Sungevity has entered a definitive agreement with EGear and Hawaii Energy Connection to acquire both companies.
The acquisition of Hawaii Energy Connection is expected to enhance Sungevity’s capabilities and market share, while that of EGear will help offer value-added services to its consumers using innovative technologies.
Sungevity is expected to become one of the leading providers of residential and commercial solar systems in Hawaii following the acquisition.
Based in the US, Sungevity is engaged in providing technology-driven solar energy solutions to residential and select commercial customers. While EGear and Hawaii Energy Connection are engaged in solar, storage, and grid services market are both based in Hawaii.
Nebras Power Investment Management has signed a binding agreement with Zon Exploitatie Nederland Holding BV (ZEN) to acquire a 75% equity stake in the latter.
Based in Qatar, Nebras Power Investment Management is an affiliate of Netherlands-based Nebras QSC and is focused on the development and management of a portfolio of strategic investments in the power sector.
Based in the Netherlands, ZEN is engaged in development and operation of solarpower generation assets.
The acquisition will provide Nebras with access to the renewable power market in the Netherlands and enable the company to achieve its goal of becoming an international power company.
ABB has completed the acquisition of Intrion, a logistics automation solutions and services provider based in Belgium.
Intrion will become part of ABB’s Robotics and Motion division.
ABB is a Switzerland-based technology company engaged in the provision of power and automation solutions.
The acquisition will enable ABB to advance its logistics robotics offerings and provide better services to its customers and system partners.
Caisse de dépôt et placement du Québec (CDPQ) has acquired a 40% stake in CLP India Private Limited (CLP India) from CLP Group for Rs26.4bn ($367.5m) approximately.
The remaining 60% stake in CLP India will be held by CLP’s wholly owned subsidiary CLP GPEC (Mauritius) Holdings Limited (CLP GPEC).
The partnership of CLP and CDPQ is expected to provide strategic backing and financial support to CLP India and help achieve long-term growth with a diversified portfolio.
CLP Group is a subsidiary of Hong Kong-based CLP Holdings Limited and is one of the largest investor-owned power businesses in Asia-Pacific. CDPQ is a Canadian institutional fund manager investing in major financial markets, private equity, infrastructure, real estate, and private debt.