View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
  2. Company News
July 13, 2018updated 27 Jul 2018 7:05am

M&As this week: EnfraGen Spain, Rejlers Finland Oy, Go Green Energy

EnfraGen Spain has acquired 100% stake in Hidrotenencias from ACON Latin America Opportunities Fund and ACON Latin America Opportunities Fund-A.

EnfraGen Spain has acquired 100% stake in Hidrotenencias from ACON Latin America Opportunities Fund and ACON Latin America Opportunities Fund-A.

Free Report
img

Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

Based in Spain, EnfraGen Spain is a subsidiary of Glenfarne Group, while the target company is a Panama-based renewable energy company, which owns and operates three run-of-the-river hydroelectricity projects.

Hidrotenencias has engaged UBS Investment Bank as financial adviser, and Morgan & Morgan as local legal advisers and Hogan Lovells as US legal advisers.

Finland-based Rejlers Finland Oy has acquired Antti Pitkanen Oy and Enease Oy.

Based in Finland, Antti Pitkanen is engaged in power grid engineering, while Enease, also based in Finland, is engaged in providing software and consultancy services.

The transaction will strengthen Rejlers’ scope in power grid planning and energy measurement services.

Go Green Energy has reached an agreement with Cyclone Power Technologies to acquire 81% stake in Cyclone Performance LLC.

Based in the US, Go Green is engaged in the manufacture, sale, leasing and renting of light towers and generators, while Cyclone Power Technologies is a developer of all-fuel clean-tech engines.

“Equinor has reached an agreement to acquire Danske Commodities for $467m.”

Italy-based CESI has acquired EnerNex, a power engineering and consulting firm based in the US. The acquisition will help CESI to expand its service portfolio in North America. While EnerNex will gain new opportunities for services in grid modernisation, cybersecurity and power systems consulting as part of CESI’s global network.

The two companies propose to combine their North American and European best practices and competencies to overcome complex challenges in the energy sector.

Equinor has reached an agreement to acquire Danske Commodities A/S (DC) for €400m ($467m).

This acquisition is expected to help Equinor develop as a broad energy company.

Based in Norway, Equinor is an international energy company, while the target company is a Denmark-based independent energy trading house engaged in short-term gas trading and energy market services.

Spark Power has acquired Orbis Engineering Field Services, an engineering design and technical field services provider based in Canada.

Also based in Canada, Spark Power is an independent provider of electrical power services and solutions.

Related Companies

Free Report
img

Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology