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November 9, 2018

M&As this week: SOCOMEC, Enefit Green AS, Esdec

SOCOMEC US Holding Corp. has acquired a strategic stake in EPC Power.

SOCOMEC US Holding Corp has acquired a strategic stake in EPC Power.

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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.   
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SOCOMEC will gain access to additional inverter products and research and development (R&D) support through the acquisition, which will also pave way for expanding its footprint in North America and worldwide.

EPC Power will benefit from partnering with a global strategic company and secure capital funding for its R&D and manufacturing business through the transaction.

SOMOMEC US Holding Corp is engaged in providing low-voltage electrical networks, energy solutions and power conversion systems, while EPC Power is engaged in creating innovative stable and compact power conversion products.

Enefit Green AS has acquired 100% shareholding in Nelja Energia AS from Vardar Eurus AS and other minority shareholders.

Based in Estonia, Energia AS is engaged in renewable energy production, while Nelja Energia AS is engaged in renewable energy production and development.

Based in Norway, Vardar Eurus AS is engaged in developing, owning and operating renewable power plants in the Baltic States and Northwest Russia.

“The transaction is expected to create the largest player in the field of roof-connected mounting systems for solar panels.”

Esdec has acquired EcoFasten Solar, a US-based designer and producer of roof-connected mounting systems for solar panels.

The transaction is expected to create the largest player in the field of roof-connected mounting systems for solar panels, offering an extensive and innovative range.

Based in the Netherlands, the Esdec is engaged in the supply of roof-mounted renewable systems across Europe.

Orsted has completed the acquisition of the entire equity interest in Deepwater Wind from D.E. Shaw Group, following approval from US competition authorities.

The transaction is a continuation of the agreement made with D.E. Shaw Group in October for acquiring Deepwater Wind for $510m.

Based in Denmark, the Orsted is engaged in providing wind power services, while US-based Deepwater Wind is engaged in wind energy development.

D.E. Shaw Group is a multi-national investment management firm.

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.

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