Trina Solar has acquired Spain-based solar tracker systems manufacturer Nclave Renewable.
Nclave Renewable’s tracker products and engineering designs, as well as its edge technologies, will become part of Trina Solar’s smart solutions and TrinaPro smart photovoltaic (PV) solutions.
Trina Solar is an integrated solar power products manufacturer and solar system developer based in China.
The acquisition will enable the company to accelerate its plans to transform from a PV product supplier to a smart PV solution provider.
The company has engaged Arias Law as its legal adviser for the transaction.
NextEra Energy has reached an agreement with energy utility Southern Co to purchase Gulf Power Company, Florida City Gas, and certain power generating assets in Florida for approximately $6.5bn.
The acquiring company is engaged in power generation, transmission and distribution, while Gulf Power is an energy utility, while Florida City Gas provides natural gas products and services.
All companies involved in the transaction are based in the US.
NextEra Energy has engaged Bank of America Merrill Lynch and Goldman Sachs & Co as financial advisers for the transaction, while Wachtell, Lipton, Rosen & Katz and Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates have been engaged as legal advisers.
Southern Co has engaged Citigroup Global Markets as exclusive financial adviser, and Jones Day, Troutman Sanders and Gibson Dunn & Crutcher as legal advisors for the transaction.
Lakehouse has completed the acquisition of Just Energy Solutions (JES).
Lakehouse is engaged in providing asset and energy support services, while JES is a heating and renewable energy solutions provider. Both are based in the UK.
The acquisition will expand Lakehouse’s geographic breadth and enable it to provide better services to its customers with a focus on compliance and energy services
Maxim Power is an independent power producer based in Canada.
Antin Infrastructure Partners SAS has signed an agreement to purchase Idex Groupe SAS from Luxembourg-based investment firm Cube Infrastructure Managers SA.
Based in France, the acquirer company is a private equity firm, while the target company, also based in France, is involved in the provision of energy and environmental services.
Rothschild & Co SCA has been appointed as financial adviser and Freshfields Bruckhaus Deringer LLP as legal adviser by Antin Infrastructure for the transaction.
Caisse de depot et placement du Quebec (CDPQ) has purchased an additional 27.67% interest in Invenergy Renewables LLC (formerly Invenergy Wind LLC) from US-based power generation company Invenergy LLC.
The acquisition has increased CDPQ’s stake in Invenergy Renewables to 52.4%.
The divestment is expected to enable Invenergy to reduce its debt and strengthen its financial position.
Based in Canada, CDPQ is an institutional fund manager, while Invenergy Renewables is a renewable energy company.