Deals this week: Edisun Power Europe, Mitsubishi Electric, Alpha Technologies

10 November 2017 (Last Updated November 9th, 2017 11:17)

Edisun Power Europe has agreed to acquire the 3.6MW Solarpark Leipzig Alter Flughafen, a rooftop solarpower plan

Edisun Power Europe has agreed to acquire the 3.6MW Solarpark Leipzig Alter Flughafen, a rooftop solarpower plant.

The plant is owned by PV Leipzig Alter Flughafen and has been operating since December 2016.

Located on top of two buildings of a logistics company in Leipzig, the plant has a lease period of 35 years.

Edisun Power Europe is a Switzerland-based company engaged in solarpower generation, while Leipzig Alter Flughafen deals with renewable energy generation.

Mitsubishi Electric has reached an agreement with Powerex to acquire its power device sales business.

Powerex is a joint venture (JV) between Mitsubishi Electric and General Electric.

Mitsubishi Electric US is a wholly-owned subsidiary of Mitsubishi Electric. It will acquire the sales business by January 2018.

Mitsubishi Electric is a Japan-based manufacturer of electric and electronic products, while Powerex is engaged in the manufacture and sale of power devices.

Alpha Technologies has agreed to distribute Altergy Systems’ Freedom Power Platform (FPP), a patented retro-t fuel cell solution that offers uninterrupted TV, internet, and phone services.

"Alpha Technologies has agreed to distribute Altergy Systems’ Freedom Power Platform (FPP)."

Both the companies involved in the transaction are based in the US.

Alpha Technologies is engaged in providing broadband solutions, while Altergy Systems is a designer and manufacturer of proton exchange membrane fuel cell power systems.

North West Power Generation Company Limited (NWPGCL) and Siemens have agreed to form a JV to finance $2.4bn for the construction and development of a 3,600MW re-gasification liquefied natural gas (LNG) based combined-cycle power plant in Bangladesh.

NWPGCL is a state-owned power generation company, while Siemens is a diversified company based in Germany.

The three units of the power plant each have an installed capacity of 1,200MW. They are expected to come online by June 2020, December 2020, December 2021, respectively.

General Electric and Green Investment have arranged project financing of €500m ($580.21m) for constructing and developing the 650MW Markbygden onshore wind park located in Sweden.

The windfarm is expected begin operations by the end of 2019.

European Investment Bank (EIB), Export Credit Guarantees of the Federal Republic of Germany (Hermes Cover), NORD/LB, KfW IPEX-Bank, and HSH Nordbank have provided financing for the project.

General Electric is a manufacturing, technology and services company, while Green Investment is a subsidiary of Macquarie Group.