Independent solar power producer Azure Power Global has announced that it had signed a binding agreement to sell its non-core rooftop solar portfolio to Radiance Renewables for ₹5.36 billion (~$73.5 million). A 100% subsidiary of the Green Growth Equity Fund (GGEF), India’s leading Climate fund managed by EverSource Capital, Radiance offers competitive renewable energy solutions for commercial, industrial, and residential customers. The acquisition will cover 152.5 MW of assets and includes 8.1 MW of assets under construction and 18.5 MW of recently commissioned assets.
Atlantica Sustainable Infrastructure, the sustainable infrastructure company that owns a diversified portfolio of contracted assets in the energy and environment sectors, announced that it had reached an agreement to acquire a 49% interest in a 596 MW portfolio of four wind assets located in Illinois, Texas, Oregon, and Minnesota. Atlantica’s initial investment is expected to be approximately $196.51 million.
French construction company Vinci has signed an agreement to acquire ACS’s energy business that includes a 15 GW renewables pipeline for $5.7 billion. The deal includes 8 GW of early-stage offshore wind farms as well as onshore wind and solar sites. Additionally, the companies plan to negotiate a 51 %-49 % partnership agreement to acquire mature renewables assets to be developed, built, and connected to the grid by the acquired company in the future.
BayWa r.e., a renewable energy project developer, secured $216.1 million from a tie-up of lenders, the North American Development Bank (NADB), to build a 200 MW Corazon solar PV project in Webb County, Texas. The San Antonio, Texas-based lender, run by the government of the U.S. and Mexico, will be taking part in the funding round with $62.9 million and served as coordinating lead arranger of the transaction.
Nebras Power, a joint venture of Qatar Electricity and Water Company (60%) and Qatar Holding (40%), has expanded into the Ukrainian power market with the acquisition of six solar projects and a partnership agreement with UDP Renewables and their parent holding company UFuture. The share purchase agreement will give Nebras the majority stake in the solar PV projects – Scythia-Solar-1, Scythia-Solar-2, Free-Energy Genichesk, Port-Solar, Terslav, and Sun Power Pervomaisk, all of which are operating commercially.
Isagen, an electricity generation company in Colombia, has acquired a 100 MW solar project in Colombia’s north to expand its renewable energy portfolio.
Dhamma Energy, a developer and operator of solar projects announced the acquisition of the remaining 50% stake in the 12 MW Lanas solar project in France from its co-shareholder, the operator Urbasolar. Through this operation, Dhamma Energy now owns 100% of the solar project. The project, which came online in April 2018, is one of the largest solar projects built on an operating aerodrome in France.
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