025-2026. This partnership expands RPC's portfolio of UK storage projects to 4.5GW and aligns with their goal of becoming a key player in the BESS sector and contributing to the UK's decarbonization efforts. [Extracted from the article]

Arcano Partners, a Spanish asset manager, has successfully closed its second fund of funds (FOF), raising €331 million ($362.8m) above its initial target of €300 million. The Arcano Earth Fund II (AEF II) has already committed 78% of its capital to 16 deals, focusing on investments in energy transition, water, sustainable transport, and digital infrastructure. The fund, which launched in June 2021, has a target IRR of 8% and a 10-year duration with a possible 4-year extension. The previous fund, Arcano Earth Fund, closed in December 2020 at €292 million, exceeding its €250 million target. Arcano subsidiary ArcBlue Solar has also recently achieved a €100 million financial close for a co-investment vehicle targeting distressed Italian solar assets. Carlos Ruiz de Gauna, managing director of sustainable infrastructure at Arcano Partners Asset Management, emphasized the growing commitment of private investors to infrastructure assets focused on energy transition and digitalization due to their inflation protection, minimal volatility, and high decorrelation with financial markets. [Extracted from the article]

Ardian, an asset manager, was awarded the IJInvestor Equity Fund Manager Award in North America for its America fund. They manage over 7.6GW of heat and renewable energy capacity in Europe and the Americas. Ardian's infrastructure strategy focuses on acquiring transport, renewable energy, and communication assets that are resilient against economic slowdown. They have a team of over 65 investment professionals who manage $25 billion in assets and are actively engaged in the energy transition, particularly in developing the hydrogen economy. Ardian celebrated fund closes in 2022 and launched the Ardian Clean Energy Evergreen Fund, which has already invested in wind and solar assets. They also closed the Ardian Americas Infrastructure Fund V, attracting investors from around the world. Ardian plans to leverage its international network and develop long-term relationships with stakeholders. The market opportunity for infrastructure is enhanced in the current environment, and Ardian's approach positions them well. [Extracted from the article]