Durr has signed a definitive agreement to acquire the Babcock & Wilcox Enterprises’ MEGTEC and Universal businesses for $130m.
Based in Germany, Durr is a mechanical and plant engineering company, while Babcock & Wilcox Enterprises is a US-based provider of energy and environmental technologies and services for the power and industrial markets.
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Babcock & Wilcox has engaged William Blair & Company as financial adviser and Jones Day as legal adviser for the transaction.
TerraForm Power has agreed to raise gross proceeds of $650m by issuing 60.97 million Class A stock priced at $10.66 a unit.
Brookfield Asset Management or its affiliates will subscribe to the stock issued under the offering.
Based in the US, TerraForm Power is engaged in renewable energy generation, while Brookfield Asset Management is an asset management company based in Canada.
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By GlobalDataProceeds from the offering are intended to be used to fund the proposed acquisition of the European renewable power company Saeta Yield.
Meridian Energy has announced plans to raise gross proceeds of up to NZ$150m ($105.34m) through a private placement of unsecured, unsubordinated fixed-rate bonds due 2025.
Institutional and New Zealand retail investors have agreed to subscribe to the bonds issued under the placement.
Meridian Energy is a power generation company based in New Zealand.
The company has engaged ANZ Bank New Zealand and Westpac Banking Corporation as joint lead managers for the transaction, while Deutsche Craigs and Forsyth Barr were engaged as co-managers.
McPhy Energy has formed a partnership with Electricite de France for developing carbon-free hydrogen projects in France and rest of the world.
McPhy Energy is engaged in the manufacture of solid-state hydrogen storage systems, while Electricite de France is an integrated energy company. Both companies are based in France.
Magellan Wind and Copenhagen Infrastructure Partners, through Copenhagen Infrastructure III, have formed a joint venture to develop an early stage portfolio of floating offshore windfarms around the California coast and other areas of the US.
Based in the US, Magellan Wind is engaged in the development of offshore wind projects, while Copenhagen Infrastructure Partners is a fund management company based in Denmark.
The JV will handle both large and small-scale projects apart from focusing on the deployment of Stiesdal Offshore Technologies TetraSpar floating foundation.
The Renewables Infrastructure Group (TRIG) has acquired the Rosieres and Montigny windfarms situated in Meuse and Aisne in Northern France from Renewable Energy Systems for €28m ($32.76m).
TRIG is an investment company, while Renewable Energy Systems is a renewable energy company. Both companies are based in the UK.
Lacour Energy has agreed to invest A$1bn ($763.51m) for the construction and development of the 800MW Clarke Creek windfarm in Australia.
Based in Australia, Lacour Energy is a renewable energy company.
