Ørsted has reached an agreement with DE Shaw Group for acquiring 100% stake in Deepwater Wind for $510m.
A new company called Orsted US Offshore Wind will be created following the acquisition, and is expected to generate clean energy to be delivered to seven states on the US east coast.
The acquisition will further strengthen Ørsted’s position as a leader in the offshore wind market spanning Europe, North America, and Asia-Pacific.
Based in Denmark, the acquirer company is engaged in developing offshore windfarms. The US-based target company is also engaged in offshore wind project development.
Greenko Energy Holdings has completed the acquisition of Orange Renewables.
The company has also reached a definitive purchase agreement to acquire Skeiron Green Renewables.
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The two acquisitions will add approximately 1.3GW of operating and near completion wind and solar assets to Greenko’s portfolio. The company’s overall operational capacity will increase to approximately 4.5GW as a result of the acquisitions.
Greenko is a renewable energy generating company, while Orange Group is focused on the development and operation of renewable energy projects. Skeiron Green Renewables is engaged in renewable energy development.
All companies involved in the transaction are based in India.
Kibo Energy has completed the acquisition of 60% equity interest in Mast Energy Developments (MED).
Kibo Energy has agreed to issue more than 5.7 million new ordinary shares priced at $0.05 a share to the existing MED shareholders.
Based in Ireland, Kibo Energy is an energy generation company focused on Africa, while the target company is a UK-based company focused on developing and operating flexible power plants.
The Competition and Markets Authority (CMA) has cleared the merger of SSE Retail (SSE) and Npower following an inquiry on the impact on the household consumers.
The authority examined competition concerns and other factors before concluding that the merger would not impact ‘standard variable tariff’ prices.
Both companies involved in the transaction are based in the UK and supply gas and electricity to households.