Deals this week: KEPCO, BBOXX, Kerala State Electricity Board, and Southern Power Company

1 September 2016 (Last Updated September 1st, 2016 18:30)

Korea Electric Power Corporation (KEPCO) has signed a memorandum of understanding with Carlyle Group to acquire its subsidiary Cogentrix Energy Power Management for approximately $30m.

Korea Electric Power Corporation (KEPCO) has signed a memorandum of understanding with Carlyle Group to acquire its subsidiary Cogentrix Energy Power Management for approximately $30m.

The deal will provide KEPCO ownership rights to the 30MW Alamosa solar generating plant in the San Luis Valley in Colorado, US. The plant is expected to start operations in October 2016.

BBOXX has closed its $20m Series C venture financing round through contributions from co-investors MacKinnon, Bennett & Company (MKB), ENGIE Rassembleurs d'Energies, and KawiSafi Ventures, as well as existing investors Khosla Impact Fund, Bamboo Finance, and DOEN Foundation.

Proceeds will be used to expand BBOXX's markets in Kenya and Rwanda and to create three new franchises in Cameroon, the Ivory Coast, and Nigeria.

Kerala State Electricity Board has signed a joint venture (JV) agreement with the Solar Energy Corporation of India (SECI) to develop the 200MW Kasargod solarpower project in Ambalathara, Kerala.

The 50MW Phase I of the project is scheduled for commissioning in December 2016.

Southern Power Company has completed an acquisition of the 147MW Great Plains windfarm from Apex Clean Energy.

Apex is managing construction work and will provide operation and maintenance services when the facility comes online in December 2016.

A subsidiary of Infrastructure and Energy Alternatives, IEA Renewable Energy is serving as the engineering, procurement, and construction (EPC) contractor for the project, which is expected to serve approximately 50,000 US homes.

Daesung Heat Pump and SOLIDPower have formed a partnership to co-develop next-generation solid oxide fuel cell systems.

The partners will initially co-develop and distribute 10kW SOFC system fuel cells in Korea.