Monthly Market Update
US solar tracker maker Array Technologies Inc finalised the acquisition of Spanish peer Soluciones Tecnicas Integrales Norland SL. Earlier in Novemnber Array unvailed its plan to acquire the Spanish manufacturer for around $570 million in cash and stock
Reliance Industries Ltd acquired UK sodium-ion battery technology developer Faradion Ltd in a deal with an enterprise value of $135 million
Energias de Portugal SA finalised the divestment of a 221MW Portuguese wind portfolio to Onex Renewables Sarl. Under the agreement, EDP Renovaveis SA sold its full equity shareholding in the portfolio for an enterprise value of $596 million. The transaction concerns five operational wind parks
Green Arrow Capital acquired a portfolio of solar PV projects under development in Spain with an overall expected capacity of 508MW and a total value of €400 million+ from Progressum Energy Development. The deal was carried out through its subsidiary Green Arrow Infrastructure of the Future Fund
A2A SpA struck two deals to buy 352MW of wind and solar power capacity in Spain and Italy from Ardian in a combined equity value of $512 million
Cordelio Power, fully-owned by Canada Pension Plan Investment Board, acquired a 900MW solar project pipeline in the US from SunEast Renewables LLC. The acquired projects are mainly located in New York and some in Pennsylvania.
The portfolio includes more than 600MW of schemes that are fully contracted under 20 year deals with the New York State Energy Research Authority
Iberdrola SA through its UK unit ScottishPower, has signed agreements to acquire over 800MW of late-stage solar PV projects located in England, Scotland and Wales. The agreement consists of separate deals with developers Elgin Energy, which agreed to sell 12 projects and Lightsource BP, which is giving up 5 sites. Iberdrola plans to invest $686 million to have the solar farms built and commissioned
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