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August 25, 2016

Deals this week: Korea Electric Power Corporation, EDF EN Canada, and Alpiq Holding

Korea Electric Power Corporation has announced its intention to acquire Cogentrix Energy Power Management from Carlyle Group in exchange for approximately $30m.

Korea Electric Power Corporation has announced its intention to acquire Cogentrix Energy Power Management from Carlyle Group in exchange for approximately $30m.

Cogentrix Energy Power Management owns the 30MW Alamosa solar generating plant in San Luis Valley near Alamosa Colorado, US. The power plant started commercial operations in May 2012.

EDF EN Canada has divested a 15% stake in the 350MW Riviere-du-Moulin wind project in Canada to the Regional County Municipality (RCM) of Charlevoix and Fjord-du Saguenay (5%), the Innu of Mashteuiatsh and Essipit First Nations (5%), and the Huron Wendat Nation (5%).

EDF EN Canada now holds 42.5% ownership rights in the project and provides management services, whereas EDF Renewable Services continues to render operations and maintenance, as well as full-time remote monitoring from its operations control center (OCC).

Alpiq Holding has entered a partnership agreement with Engie for the installation of rooftop solar panels in Belgium.

Southern Nuclear Operating Company (Southern Nuclear) has has entered a partnership agreement with X Energy to commercialise and co-develop its XE-100 high-temperature gas-cooled reactor (HTGR).

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