Bradam Group has acquired renewable energy company Elementa Group, a Canadian company engaged in converting carbon-based waste material into synthetic gas.
Bradam Group has acquired Elementa Group’s assets including a steam reforming process (SRP), which converts daily non-recyclable waste into clean energy. The company has also secured patents in 24 countries as part of the acquisition.
Bradam Group intends to commercialise the process in North America and internationally.
Interconexion Electrica has reached an agreement with Fundo De Investimento Em Participacoes Coliseu and Fundo de Investimento em Acoes Taurus to acquire stakes in power transmission utility Transmissora Alianca de Energia Eletrica (TAESA).
The deal involves a purchase consideration of BRL1.055bn ($322.09m). Interconnexion Electrica is based in Colombia, whereas the target company is based in Brazil.
Enea has agreed to acquire ENGIE Energia Polska from Engie for €250m ($261.06m).
ENGIE Energia Polska is a power generation company, which owns the 1.9GW Polaniec coal and biomass power plant in Poland.
Based in France, Engie is a power utility formerly known as GDF Suez.
ONEnergy has signed a letter of intent (LOI) to acquire OZZ Electric in a reverse acquisition transaction.
A new subsidiary named Newco will be formed, which will transfer all of its business, assets, and liabilities besides loss, carrying forward tax attributes, litigation-related rights, and obligations to the new company.
The new company will issue to ONEnergy in exchange for the transfer of the spin out business, while OZZ Electric’s shareholders will be issued 150 million common shares for a total value of C$75m ($56m).
ONEnergy intends to expand its geographical presence and add value to its shareholders through the acquisition.
IDB Infrastructure Fund II has agreed upon a $147m acquisition of minority stake in UAE-based utilities management company, Utico.
The acquisition is expected to be completed in Q1, 2017.
Shenzhen Energy Group intends to acquire two solar photovoltaic power companies for purchase considerations of CNY51m ($7.34m) and CNY20m ($2.88m) respectively, as well as a solar power company based in Nanjing for CNY10m ($1.44m).
Sta. Clara Power Corp has reached an agreement with energy utility company, AC Energy Holdings, to acquire 70% stake each in three small hydropower companies namely QuadRiver Energy Corp., Philnew Hydro Power Corp., and PhilnewRiver Corporation.
AC Energy intends to focus on solar and wind development post the sale.
Ormat Technologies will acquire the business and assets of Viridity Energy for an initial consideration of $35m in cash and additional contingency payments based on achievement of certain performance milestones in 2017 and 2020.
The target company, also based in the US, provides demand response, demand management, and battery storage solutions.