Plenitude, an Eni subsidiary which specialises in renewable energy, has agreed to pay an undisclosed price for a 100 per cent ownership in PLT, a company that develops and distributes renewable energy projects. PLT provides service to 90,000 retail customers in Italy and has a 1.6 GW renewable portfolio in Spain.
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Sembcorp Industries, a Singapore-based renewable energy company, has acquired a 98 per cent stake in a 658 MW portfolio of operational wind and solar assets from GCN Capital Partners Infrastructure Fund III and its affiliates for $517 million through its 100 per cent subsidiary Sembcorp Energy (Shanghai). The assets are contracted and qualified for fixed feed-in tariffs under China’s renewable energy programme, and are located in energy demand areas such as Hebei, Henan, and Shandong provinces.
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Hanwha Solutions has invested $855.2 million for a 100 percent share in renewable energy producer RES France in order to extend its business portfolio in Europe. As a result of this agreement, Hanwha Solutions will have complete ownership of RES France’s solar and wind power projects totaling 5 GW, which was handled by the company’s green energy business Hanwha Q Cells.
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Buckeye Partners and Nala Renewables will together acquire majority ownership of Swift Current Energy, a North American clean energy development and investment platform. As part of this transaction, Swift Current Energy’s management team will retain a minority ownership in the company through their holding company, Lookout Ridge Energy Partners. The same team will also remain in place as the company’s management.
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I Squared Capital, a leading global infrastructure investment manager has entered into an agreement to sell Grupo T-Solar, a leading European renewables platform, to Cubico Sustainable Investments Limited. Cubico Sustainable Investments is the renewable energy specialist jointly owned by Ontario Teachers’ Pension Plan and PSP Investments. This entire transaction is worth €1.5 billion.
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