Genie Energy has acquired a majority stake in Prism Solar Technologies (Prism), together with its shareholder Plus EnerG.
The company expects the investment in Prism to contribute to its top and bottom business lines. The products offered by Prism and Plus EnerG are expected to play a key role in the renewable offerings provided to commercial clients by Genie Energy Services.
Based in the US, Genie Energy is an independent provider of energy and related services, while Prism is engaged in module manufacturing.
Polaris Infrastructure has acquired the entire issued and outstanding shares of Union Energy Group (UEG).
The acquisition will add run-of-river hydro projects to Polaris Infrastructure’s portfolio and enable the company to enter the Peruvian market.
The deal is expected to increase cash flow per share and leverage available cash resources, which will help in meeting the capital requirements of the under-construction Generación Andina projects.
Based in Canada, Polaris Infrastructure is engaged in the operation, acquisition and development of renewable energy projects in Latin America, while the UEG owns and develops run-of-river hydro projects located in Peru.
EnerSys has reached an agreement with Alpha Technologies group (Alpha Group) to acquire all shares and select assets for $750m.
The acquisition of Alpha Group is expected to help EnerSys provide fully-integrated products and solutions to its customers and ease the equipment deployment process.
EnerSys has engaged Goldman Sachs & Co and Evercore as financial advisors for the transaction, while Holland & Knight and Reed Smith were engaged as legal advisors. William Blair and Baker McKenzie serve as financial advisor and legal advisor for Alpha.
Based in the US, EnerSys provides stored energy solutions for industrial applications, while Alpha Group is a provider of commercial-grade energy solutions.