Albioma, an independent renewable energy producer, acquired 31.6 MW of solar projects from GreenYellow, a decentralized solar photovoltaic production company in France and Brazil. The portfolio consists of six photovoltaic projects in Brazil and is fully operational.
The acquisition of this portfolio marks Albioma’s entry into solar power in Brazil, a business with strong growth potential that complements its existing assets. The French firm said the transaction was cleared by the Brazilian competition authority CADE last week, with the contract being subject to price adjustments.
Recently, Sonnedix, an independent power producer, completed the acquisition of 117.8 MW of portfolio of solar PV projects from Graziella Holding and other minority sellers. All projects in the portfolio are in the Ready-to-Build (RtB) stage. The portfolio consists of two solar PV projects: Sonnedix Cagliari, of 69.5MW, and Sonnedix Nuoro, of 48.3MW, located in Sardinia, Italy. The plants are expected to start operations by the second half of 2023 and the first half of 2024, and once built, they will benefit from a feed-in tariff from Gestore dei Servizi Energetici.
According to Mercom’s 1H and Q2 2022 report, 66 large-scale solar project acquisitions in Q2 2022 compared to 82 transactions in Q1 2022. In July 2022, Cypress Creek Renewables, a project developer and an independent power producer, acquired a 100 MW solar transmission project from Carson Power, a solar and storage developer. The project is in Rochester, New York, U.S., currently in the early stages of development and is expected to be operational by 2026.
Gresham House, an asset manager, recently acquired the 20 MW Beavor Grange Solar project from Anesco, UK-based energy efficiency and renewable energy firm, as part of a three-year development and construction partnership of 200 MW solar projects. The Beavor Grange solar project, located near Axminster, Devon, is the fourth site to transact under the 200 MW ground mount solar partnership.