Royal Dutch Shell (Shell) acquired a 43.83% interest in Silicon Ranch Corporation.
Shell proposes to use the funds managed and advised by Partners Group, a private equity firm.
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Shell will pay between $193m and $217m as consideration for the acquisition.
The proceeds are intended to be used to expand Silicon Ranch Corporation’s global new energies footprint.
Shell is an oil and gas company, while Silicon Ranch Corporation is engaged in the development and operation of solar energy facilities.
Brookfield Asset Management plans to acquire Saeta Yield, a renewable energy company based in Spain.
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By GlobalDataBrookfield Asset Management is a Canada-based alternative asset management firm.
Saeta Yield is currently purchasing wind and solar plants to expand its footprint beyond Spain. The firm’s shares have risen by 24% in the past year, giving it a market value of €832m ($1bn).
Engie has agreed to acquire companies Afric Power and Tieri, which provide distribution and manufacturing services for industrial power sector equipment in West Africa.
ENGIE aims to strengthen its portfolio through the acquisition to become one of the leading energy service providers in West and Central Africa.
