Globeleq has reached an agreement to acquire Brookfield’s interests in a renewable energy portfolio in South Africa.
Through the transaction, Globeleq will gain a majority stake in six renewable projects with a combined capacity of 178MW, and ownership in Brookfield’s South African asset management company.
Based in the UK, Globeleq is engaged in the development and operation of electricity generation units in Africa.
SNC-Lavalin and Holtec International have agreed to form a new joint venture company called Comprehensive Decommissioning International (CDI).
The new company will work on safely and quickly decommissioning nuclear plants in the US.
Based in Canada, SNC-Lavalin is engaged in providing integrated professional services and project management services. Holtec International is a US-based integrated technologies enterprise engaged in providing innovative solutions, equipment and services to the global energy industry.
Rural Electrification Corporation (REC) plans to raise up to Rs700bn ($10.2bn) in a private placement of unsecured/secured non-convertible bonds/debentures.
The company proposes to raise funds for the transaction in one or more tranches.
Based in India, REC is an infrastructure finance company.
ContourGlobal Power Holdings plans to raise €700m ($819.3m) by issuing senior secured notes due 2023 and in 2025 under a private placement.
Qualified institutional buyers have agreed to subscribe to shares issued under the placement.
Proceeds raised are intended to be used for refinancing the company’s senior secured notes due in 2021.
Based in the US, ContourGlobal Power Holdings is a wholly owned subsidiary of ContourGlobal and is engaged in power generation.
LM Wind Power has reached an agreement to acquire Knowledge Centre WMC’s test facilities in Wieringerwerf, Netherlands.
Based in Denmark, LM Wind Power is engaged in designing and manufacturing rotor blades for wind turbines and a subsidiary of GE Renewable Energy. WMC is an independent research institute specialising in testing various materials, structures, components, and systems.
Capital Dynamics and Hanwha Asset Management have agreed to acquire 32% and 25% interest in Solar South and West power plants respectively from US-based power utility, Tenaska.
Located in Imperial Valley, California, the two plants have a combined installed capacity of 354MW.
Based in Switzerland, Capital Dynamics is a global asset management company, while Hanwha Asset Management is a South Korean company engaged in providing investment services.
Capital Dynamics has conducted the transaction through its Clean Energy Infrastructure (CEI) programme. CEI directly invests in commercial and utility-scale, clean and low-carbon power generation assets and infrastructure primarily in North America and Europe.