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The European Commission has approved Macquarie Asset Management's acquisition of a 49.9% stake in Norwegian renewable developer Hydro Rein. Macquarie will invest $332 million in Rein and form a joint venture with Norsk Hydro, which will own the remaining 50.1% of the company. Rein develops onshore wind and solar projects and offers energy solutions services in Europe, Brazil, and North America. The investment is expected to fully fund Rein's current projects and future development costs. [Extracted from the article]

Actis, a global investor, has acquired Enel's stakes in Enel Generación Perú (EGP) and Compañía Energética Veracruzana (CEV) for $1.3 billion, adding 2.2GW of renewables in Peru to its portfolio. Actis-owned Niagara Energy fully acquired CEV and took an 87% stake in EGP. Actis also acquired additional EGP shares from minority investors, reaching a 95.3% interest in the company. The acquisition is part of Actis Energy 5's strategy to expand its renewable portfolio and capture market opportunities. Enel's sale is part of its strategic plan to ensure a strong financial structure and increase investments in strategic geographies. [Extracted from the article]

Chubu Electric Power, a Japanese company, has acquired a 30% stake in Ecowende, the developer of the Hollandse Kust West VI offshore wind farm in the Netherlands. The wind farm, which will have a capacity of 760MW, is a joint venture between Shell and Eneco. It is expected to be commissioned in 2026 and will provide around 3% of the Netherlands' electricity demand. Chubu's investment in this project will allow them to gain experience in the offshore wind sector and apply it in Japan and other countries. Eneco, the seller, plans to use the proceeds from the sale to invest in other renewable energy projects. [Extracted from the article]

REC Power Development and Consultancy, a subsidiary of REC Limited, is looking to acquire an operational solar, wind, or hybrid project of approximately 200MW in India. They have invited interested parties to submit expressions of interest by May 27, 2024. The project must have a remaining useful life of at least 15 years, have been operational for the last 18 months, and maintain its current operations and maintenance services. The long-term debt instruments of the project must also have a credit rating of BBB+ or above from specified rating agencies. REC Power plans to announce the results of phase 1 on June 17, 2024, with subsequent stages and negotiations to follow. [Extracted from the article]

Glentra, a Danish company, has acquired 95.71% of the shares of Kyoto Group, a thermal battery company based in Oslo, Norway. The acquisition was made through a voluntary cash offer, with Glentra offering a premium price of NOK 24 per share. The proposal received support from Kyoto's board of directors and the company aims to accelerate Kyoto's commercial development and provide financial support for its operations. Glentra also owns other companies in its portfolio, including Third Pillar Solar and DVP Solar Worldwide. [Extracted from the article]

Oslo-based renewables company Cloudberry Clean Energy has acquired a 15.99% stake in Forte Energy, a Norwegian hydropower portfolio consisting of 14 plants. The value of the deal has not been disclosed, but represents about 1.1 times the Q1 2024 book value for Cloudberry of the Forte shares. The portfolio has an annual production of 254GWh, with 234GWh coming from the power plants and 20GWh from a power purchase agreement (PPA). Cloudberry now holds a 49.99% interest in the portfolio and has secured 127GWh of the assets' output. [Extracted from the article]

Sosteneo Infrastructure Partners has acquired a 49% stake in Enel Libra Flexsys, an Italian battery energy storage system developer, for €1.1 billion. The investment was made through Sosteneo Fund 1, an investment vehicle of Sosteneo Energy Transition Fund. The financing for the investment was secured through mezzanine financing provided by Canada Pension Plan Investment Board and senior financing provided by various banks. Enel Libra has a pipeline of 23 battery energy storage system projects and 3 open-cycle gas turbine projects. Enel will remain the majority shareholder and manage the project portfolio. Sosteneo specializes in greenfield infrastructure investments in Europe, Australia, and New Zealand. [Extracted from the article]

Edison, a subsidiary of EDF, has purchased a 50% stake in Wind Energy Pozzallo, which owns a 957MW floating offshore wind project in Italy. The project is located off the coast of Pozzallo in Sicily and is currently in the authorization phase with the Italian Ministry of the Environment. Once operational, the project is expected to reduce CO2 emissions by 780,000 tonnes per year and operate for at least 30 years. Edison's investment in renewable energy aims to increase its portfolio to 5GW by 2030, contributing to Italy's renewable energy and decarbonization goals. [Extracted from the article]

Cloudberry Clean Energy has agreed to sell three hydropower plants in Norway to Cadre for NOK 320.5 million ($30m). The plants, located in NO3 and NO4, have a combined annual production of about 36GWh and were acquired by Cloudberry in 2021. The sale is structured as a sale of shares in the special purpose vehicles (SPVs) holding the projects, with Cloudberry receiving around NOK 205 million in free cash. This divestment is part of Cloudberry's strategy to recycle capital and drive value creation. Cadre's CEO, Carl-Fredrik Lehland, stated that the assets align well with their strategy and will help reduce operating expenses. [Extracted from the article]

Q Energy, a Berlin-based renewables developer, has sold the 33MW Whinfield solar project in England to AlphaReal Capital. The project, which began construction in April 2024, is expected to produce energy equivalent to powering over 8,700 homes and reduce 8,000 tonnes of CO2 per year. AlphaReal's investment aligns with its strategy of investing in greenfield assets that contribute to the UK renewables sector. Q Energy has also recently sold a portfolio of solar and wind farms in France and is currently developing a portfolio of over 15GW of renewable energy projects across Europe. [Extracted from the article]

Heygaz Biomethane, backed by InfraVia Capital Partners, is set to acquire Irish biogas producer Ormonde Organics. Ormonde operates two anaerobic digestion plants in Waterford and Cork, with a total production capacity of 60GWh per year. The company is also developing a third plant, scheduled to come online by the end of 2025. If the deal goes through, Ormonde's management team will remain in place and Heygaz plans to expand Ormonde's biomethane portfolio in Ireland. Heygaz aims to build a European network of biomethane plants and contribute to Ireland's commitment to increase biomethane production. [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]

Eurus Energy UK, a subsidiary of Japan's Eurus Energy Holdings Corporation, is set to acquire a stake in the Highland Wind Limited, the developer of the 100MW Pentland floating offshore wind farm in Scotland. The stake will be purchased from funds managed by Copenhagen Infrastructure Partners (CIP). This marks Eurus' first investment in an offshore wind project and will provide them with valuable knowledge and technologies in the sector. The Pentland project, located off the coast of Dounreay in Caithness, will have a lifespan of up to 25 years and generate enough electricity to power 70,000 homes annually. [Extracted from the article]

Tages Capital, through its fund Tages Helios Net Zero, has acquired two portfolios of operational solar plants in Italy totaling 160.8MW. The first portfolio consists of 151 PV plants, mainly located in Puglia, with a capacity of 122.7MW. The second portfolio, acquired from Clere, includes 45 PV plants with a capacity of 38.1MW located in various regions of Italy. Tages secured a €563 million loan from six banks to finance the acquisitions, refinance previous debt, and fund the revamping and repowering of the plants. This investment solidifies Tages' position as the second-largest operator in the Italian PV sector. [Extracted from the article]

Econergy Renewable Energy has sold the 214MW Niculesti solar project in Romania for €33 million ($35m). The sale was finalized after negotiations in April 2024, following non-binding offers in February 2024. The sale will result in a profit of €29 million for Econergy, which will be used to finance and develop their pipeline of projects in Romania. Econergy also has projects in Italy, the UK, Poland, Greece, and Spain, and recently secured a €150 million credit line to support their European pipeline. [Extracted from the article]

Enersense, a Finnish provider of emission-free energy solutions, is conducting a strategic assessment of its renewable energy assets, including onshore wind and solar projects and offshore wind operations. The company is considering the option to sell these assets, as it sees significant value in its onshore projects but recognizes the need for significant growth capital for its offshore operations. Enersense aims to strengthen its market position in the energy, industrial, and connectivity sectors, focusing on Finland and the Baltic countries. The company has secured a €10 million senior unsecured revolving credit facility to implement its strategy and is also seeking a new CEO. [Extracted from the article]

Masdar, a state-owned company from the United Arab Emirates (UAE), has agreed to purchase a 67% stake in Terna Energy, a Greek renewables company, with plans to fully acquire the company in a deal worth €3.2 billion ($3.4 billion). The initial stake will be acquired from GEK Terna and other shareholders, and if the deal is approved, Masdar will make an all-cash mandatory tender offer to acquire the remaining shares. Masdar intends to support Terna Energy's operations in Greece and other European countries, with a goal of achieving an operational capacity of 6GW by 2030. This acquisition represents one of the largest in the European renewable energy market and is part of Masdar's plan to achieve a global portfolio of 100GW by 2030. [Extracted from the article]

Romanian company Premier Energy Group and Greece's Motor Oil Renewable Energy (MORE) have reached an agreement to purchase an 86MW solar project portfolio in Buzău County, Romania. The portfolio includes two solar projects with a combined capacity of 86MW and 18MWh of energy storage capacity. Premier Energy's subsidiary, Alive Capital, will oversee the development activities, with commissioning expected in the second half of 2025. This marks MORE's first investment in the Romanian renewable energy market. The transaction is subject to customary competition and foreign direct investment approvals. [Extracted from the article]

NextEnergy Solar Fund (NESF) has sold the Whitecross solar plant in the UK to Downing for £27 million. The plant, located in Lincolnshire, was developed by NESF and commissioned in late 2023. The transaction represents a 14% premium to the holding value and is part of NESF's capital recycling program. NESF has divested 96MW of its 246MW program so far and plans to sell the remaining 150MW through a competitive process. The sales proceeds will be used to reduce debt, invest in growth opportunities, and potentially establish a share buyback. [Extracted from the article]

Calisen, a meter asset provider, has acquired Environmental Energies Limited (EEL), a renewable energy company based in Leicester. EEL specializes in solar and battery storage systems, as well as offering electric vehicle charging and other energy solutions. Calisen plans to merge EEL with its subsidiary, Plug Me In, to expand its commercial and smart home offerings. This acquisition is part of Calisen's ongoing efforts to expand its portfolio, following previous acquisitions of Advizzo, Ecofit Renewables, and Source Eco. Calisen is currently the largest meter asset provider in the UK. [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]

Highview Power, a London-based long-duration energy storage provider, has raised £300 million to build the UK's first commercial-scale liquid air energy storage (LAES) plant in Carrington, Manchester. The financing was provided by the UK Infrastructure Bank (UKIB), Centrica, and a syndicate of investors including Rio Tinto, Goldman Sachs, KIRKBI, and Mosaic Capital. The Carrington project will be one of the world's largest long-duration energy storage facilities, with a storage capacity of 300MWh and an output power of 50MWs/h for 6 hours. Construction will begin immediately, with commissioning expected in early 2026. Highview Power plans to build four larger-scale facilities across the UK valued at £3 billion. Centrica's investment is part of its plans to invest in green assets, and it will have rights to equity participation and energy optimization from future projects in Highview Power's pipeline. [Extracted from the article]

Swedish energy company Flower has completed the acquisition of the Bredhälla battery energy storage system (BESS) project from OX2. The project, located in the municipality of Uppvidinge, consists of a 42.5MW/42.5MWh lithium-ion battery system, making it the largest of its kind in Sweden. OX2 will continue to manage the project for 10 years, providing technical and commercial support. Flower financed the acquisition with debt from Norion Bank. This is OX2's first sale of a BESS project and follows their divestment of a solar portfolio in Spain earlier this year. [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]

Gren Energy, a subsidiary of Estonian company Gren, has acquired a 50% stake in the South Clyde Energy Centre waste-to-energy facility in Glasgow from Macquarie Group's Green Investment Group. The facility, currently under construction, will generate up to 45MWe of electricity by processing 350,000 tonnes of waste per year. It is scheduled to be commissioned by the end of 2026 and will supply electricity to 70,000 homes. The project will also provide heat to local businesses and district heating systems. Gren's investment is part of its strategy to invest £1 billion in low carbon infrastructure and local energy systems in the UK. [Extracted from the article]

Octopus Renewables Infrastructure Trust (ORIT) has made a €7 million investment in Irish developer Simply Blue Group (SBG) and is set to acquire a solar farm near Dublin from Statkraft. ORIT's investment in SBG will support the development of its floating offshore wind and sustainable fuels projects. ORIT and Octopus Energy Generation-managed Sky now hold a 20% stake in SBG. Additionally, ORIT will soon finalize the acquisition of the 42MW Harlockstown solar farm from Statkraft. This investment follows Galvanize Climate Solutions and Lightrock's recent acquisition of stakes in Octopus Energy Group. ORIT's UK joint venture with Sky and Renewable Energy Systems, HYRO, is also progressing with the Northfleet hydrogen production project. [Extracted from the article]

Warsaw-based solar developer R.Power is set to acquire a stake in a 24.1MWp solar project portfolio in Portugal from Gesto-Energia. This acquisition will increase R.Power's pipeline in Portugal to 92MWp, as it aims to have an operational portfolio of 1GWp across EU markets within the next 2 years. R.Power recently secured €250 million in a capital increase, with commitments from Amber Infrastructure's Three Seas Initiative Investment Fund and the European Bank for Reconstruction and Development. The company has already put into operation its first Portuguese project, an 8.4MWp solar park in Terena, and operates in several other countries including Italy, Germany, Poland, Romania, and Spain. [Extracted from the article]

Qualitas Energy Deutschland (QED) has acquired an onshore wind project in Brandenburg and plans to repower it. The wind farm, which has been operational since 1999, features Enercon turbines. The repowering project is currently in the advanced planning stage and will increase the project's total installed capacity to 36MW through the use of modern turbines. This acquisition aligns with Qualitas Energy V's goal of investing in the repowering and greenfield sectors in Germany and owning an onshore wind pipeline with a total capacity of 6GW. [Extracted from the article]

ESB Wind Development, a subsidiary of Irish state-owned ESB, has agreed to purchase Pallas Windfarm Limited (PWL), the owner of the Pallas wind farm in County Kerry, Ireland. The sale, valued at €62 million ($66 million), is currently under review by the Irish regulator Competition and Consumer Protection Commission (CCPC). The Pallas wind farm consists of two facilities, Clahane wind farm and Clahane Extension wind farm, with a combined capacity of 51.6MW. If approved, the sale will allow TRIG, the seller, to reduce its borrowings and align with its asset rotation strategy. [Extracted from the article]

Polish renewable energy developer Wento has acquired a battery energy storage system (BESS) project in Zawiercie from Ener Polska. This acquisition adds to Wento's portfolio of wind, solar, and BESS projects in Poland, which currently totals 3.2GW. Wento is owned by Norwegian state-owned energy company Equinor, which purchased the company for €91 million in May 2021. This deal follows a cooperation agreement between Ener and Norwegian state-owned Statkraft to develop BESS projects in Poland. [Extracted from the article]

Australian company Fortescue Energy has made a second equity investment in Spanish wind turbine technology developer Nabrawind. The investment aims to support Nabrawind's growth and accelerate the commercialization of its products on a large scale, with Fortescue as a major customer. Since Fortescue's initial investment in April 2023, Nabrawind has increased the deployment of its products with leading wind turbine manufacturers. Fortescue sees Nabrawind as a critical partner in their efforts to increase renewable energy adoption and decarbonize their operations in Western Australia. [Extracted from the article]

OMV Petrom, an oil and gas company based in Bucharest, Romania, has agreed to purchase a 50% stake in a 130MW solar project portfolio from Renovatio. The portfolio consists of three projects that will be developed, built, and operated by OMV and Renovatio. The projects have already gained access to the national transmission grid. This transaction expands the partnership between the two companies, and they plan to have a joint portfolio with an installed capacity of over 1.1GW by 2030. OMV Petrom is actively investing in low and zero carbon projects as part of their strategy to reduce their carbon footprint. [Extracted from the article]

Berlin-based independent power producer Clere has sold a 38MWp solar portfolio in Italy to Tages Capital. The portfolio includes operating solar plants incentivized by the Italian feed-in tariff scheme Conto Energia. Clere will retain ownership of approximately 35MWp in Italy, as well as assets in the UK, Germany, and Spain. Tages Capital, through its third fund Tages Helios Net Zero, has signed an agreement with Macquarie Capital to co-invest in EV Asset Holding, which controls 50% of IPlanet (IP), to add electric charging stations to IP's fuel stations throughout Italy. Clere was advised by Finergreen, PwC, Dentons, and KIWA, while Tages was advised by DLA Piper. [Extracted from the article]

RIVE Private Investment has purchased a stake in Langa International, a French renewable energy developer, for €20 million. This investment will allow Langa to accelerate the development of its portfolio and advance its projects. Langa currently has a portfolio of 6GW of renewable energy assets across 12 countries. This is the second investment made by RIVE's Infrastructure Impact Fund, with more investments expected to be announced in the coming weeks. [Extracted from the article]

Denmark's Glentra has agreed to invest NOK 286.7 million ($26.9m) in Norwegian thermal battery company Kyoto Group. Glentra will subscribe for 16.8 million new Kyoto shares and plans to launch a takeover bid offering NOK 24 per share. Glentra has already secured 73.5% of Kyoto's current shares and aims to secure 90% before carrying out a compulsory acquisition of the remaining shares. The move is intended to accelerate Kyoto's commercial development and provide financing for its operations. [Extracted from the article]

French renewable energy producer, Technique Solaire, has expanded its European portfolio by acquiring 58MWp of solar projects in Spain and the Netherlands. In Spain, Technique Solaire purchased 8 ready-to-build projects in the Aragon region, which are expected to come online in early 2025 and produce 63GWh per year, serving 40,800 homes. In the Netherlands, the company acquired 2 ready-to-build projects that will produce 26GWh annually, equivalent to supplying 20,000 homes. Technique Solaire now owns over 400MWp in Spain and 37MWp in the Netherlands, with plans to reach operational capacities of over 600MW in Spain and 100MWp in the Netherlands by 2030. The company also recently acquired PV plants in India and secured funding to support its growth goals. [Extracted from the article]

French solar power producer Smart Energies (SE) has successfully raised €87 million ($94 million) in capital to support the company's growth. The funding round included commitments from new shareholders Plenium Partners and SWEN Capital Partners, as well as participation from existing shareholders such as RGreen Invest. The capital will be used to accelerate the development of rooftop solar, parking lot, and small ground-mounted projects in Europe, with a focus on Greece and the Nordics. SE currently operates over 500 solar facilities in Europe and has more than 160MWp in operation or under construction. [Extracted from the article]

Ardian, a global investment firm, has agreed to purchase a stake in French renewable energy producer UNITe - Hydrowatt Group from a consortium led by Omnes Capital. This acquisition will make Ardian the largest shareholder in UNITe. Ardian's Clean Energy Evergreen Fund (ACEEF) will provide resources to finance UNITe's current and future projects, helping to solidify its position as an independent energy producer and developer. UNITe specializes in solar, wind, and small hydro projects in France and also leads in the sale of guarantees of origin for green energy. Ardian plans to equip UNITe with its digital renewable energy asset management tool, OPTA, to optimize the management of renewable portfolios and monitor market risk. [Extracted from the article]

Galvanize Climate Solutions and Lightrock have acquired stakes in UK renewable company Octopus Energy to support its growth in North America and Europe. Galvanize invested through its Innovation + Expansion Fund, while Lightrock invested through its Lightrock Climate Impact Fund. This comes after Octopus secured commitments from existing shareholders Generation Investment Management and Canada Pension Plan Investment Board. Octopus plans to use the capital to expand its technology platform Kraken in the US. [Extracted from the article]

London-based Atrato Onsite Energy (ROOF) has acquired a 13MW operational portfolio of solar PV systems for £9.3 million ($11.8m). The portfolio includes 3 solar assets with a 10-year average remaining contracted term. The systems together will produce 10GWh per year, enough to power 3,800 homes and avoid 2,200 tonnes of CO2 emissions. The deal was financed with part of a revolving credit facility (RCF) obtained from NatWest. Recent acquisitions by ROOF include a 10MW solar portfolio for £6.4 million in May 2024 and a 34MW rooftop solar portfolio for £77.3 million in October 2023. [Extracted from the article]

Elbe BidCo, a holding company of KKR and Viessmann Group, has acquired 68.55% of all outstanding shares of Encavis, a German renewable developer, surpassing the minimum acceptance threshold for their €2.8 billion ($3bn) takeover bid. The offer, which was announced in March 2024, required a minimum shareholder acceptance of 54.285%. Elbe had already secured 31% of the shares through binding agreements with shareholders and the support of Encavis' supervisory board and management board. The additional acceptance period will begin on June 5th and end on June 18th, with results announced on June 21st. Encavis will be delisted from the Frankfurt Stock Exchange after the settlement, and the closing is expected in Q4 2024, pending regulatory approvals. Elbe plans to support Encavis' strategic goals by providing financial resources to strengthen its project pipeline, expand into new markets, and diversify its technology portfolio. Encavis currently owns and operates over 190 solar parks and 40 wind farms across 12 European countries. [Extracted from the article]

Madrid-based solar panel installer Samara has successfully closed a €9 million ($9.7m) Series A financing round with six investors, including Green Generation Fund, Move Energy, Ring Capital, and Athletico Ventures. Existing shareholders Pelion Venture Partners and Seaya have also provided additional capital. Samara, founded in June 2022, aims to drive Spain's energy transition by financing and installing solar panels, batteries, and electric vehicle chargers, as well as offering digital tools for managing energy use. The company has already supported over 1,700 households and plans to use the funding to expand nationally and develop its technology and energy services transition platform. [Extracted from the article]

French utility EDF has completed its acquisition of GE Steam Power's nuclear activities, resulting in the creation of a global provider of steam turbine equipment and services based in France. The acquisition was initially agreed upon in February 2022 and finalized in November 2022, with the closing delayed until May 2023 due to regulatory approvals, including concerns raised by the UK's Competition and Markets Authority. The newly renamed company, Arabelle Solutions, will offer conventional island equipment for new nuclear power plants, maintenance and upgrades for existing plants, and steam turbine technology for future nuclear plants. The acquisition does not include GE's activities in the Americas, which will remain under the ownership of GE Hitachi Nuclear Energy. EDF's chairman and CEO, Luc Rémont, stated that the acquisition will support the relaunch of nuclear reactor construction in Europe, contributing to decarbonization and energy sovereignty. [Extracted from the article]

Spanish asset manager White Summit Capital (WSC) has acquired a stake in Valencia-based concentrated solar heating (CSH) developer Solatom. The investment involves the establishment of a platform to deliver solar thermal projects to industrial customers in Europe, contributing to the decarbonisation of industries. WSC will finance the construction of exclusive ready-to-build CSH projects developed by Solatom and will own and operate the assets through long-term heat purchase agreements. Solatom is developing a pipeline of projects totaling more than 100MW across Spain, continental Europe, and Latin America. This investment follows WSC's recent acquisition of a majority interest in Portuguese biomethane producer Ferbgas Renewable. [Extracted from the article]

Swedish fund SEB Nordic Energy, through its subsidiary Locus Energy, has purchased the 8MW Mäkelänkangas wind-solar hybrid farm in Hamina, Finland from Suomen Voima. The farm consists of a 4x Hyundai turbine wind farm commissioned in 2012 and an 11,000 m2 solar plant commissioned in 2016, with a combined annual capacity of 17GWh. Locus Energy plans to optimize the farm through asset refurbishment and preparations for additional investments in energy storage. This acquisition marks Locus Energy's first investment in Finland, and the company intends to expand its Finnish portfolio with wind, hydro, and CHP assets. [Extracted from the article]

Uniper, a German company, has partnered with Polish company WAP Energia to develop an onshore wind portfolio in Poland. The partnership includes six early-stage projects in western Poland with a total capacity of approximately 600MW. Uniper aims to own a 1GW project portfolio in Poland in the medium-to-long-term and develop 10GW of solar and wind projects in its core markets by 2030. The company plans to invest €8 billion ($8.6bn) in growth and transformation by 2030, including the conversion of power plants and investment in flexible and secure power generation assets. [Extracted from the article]

Casino Group has sold its 10.15% stake in French renewable energy company GreenYellow to Ardian and Bpifrance for €46 million ($50m), marking its exit from the business. Ardian Infrastructure Fund V now holds a 76% share in GreenYellow, which it acquired from Casino, Bpifrance, and Tikehau Capital in October 2022. GreenYellow, founded in 2007, operates in 17 countries and has invested approximately €2 billion in solar PV and energy efficiency projects. The company recently secured financing for its solar portfolio in Colombia and acquired Grow Energy Management to expand its presence in Portugal and Poland. [Extracted from the article]

Hydrogen Utopia International (HUI) is currently undergoing a review of its takeover of Essential Energy Holding Group, a bioenergy company based in the British Virgin Islands. The review was prompted by new financial information that could impact the value of the target company. The initial valuation of Essential Energy was £500 million ($638 million) based on its 2022 revenues of over €365 million ($395 million) and pre-tax profits of €40 million. The completion of due diligence and an independent valuation could potentially affect the price of the company. HUI has stated that there is no guarantee that the acquisition will be completed. If the deal does proceed, HUI plans to issue new ordinary shares to Essential Energy shareholders in exchange for full ownership of the bioenergy company. Essential Energy, formerly known as Helmond Holding Group, specializes in biofuel production and owns operational plants across Europe, as well as land and permits for a waste plastic-to-hydrogen facility. HUI, based in London, specializes in converting waste into hydrogen and other carbon-free fuels. [Extracted from the article]

Clearvise, a Frankfurt-based independent power producer, has acquired the Wolfsgarten solar park in Germany from Altus Renewables. This acquisition is part of a larger deal that also includes the Heiligenfelde solar plant. Wolfsgarten, developed by Altus, received a building permit in July 2023 and construction was completed in April 2024. The solar park operates without tariff subsidies through a power purchase agreement. Altus will continue to manage the facility. With this acquisition, Clearvise's operating portfolio has expanded to 316MW and they are moving towards a 50:50 portfolio of wind and solar power generation. [Extracted from the article]