Receive our newsletter – data, insights and analysis delivered to you
  1. News
April 6, 2018

M&As this week: SSE Airtricity, NG Bailey, ReNew Power Ventures

SSE Airtricity has reached an agreement to acquire a 40% stake in Activ8 Solar Energies.

SSE Airtricity has reached an agreement to acquire a 40% stake in Activ8 Solar Energies.

The company also holds an option to purchase an additional 10% stake after two years.

Based in Ireland, SSE Airtricity is engaged in energy and natural gas supply, while Activ8 Solar Energies is engaged in the supply of rooftop solar systems.

The acquisition will enable SSE Airtricity to expand its commercial and domestic energy services offering.

NG Bailey has acquired UK-based facilities and power engineering services company Freedom Group.

Also based in the UK, NG Bailey is an engineering, IT and facilities services provider.

Content from our partners
Green investment: What gives Scotland multiple advantages
How Hengst helped to keep Germany’s charity “star singers” shining
How one power station prevented frequent shutdowns with three-stage air filtration

The acquisition will enable NG Bailey to expand its services and enter new sectors such as the electricity distribution network (DNO) market.

ReNew Power Ventures has acquired Ostro Energy from UK-based private equity firm Actis for approximately $1.54bn in debt and equity.

“Ningxia Jiaze Renewable plans to acquire a solar energy company for CNY2.5bn ($397.4m).”

Based in India, ReNow Power ventures is engaged in providing alternative energy, while Ostro Energy is involved in renewable energy generation.

ReNew Power has secured a $247m investment from Canada Pension Plan Investment Board (CPPIB) to fund the acquisition.

Ningxia Jiaze Renewable plans to acquire a solar energy company for CNY2.5bn ($397.4m) in cash and equity.

Based in China, Ningxia is engaged in the development of renewable energy projects.

The company also plans to issue shares in a private placement to raise gross proceeds of CNY1.5bn ($236.86m).

Jinzhou Yangguang Energy has agreed to acquire a 17.8% equity interest in Jinzhou Yangguang Motech Renewable Energy from Motech (Suzhou) Renewable Energy for CNY9.96m ($1.58m).

Jinzhou Yangguang Motech Renewable Energy is engaged in the manufacturing of photovoltaic (PV) modules and systems, while Jinzhou Yangguang Energy is a subsidiary of Solargiga Energy Holdings.

All the companies involved in the transaction are based in China.

Kenon Holdings plans to divest its 76% stake in OPC Energy.

Based in Israel, OPC Energy is a power generation company.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU