Tagged Mergers and Acquisitions

Eni to buy wind and solar developer PLT

Italian oil and gas group Eni’s retail power and renewable energy unit Plenitude has signed a deal to acquire Italian wind energy developer and operator PLT, in a transaction that will boost its Italian onshore wind capacity and give it a foothold in Spain. Read Full Article Here For more great articles: Wind Power News…

Activate expands its solar-focused real estate portfolio

By Renewable Energy World Texas-based Activate Renewables, which acquires real estate and royalty interests in wind, solar and energy storage, said it closed on the purchase of a renewable energy real estate portfolio owned by Alchemy Renewable Energy. The portfolio consists of the real estate related to five solar projects located in North Carolina and…

Update on Saudi Arabia’s Quest for Nuclear Reactors

By [Energy Central] Dan Yurman Earlier this year Saudi Arabia quietly released a tender for two full size light water design nuclear reactors. The inquiry was sent to South Korea, France, China and Russia. The process of acquiring two reactors is a down sized effort from an ambitious goal set in 2014 to build 16…

CSI Energy Storage to provide batteries to UBS projects in ERCOT

By Renewable Energy World CSI Energy Storage said it will provide up to 2.6 GWh of battery energy storage capacity for the build-out of energy storage projects managed by UBS Asset Management’s Real Estate & Private Markets business in North America. The projects are scheduled to reach commercial operation in 2024 and 2025. In July,…

Siemens Energy’s results weighed down by poor wind performance

By Renewable Energy World Siemens Energy said its overall fiscal year 2022 performance was held back by its Siemens Gamesa Renewable Energy (SGRE) unit. Christian Bruch, president and CEO of Siemens Energy, said that while the company’s gas and power business delivered “solid results,” Siemens Gamesa “did not meet expectations.” New management has been put…

Strata Clean Energy acquires utility-scale solar developer Crossover Energy Partners

By Billy Ludt Strata Clean Energy is acquiring Phoenix, Arizona-based Crossover Energy Partners, a utility-scale renewable energy project developer. This acquisition expands Strata’s offerings and incorporates Crossover’s customer origination and power offtake competencies and other renewable energy services, including decarbonization and the development of new technologies like green hydrogen. “Strata’s acquisition of Crossover bolsters our…

Electriq Power to merge with publicly traded acquisition company TLGA

By Kelly Pickerel Small-scale energy storage provider Electriq Power will merge with TLG Acquisition One, a publicly traded special purpose acquisition company. Upon closing of the transaction in 2023, the combined company will operate under the name Electriq Power Holdings and will be led by existing Electriq management with Mike Lawrie joining the board as…

FREYR Battery picks Georgia site for $1.7 billion cell plant

By Renewable Energy World Norway-based FREYR Battery said it acquired a site in Coweta County, Georgia, for its planned $1.7 billion Giga America battery plant. The company said it plans to launch detailed project engineering in the coming months. The first phase is planned to be a cell production module with around 34 GWh of…

Canoo to Acquire Vehicle Manufacturing Facility in Oklahoma City

By Blagojce Krivevski California-based EV startup Canoo has entered into an agreement to acquire a Vehicle Manufacturing Facility in Oklahoma City. Strategically located with easy access to road and rail, the facility will produce Canoo’s LDV and LV vehicles for delivery to customers in 2023. With a dedicated training center, Canoo’s Vehicle Manufacturing Facility will…

Bowman Consulting Group acquires SEI Professional Services

By Kelsey Misbrener Bowman Consulting Group recently announced the purchase of SEI Engineering. Headquartered in Paonia, Colorado, and operating as SEI Professional Services, the company provides a full array of technical services to developers and owners of utility and commercial scale solar energy facilities. The SEIE team is made up of solar and battery storage…

Pineapple Energy acquires Long Island solar contractor SUNation Energy

By Billy Ludt Pineapple Energy, a solar + storage contractor, acquired SUNation Energy, a New York-based solar installer for residential and small commercial customers. The transaction closed on November 9, 2022. SUNation has served Long Island for 19 years, offering a range of solar energy solutions including residential, commercial, battery storage, and roofing, and currently…

Bowman buys solar services firm SEI Engineering

By Renewable Energy World Bowman Consulting Group said it bought SEI Engineering, which provides technical services to developers and owners of utility and commercial scale solar energy facilities. Gary Bowman, CEO, said in a statement that planning, engineering, and commissioning related to the energy transition is a focus of the company’s growth and is “central”…

Oil & Gas Business Builders: Timothy C. Kim on Renewables & Solar

By [Energy Central] Robin Saiz Why are Oil & Gas companies acquiring renewable energy assets – both development platforms and project portfolios? How are these investments helping companies get ahead of the curve on ESG, RECs, and other fronts, and what’s important to be aware of in the current market? We talk with Timothy C….

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