SIMEC Atlantis Energy has reached a conditional sales and purchase agreement to acquire SIMEC Green Highland Renewables for £124.7m ($160m). SIMEC has conducted the transaction through its wholly-owned subsidiary Atlantis Projects.
The acquisition is expected to help SIMEC Atlantis enhance its sustainable energy assets and transform it into a diversified energy company.
Based in the UK, SIMEC Atlantis is engaged in the supply of vertically integrated turbines, while SIMEC Green Highland Renewables, a subsidiary of the UK-based SIMEC Group, is engaged in the development, construction, operations and management of hydroelectric projects.
ENGIE has acquired majority shares of KiWi Power from its two co-founders, Yoav Zingher and Ziko Abram.
Based in France, ENGIE is an electric utility, while KiWi Power is engaged in energy generation in the UK.
LS Power has signed a definitive agreement with H.I.G. Capital to acquire Enerwise Global Technologies.
LS Power anticipates to further strengthen its energy management platform by advancing its proprietary technology, product development and delivery of superior customer service.
Based in the US, LS Power is engaged in power and energy generation and transmission, while Enerwise Global Technologies serves industrial and commercial customers.
H.I.G is engaged in providing private equity and alternative assets management.
Ontario Power Generation has agreed to acquire Eagle Creek Renewable Energy for C$298m ($224m).
Ontario Power Generation plans to fund the deal either through its corporate public debt programme or other credit facilities.
Based in Canada, Ontario, Power Generation is engaged in electricity generation, while Eagle Creek Renewable Energy is engaged in establishing and developing small hydropower plants to serve consumers in North America.
Ovo Group has acquired Spark Energy in a deal, which is expected to benefit the rental sector.
Ovo group will add new customer base to its existing one, while Spark Energy will benefit from the expertise of the large company, such as the availability of 100% renewable energy tariff, additional home services and digital innovations.
Ovo Group is engaged in the purchase and sale of gas and electricity for domestic supply, while Spark Energy is an energy supplier. Both companies are based in the UK.