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May 19, 2016

M&As this week: Brookfield Renewable Energy Partners, Centrica, and Crius Energy Trust

Brookfield Renewable Energy Partners have acquired an additional 25.4% stake in Isagen for an approximate consideration of COP2.92bn ($976m) in a first mandatory tender offer.

Brookfield Renewable Energy Partners have acquired an additional 25.4% stake in Isagen for an approximate consideration of COP2.92bn ($976m) in a first mandatory tender offer.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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This increases the stake in Isagen to 83%, with the second mandatory tender offer expected in July.

Brookfield Renewable Energy Partners acquired a 57.6% stake in Isagen from the Government of Colombia, for 2.2bn in January.

Centrica has completed the acquisition of ENER-G Cogen International from ENER-G Holdings for £145m ($208.14m) in order to boost its distributed energy offering.

ENER-G Cogen primarily operates in the UK and provides end-to-end combined heat and power (CHP) solutions for industrial and commercial customers. it has approximately 1,400 units with a combined capacity of 500MW under contract.

The company has now been integrated into Centrica’s new international Distributed Energy & Power business.

Crius Energy Trust has announced its subsidiary Crius Energy Corporation will acquire the remaining 19,458,942 membership units through a tender offer, representing a 56.9% stake in Crius Energy. The trust currently holds 14,716,582 units (a 43.1% interest).

In order to fund the buy-out payment offered to each unit-holder, Crius Energy Trust is issuing a bought deal public offering of subscription receipts to underwriters including Desjardins Capital Markets, Scotiabank, and RBC Capital Markets. They will further sell the subscription receipts to the public.

The acquisition is expected to be completed in June 2016.

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Free Report
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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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